Addnode Group Renews Agreement with Leading Swedish Engineering Consultancy Company, Worth SEK 31 Million

Regulatory News:

Addnode (STO:ANODB)

Cad-Q, a subsidiary of Addnode Group, the leading supplier of model- and drawing related IT in the Nordics has both renewed and expanded the agreement with one of Sweden’s largest engineering consultancy companies. The three year agreement has a total order value of SEK 31 million.

The engineering consulting company is engaged in development within the fields of energy, industry and infrastructure and has a presence in over 30 countries worldwide. The company has chosen to both extend and expand the agreement with one of Addnode Group’s subsidiaries, Cad-Q, which is the leading supplier of model- and drawing related IT in the Nordics. The agreement covers the Autodesk product platform with additional products and includes software, license management, education and services.

- This is a prestigious assigment and we are happy and proud that they have given us a renewed confidence over a span of three years. This is further proof that our offering fits the markets demand of these type of products and services, said Jens Kollserud, CEO of Cad-Q.

Om Addnode Group

Addnode Group offers operation-critical IT-solutions to selected markets within both private and public sectors. We acquire, build and develop companies that deliver operation-critical IT solutions for specific needs from our customers. Every day, 500,000 engineers use our systems to develop and maintain products, buildings and installations. 100,000 employees in the public sector use our solutions for municipal and government management. We have 1,150 employees in Sweden, Austria, Denmark, Finland, Germany, India, Norway, Slovakia, the UK and the US and Serbia. Net sales in 2014 amounted to SEK 1,599 M. Addnode Group's Series B share is listed on the Nasdaq Stockholm, Small Cap. For more information, please visit www.addnodegroup.com

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