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ots Ad hoc-Service: Cenit AG <DE0005407100> CENIT announces intention to acquire a strategic partner in North America

Stuttgart (ots Ad hoc-Service) -

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- Locations in Canada, the USA and Mexico 
   - World-wide support for global customers
CENIT AG Systemhaus has signed a preliminary agreement to acquire
100% of L&H Consultants Inc., Montreal, (Canada). This is another
decisive step in CENIT's drive to become a global player. L&H, which
has been present in the North American market for over ten years, is
one of the leading providers of engineering solutions. With some 160
employees, the company estimates sales of approximately EUR 16
million in 2000. Besides its headquarters in Montreal, it has
branches in Toronto, Charlotte, Detroit and Mexico City. Its
customers around the world include renowned enterprises like Boeing,
Bombardier, DaimlerChrysler, Honda, Ferrari, and Hyundai.
This acquisition is the essential element in CENIT's globalisation
strategy and gives it access to the North American market. What is
more, the company will expand its portfolio with L&H products,
including web- based software tools for engineering process
improvement. "We will begin with our common activities in CAD/CAM
solutions for which L&H is the ideal partner. In the medium term, we
will expand our business in North America to include e-business and
IT services," agreed Falk Engelmann, spokesman for the board of
directors at CENIT AG Systemhaus and Alex Habrich, CEO of L&H
Consultants.
Rückfragen an/For more information please contact: CENIT AG
Systemhaus Matthias Brock Public Relations Schulze-Delitzsch-Str. 50
D-70565 Stuttgart Phone (+49) 7 11 / 7 80 73-201 Fax (+49) 7 11 / 7
80 73-501 E-Mail  m.brock@cenit.de
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