EDB - Sale of a business in Sweden

EDB Business Partner ASA has entered into an agreement to sell the company's Inndata business which forms part of the IT Operations business area in Sweden. The purchaser is BancTec AB.

EDB Business Partner ASA has entered into an agreement to sell the company's Inndata business which forms part of the IT Operations business area in Sweden. The purchaser is BancTec AB.
 
The sale will involve the transfer of 50 full-time equivalent positions to BancTec with effect from 1 July 2008. Inndata generated annual revenue of SEK 30 million in 2007. The sale of Inndata will cause an extraordinary asset write-down of NOK 6 million and is expected to strengthen the business area's profitability with effect from the second half of 2008.

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