03 November 2009

The Management Exits its investment ENERGYfront AS

STOCKHOLM, SWEDEN, Nov 3, 2009 - The Management AB, today announced the Exit of its fully owned company, ENERGYfront AS, in an all share transaction to EG A/S, a fully owned Nordic Capital company - a leader in the Nordic private equity market.

ENERGYfront is providing software for the Energy/AMR market, metering- and customer service (CIS) solutions. The main key clients are within the power sector.

The terms of the agreement are confidential.

"We saw the investment to be more long term than short. There are no silver bullets and after we acquired the business we immediately started to carve out a new strategy for the business to enable us to be on a growth path for the years to come. We couldn't approach it better and we couldn't get a more experienced owner to the business in the near future as we got early with EG Utility, them being one of the most significant players in the Nordic territory and also being on a growth path on the Norwegian market where ENERGYfront was the third largest actor," said Mr. Anders Rudlang, CEO and Mr. Anders Sagadin, Chairman, ENERGYfront.

About ENERGYfront AS:
ENERGYfront is based in Trondheim, Norway. The company is a fully owned subsidiary of The Management AB, Sweden. ENERGYfront is specializing in Customer Information Systems, CIS for the energy & utility industry.

About EG Utility:
EG Utility is the energy & utility branch of the Danish based EG corporation.
EG A/S is a software & services company with more than 900 employees and with an annual turnaround of approx. EUR 150 million.


For more information, please contact:

Anders Sagadin or Anders Rudlang, The Management AB.

anders.sagadin@themanagement.com, Phone +46 8 410 064 70
anders.rudlang@themanagement.com, Phone +47 90 05 80 20

The Management AB, a Venture Management Corporation with its primarily focus in the Software Industry, takes positions through Interim Management roles or via direct investments in turn-around prospects to utilize on its immense experience from decades of successful management and deep understanding of the Industry and deep cross-cultural awareness.

The Management Exits its investment ENERGYfront AS (pdf)