Nordic Business Report-January 26, 2007-Swedish consulting company Acando AB establishes subsidiary in Denmark (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com Swedish IT consulting company Acando AB announced on Friday (26 January) that it intends to establish a subsidiary in Denmark. "We see a need for a Danish presence in our international work," said Lars Wollung, president and CEO of Acando. "We aim to be a local partner, ensuring quick and flexible completion of assignments. The Copenhagen office will enhance Acandos role as a leading IT and management consultant in Northern Europe," Wollung added. Acando Danmark is expected to have 10-15 consultants by the end of the year, and to generate revenues "in tens of millions of [Danish] kroner". Acando, headquartered in Stockholm in Sweden, provides business improvements through information technology. The company has over 1,000 employees in seven European countries. Acando is listed on the Nordic Exchange in Stockholm. ((Comments on this story may be sent to [email protected]))