EDAG Engineering GmbH


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    Wiesbaden (ots Ad hoc-Service) -      

    Leading position on Scandinavian market / Strengthening of business branch electronics and communication Intensification of international expansion strategies

    Rücker AG Wiesbaden will acquire the Swedish development service provider B Nord Consulting AB as of July 1, 2000. The purchase agreement has been signed, dated June 26, 2000. The company with head office in Goteborg has approx. 80 employees and expects for the current fiscal year a turnover of about 12 million DM. Rücker AG which already has two branch offices in Sweden will herewith become one of the most important development service provider for the telecommunication and automobile industry in Scandinavia.

    Nord contributes first class contacts to internationally operating companies of this line of business. Main emphasis is on the development of modules for the communications electronics such as cellular phones or navigation systems. Apart from the continued penetration of the Scandinavian market, the acquisition means for Rücker AG a strengthening of the branch of the future, electronics and communication.

    The take-over of NORD is part of Rücker's strategy of internationalisation. Additional international acquisitions are planned for the current fiscal year. Presently the company is represented with 40 operational locations in 12 countries.

    Rücker AG is a development service provider for innovative high technology with a leading position in the virtual product development. Its clients are well-known companies of the automotive and aviation industry as well as the telecommunication and electronics business branch. For the current fiscal year 2000 Rücker AG plans an EBIT of 26.7 million DM with a turnover of approx. 227 million DM. The company is quoted since May 15th, 2000 at the New Market of the stock exchange in Frankfurt.


    Jürgen Vogt Finance Management, Rücker AG Phone: (0)611 7375 140, juergen.vogt@ruecker.de

    David Verbeek Morgen Walke Scior Corporate & Financial Relations Phone: (0)69 95 154 125, d.verbeek@morgen-walke.de

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