EDB has entered into an agreement to sell its training courses business in Sweden, which is carried out through the company Astrakan Strategisk Utbildning AB. Arranging training courses does not form part of EDB's core business, and the company has therefore reached agreement to sell its shares in Astrakan Strategisk Utbildning AB to a new owner with effect from mid August 2009.  The business has 6 employees.

 

In addition, EDB has signed a Letter of Intent (LOI) that anticipates the sale of Guide Market Solutions AB. This unit specialises in solutions related to sales and marketing, which is not an area that falls within EDB's core business focus. The business has 60 employees.

 

EDB will receive SEK 26 million in total for the sale of these units.These disposals represent a sharpening of EDB's business focus, and this will help to strengthen the future profitability of the Application Services business area.

 

Kristian Kuvaas Johansen, EVP and CFO, EDB,  + 47 476 03 334
Geir Remman, EVP - Corporate Communications, EDB,  + 47 970 55 017

 

 

EDB Business Partner is one of the leading IT groups in the Nordic region. The company offers solutions for the full range of business-critical IT services. EDB aims to be a close and attentive partner that leverages its deep industry knowledge and international capabilities to help its customers realise the full potential of IT. The company has local presence in 13 countries, 6000 employees and an annual turnover of around NOK 8 billion. EDB Business Partner is listed on the Oslo Stock Exchange. www.edb.com