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ÅF divests ÅF-Kontroll

Thu, 25/03/2010 - 12:19 CET
Jonas Wiström, President/CEO                                             +46
(0)70-608 12 20
Jonas Ågrup,
CFO                                                                     +46
(0)70-333 04 95
Viktor Svensson, Director, Corporate Information            +46 (0)70-657 20 26

ÅF has today signed an agreement relating to the sale of its 100 percent
shareholding in ÅF-Kontroll and the company's subsidiaries. The purchaser is
DEKRA AG in Germany.

Based on an Enterprise Value of SEK 610 million, Dekra pays SEK 550 million for
the shares in ÅF-Kontroll. The transaction will give rise to a capital gain of
approximately SEK 460 million in the first quarter of the year. ÅF-Kontroll's
operating result will be separated from ÅF's accounts with effect from today's

The sale of ÅF-Kontroll is a step in ÅF's strategy to realign operations in
order to establish ÅF as Europe's leading technical consulting company. The
vision is that ÅF will report sales of 1 billion euros in 2015. The strategy is
to be number one or two in the markets where the company is active.

"The transaction places ÅF in a very strong financial position, firmly focused
on its main objective of growing its core business by corporate acquisitions in
existing and new markets," says Jonas Wiström, ÅF Group President and CEO. He
continues, "I am delighted that we have reached an agreement with DEKRA, who
long-term will be able to develop ÅF-Kontroll in a direction that is positive
for clients and co-workers."

"This is a milestone in positioning DEKRA as a leader testing and inspection
provider for the energy industry", says Stefan Kölbl, CEO of DEKRA AG. "In
coorporation with our Finnish subsidiary, DEKRA Industrial Finland, former
Polartest Oy, we are number one in the sector in Scandinavia".

The MD of ÅF-Kontroll, Jörgen Backersgård, will continue to lead the work of the
company, which will retain the name ÅF-Kontroll during an initial transition

ÅF-Kontroll offers third-party technical inspections, testing and certification.
In 2009 ÅF-Kontroll reported invoiced sales of SEK 407 million. ÅF-Kontroll has
450 employees. The sale does not include ÅF's shares relating to its 50 percent
ownership in the inspection company ÅF-TÜV Nord Group.

ÅF is a leader in technical consulting, with expertise founded on more than a
century of experience. We offer highly qualified services and solutions for
industrial processes, infrastructure projects and the development of products
and IT systems. Today ÅF has 4,000 employees. Our base is in Europe, but our
clients are found all over the world.

DEKRA is one of the world's leading expert organisations. The company currently
maintains a presence in 29 countries in Western and Eastern Europe as well as in
the USA, Brazil, North and South Africa, Israel, Japan and China. More than
21,000 employees are committed to ensuring long-term safety, quality and
environmental protection, In 2009 DEKRA generated sales totalling around EURS
1.7 billion euros.

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