Sigma has signed an agreement with the current majority shareholders of Kudos Information Inc. (KII) to sell Sigma’s 25.1% shareholding in KII. It has become apparent that the economies of scale are small and the parties will market their respective services independently. Sigma continues to focus its service offering on large global companies.
The 25.1% interest in KII was acquired when Sigma purchased the subsidiaries of Kudos Information Ltd in Finland, Hungary, France in the beginning of 2007. The acquired companies, as well as Sigma Information Design changed names to Sigma Kudos and forms the leading supplier within technical information and related services.
Sigma and KII, which has been re-named Anfield Inc, will continue to cooperate in some areas and develop the business relations between the companies.
Sigma will continue to support and grow the existing customer base in North America, directly and with Anfield as partner in some cases.
The transaction has no financial impact on Sigma earnings.
For further information, contact:
-
Carl Vikingsson, President, Sigma Kudos,
mobile phone: +46-706-01 19 00; e-mail: carl.vikingsson@sigmakudos.com -
Peter Oom, Vice President, Sigma Kudos,
mobile phone: +46-706-01 19 16; e-mail: peter.oom@sigmakudos.com
