Reference is made to statement to Oslo Stock Exchange 02 November 2007 regarding letter of intent concerning acquisition of all shares in Wellquip Holding AS (Wellquip) in Kristiansand, Norway at a price of NOK 70m plus an 'earn-out of NOK 20m, depending on the company's development during 2008 and 2009.
TTS has now conducted a due diligence review of the company, which was successful. TTS' (Sense EDM AS) take-over of Wellquip will be made effective as of medio January 2008.
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