As a result of the growth in Central Europe and the increasing investment of multinational producers in the coming EU countries, FlexLink has established a sales company in Prague. The primary target is to serve international customers within the electronic and automotive industries.

FlexLink successfully operates newly formed sales companies in Poland and Hungary, and is now strengthening its presence in the Czech Republic, which has an industrial tradition and a high technical competence.

"Our strategy of following multinational companies to the countries where they choose to produce has proven to be very successful. We also expect to reach a significant customer base among domestic producers and sub-suppliers in the growing Czech market", says Fredrik Jönsson, CEO, FlexLink.

Up to now, Czech customers have been served by FlexLink units in Western Europe.
The new company,which was established at the beginning of November, adds local competence, customer relations and service. Larger projects will be handled with support from FlexLink units in Poland, Hungary and Germany.

"We have been working in the Czech Republic for several years and see that we can grow faster through a local presence. That is why we invest in our own sales company with local competence and responsibility. We already know that our offer as a supplier of complete automated assembly lines will simplify the activities for our customers there", says Peter Nauwerck, Director, Central and Eastern Europe.

During the last two years, FlexLink has also established companies in Brazil, Hungary, Belgium, Malaysia and Spain.

FlexLink started in 1980 and is a leading global supplier of innovative automation solutions for assembly and manufacturing industries. FlexLink, based in Göteborg, Sweden employs 550 people in 23 companies and is represented in 50 countries. In 2001, group turnover was 139 million euros.

Göteborg, November 14, 2002

FlexLink AB

For further information, please contact:

Fredrik Jönsson
CEO
+46-31-337 1626
+46-705-17 1626 

Mats Nilsson
Corporate Communication
+46-31-337 1220
+46-703-77 1220

FlexLink AB, 415 50 Göteborg. 
+46-31-337 3100
Fax +46-31-337 2233