Teleca Signs Cooperation Agreement with World Leader in Automotive Segment; Teleca has Signed an Agreement with Volvo IT Covering IT Consulting Services


MALMO, Sweden, April 5, 2002 (PRIMEZONE) -- Under the agreement, Teleca will become one of five prioritized cooperation partners that, combined, will ensure 75 percent of Volvo IT's total requirement of about 600 consultants. Teleca signed the agreement jointly with Sigma and Epsilon.

Teleca strengthens Volvo IT's operations by offering highly qualified services within system development and operations surveys. The agreement is for two years and the aim to establish a long-term cooperation.

The agreement further secures Teleca's position in the automotive segment in Sweden and Europe.

About the Teleca Group

Teleca is one of Europe's leading high-end consulting groups focused on new technology and R&D. Our business concept is to strengthen our customer's market position and time-to-market. This is achieved by providing professional teams with specialist technical expertise, working in partnership with development-intensive companies world-wide. The group has more than 2,200 employees in 13 countries with a strong presence in the Nordic region, UK, and France. Teleca is quoted on the Attract40 list of Stockholmsborsen. For more information please visit www.teleca.com.

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