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Prevas acquires Avantel for continued expansion in Stockholm

Prevas, the Nordic leader within embedded systems, has acquired Avantel AB. Avantel provides
specialist competence within embedded systems on the Stockholm market. Acquisition of Avantel
will further strengthen Prevas´ position on the rapidly expanding market for embedded systems.

Avantel´s ability to successfully drive product development from idea to profitable product, and the company´s solid competence within electronic construction, embedded systems and an unusually good understanding of durability will increase Prevas´ specialist competence within the development of intelligent products. Avantel is a highly progressive company with over 20 years´ experience on the Stockholm market. The company has 9 employees and as a result of the merger with Prevas, plans rapid expansion based on its advanced product
development concept. Avantel has a projected turnover of SEK 7.6 million in 2006.

Avantel has extensive experience of highly demanding industry sectors such as medical technology, aerospace and consumer products. Customers include PacketFront, SciBase and Electrolux - for whom the company developed the electronics for the first robot vacuum cleaner for the consumer market, the Trilobite®.

An acquisition contract has been signed effective 03.07.06. The fixed purchase price is comprised of 100,000 newly issued Prevas B-shares, which on the day were estimated to be worth approx. SEK 2.0 million. A supplementary purchase price linked to Avantel´s results in 2006, 2007 and 2008 may also be realised. The total purchase price including the supplement cannot exceed SEK 5 million however. Avantel´s business will be integrated into the Prevas Group and the projected positive effect on the result is expected to be in the range of SEK 1-2 million per year, reaching its full effect in the second half of 2007. Avantel will be fully integrated into Prevas´ group accounts system in Q3 of 2006.

The board intends to use the authority given it to issue new Prevas shares at the ordinary general meeting held on 6 April 2006.

“The acquisition of Avantel reinforces Prevas´ position as the Nordic leader within embedded systems and boosts our expansion plans within Stockholm", says Anders Englund, CEO of Prevas.

“Our ambition to supply world class product development will be strengthened by Prevas´ broad technical competence and successful project execution", says Maria Månsson, CEO and one of the main shareholders of Avantel.

About Prevas

Prevas develops intelligence in products and industrial systems. Prevas is a project-oriented, hi-tech IT company. The company offers consultancy services, products and support to companies developing products with a large IT content or which need to streamline or automate their business. Prevas solutions are renowned for their reliable delivery and quality.
Prevas is listed on the Stockholm Stock Exchange.
See also www.prevas.se.

About Avantel

Avantel AB is a design house providing specialist competence within electronic development and product care. Product development focusing on quality, reliability and ease of manufacture. Avantel´s model of total commitment and project responsibility results in highly efficient development work, reduced costs and shorter time to market.
See also www.avantel.se.

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