DENMARK: US SOFTWARE GIANT PTC TO EXPAND

Article Abstract:

The US software giant Parametric Technology Corp. (PTC) is ready to expand on the Danish market through its subsidiary Parametric Technology Denmark A/S. Its turnover has increased from DKr 5 million in 1995 to DKr 27 million (US$ 3.86 mn) at the end of 1998. Over the next five years, PTD A/S expects an annual 70 percent growth. In particular, MD Peter James van Hauen says a very strong growth in intelligent production control systems is expected. PTC's main business sector is development and marketing of software for product development and information.

Computer Software, Software Publishers, Strategy & planning, Denmark, Software, Parametric Technology Corp.

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SWEDEN: TELE DANMARK ACQUIRES INTERNORDIA

Article Abstract:

Internordia, the Swedish supplier of datacoms and telecoms equipment, is now 100% owned by Tele Danmark, the Danish telecom. Until now, the company has been 50% owned by Tele Danmark and Telenor, the Norwegian telecom, respectively. Telenor's 50% stake has been acquired for SEK 74mn (USD 9mn).

Telephone Apparatus Manufacturing, Asset sales & divestitures, Sweden, Communications Equipment Manufacturing, Communications Equipment, Data Communications Equip, Telecommunications equipment, Tele Danmark Datacom, Data communications equipment, Telenor A/S

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