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NOTE grows in Norway through acquisition of Norteam Electronics AS

As part of NOTE's Nearsourcing initiative and to further increase sales growth on the Norwegian market, NOTE has acquired all shares in Oslo-based electronics manufacturer Norteam Electronics AS.

Norteam Electronics' operations focus on services early in the product life cycle, such as prototyping and electronics manufacturing in small series. Norteam Electronics has a turnover of approximately NOK 50 million per year and 40 employees. The company has an established position on the Norwegian market and will be run in close collaboration with NOTE Oslo AS. Björn Furu, CEO of the Nearsourcing centre NOTE Oslo will also be responsible for the acquired business.

”We expect Norteam Electronics to make a positive contribution to NOTE's sales and profits as early as 2009,” says Knut Pogost, Acquisition Manager at NOTE AB.

For further information, please contact:
Knut Pogost, CSO Acquisitions NOTE AB, tel. 08-568 990 06, 070-552 34 44
Björn Furu, CEO NOTE Oslo, tel. +47 220 797 29, +47 930 898 46