CENIT AG Systemhaus

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

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    Stuttgart (ots Ad hoc-Service) -      

    - 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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