EQT acquires the technology company VTI

EQT acquires the technology company VTI

EQT Northern Europe private equity fund has acquired the Finnish
technology company VTI Hamlin Oy from Breed Technologies Inc. (US).

VTI is a leader in design and production of acceleration, motion and
pressure sensors with a turnover of approximately MEUR 60. The company
is an established global leader and a quality supplier to a fast growing
niche within the automotive industry. VTI's sensors are used in fast
growing applications such as Electronic Stability Systems (ESP) and
Electronically Controlled Suspension (ECS). VTI's wide expertise in
motion measurement can also be used outside the automotive industry such
as the medical industry, consumer electronics and high-end industrial
instruments.

VTI produces accelerometer chips and accelerometers and has
manufacturing facilities in Finland and Mexico. The head office and R&D
are located in Finland.

"VTI Hamlin is a well established, high quality company in a fast
growing niche market within automotive industry. The strong market
position in the sensor market, combined with a substantial growth
potential in industrial applications, enables EQT to significantly
develop VTI's business in the future", says Mr Andreas Tallberg, Senior
Partner of EQT Partners, the investment advisor to the Fund.

For further information please contact:

Andreas Tallberg, Senior Partner, EQT Partners Oy + 358 9 6962 4711
Caroline Rosén, Partner, IR & Communications, EQT Partners AB
+46 8 440 53 37


EQT is a group of private equity funds with equity
commitments exceeding EUR 3 billion and is sponsored
by Investor AB, the publicly listed holding company of
the Wallenberg foundations. EQT Partners, acting as
investment advisor to all EQT funds, has offices in
Stockholm, Copenhagen, Helsinki and Munich. The
business concept of EQT is realised by acquiring and
developing high-quality medium sized companies in
Northern Europe. EQT serves as an active owner and
works in close co-operation with the management of the
companies it acquires, to develop and implement value-
enhancing strategies.

www.eqt.se

------------------------------------------------------------
This information was brought to you by Waymaker http://www.waymaker.net
The following files are available for download:
http://www.waymaker.net/bitonline/2002/05/27/20020527BIT00640/wkr0001.doc
http://www.waymaker.net/bitonline/2002/05/27/20020527BIT00640/wkr0002.pdf