ÅF sells AF Chleq Froté S.A.
Fri, 06/29/2007 - 08:35
For further information: Jonas Wiström, CEO & President ÅF +46 (0)70-608 12 20 Eero Auranne, President, Process Division +46 (0)70-320 09 53 Viktor Svensson, Director, Corporate Information +46 (0)70-657 20 26 ÅF is to sell its French subsidiary AF Cheq Froté S.A. The company has 50 employees. The purchasers are the management of AF Chleq Forté. The transaction amounts to 1 EURO. The sale will have no effect on profits as provisions for this transaction were made in the annual accounts for 2006. The sale is part of the strategic re-alignment currently being undertaken within ÅF's Process Division. As the sale requires the approval of a general meeting of shareholders in AB Ångpanneföreningen, an extraordinary meeting of shareholders has preliminarily been planned for August. A separate call to the meeting will be published no later than two weeks prior to the meeting. Corporate Information AB Ångpanneföreningen The ÅF Group 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. We are also one of the leading names in testing and inspection. Today the ÅF Group has 3,500 employees. Our base is in Europe, but our business and our clients are found all over the world.