FlexLink acquires Techne

FlexLink acquires Techne - a leading supplier to the packaging industry

FlexLink have acquired Techne, a leading provider of machines and devices for the packaging OEM industry. Techne is now part of FlexLink's EMEA South organization as an Area System House, ASH. The new name is FlexLink Techne S.r.l.

Techne has 25 years of industry experience as a provider of design and engineering of specialty machines and equipment for the packaging machinery industry. Based outside Bologna in Italy, Techne employs 20 co-workers and is since long a member of the Bologna Packaging valley, a network of leading packaging machinery suppliers.

From the beginning, Techne has a strong foothold within the tissue, pharmaceutical and personal products industries, which make it a logic fit to FlexLink as a provider of production logistics solutions to the manufacturing industry. With the investment, FlexLink reinforces Techne's position at leading machine manufacturers and leveraging their growth potential through a strong international network.

FlexLink is a leading production logistics supplier - providing material and information flow management solutions to assembly and manufacturing industries. Based in Göteborg, Sweden, FlexLink has 665 employees, operates 28 sales units and is represented in 60 countries. In 2007, group turnover was MSEK 1,346 (145 M€).

Göteborg, May 19, 2008

FlexLink Group

For further information, please visit www.flexlink.com, or contact:

Mattias Perjos                                          Klas Ålander
CEO                                                          Corporate Communications
FlexLink AB                                               FlexLink AB
                                           
+46-31-337 1626                                     +46-31-337 2499
mattias.perjos@flexlink.com                     klas.alander@flexlink.com