Nordic Business Report-October 11, 2006-Vitec i Umea AB invests in 12.8% stake in 3L System AB
(C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com
The Swedish software company Vitec i Umea AB (Vitec) said on Tuesday (10 October) that it has acquired a 12.8% stake in the business systems developer 3L System AB.
According to Lars Stenlund, managing director of Vitec, the purchase is primarily a financial investment.
"We have currently no plans to increase our ownership in 3L System further," Stenlund said.
Vitec paid SEK49 per share, or a total of SEK14.7m.
One Swedish krona (SEK) is worth approximately 0.07 British pounds (GBP).
((Comments on this story may be sent to [email protected]))
