Semcon receives project to update a complete car

Semcon receives project to update a complete car

Semcon has signed an order worth EUR 22 million, with an automotive
manufacturer outside Europe, which includes updating an existing car
with emphasis on safety.

The project is a facelift with the emphasis on safety, meaning that the
car will meet future safety requirements. The project will begin
immediately and run until the end of 2013. The project will be led and
mainly carried out by Semcon's German organization, but with support
from colleagues in the UK and India.

“It's gratifying that Semcon has signed an additional order based on our
knowledge of developing complete cars. It also confirms the trend being
seen where our clients are choosing to outsource increasingly larger
projects,” says Stefan Ohlsson, president, business area Automotive R&D.

The deal consolidates Semcon's ambition to be a global partner and the
strategy to pursue international growth remains firm. The international
activities' growth, the number of employees, in terms of active
workforce, is now the same in Sweden as abroad.

In Germany, Semcon has just over 900 employees, with all the major
German vehicle manufacturers among its customers. Moving from individual
assignments to a more project-oriented offer continues and in recent
years has generated several deals where Semcon has taken total
responsibility for the project.

For more information please contact:
Kjell Nilsson, CEO, Semcon AB, +46 (0)31 721 03 06
Stefan Ohlsson, president, business area Automotive R&D, +46 (0)736
840 555
Anders Atterling, IR & PR manager, Semcon AB, +46 (0)704 472 819