Eleco PLC Reorganisation of Swedish software & service ops

TIDMELCO

Eleco PLC

04 November 2014

For immediate release

4 November 2014

ELECO plc

("ELECO")

Reorganisation of ELECO's Swedish software and service operations

Anders Karlsson appointed Managing Director of Consultec Byggprogram AB

ELECO announces the reorganisation of its Swedish software and service businesses to align them more closely with the requirements of their customers. The reorganisation will involve the consolidation of Consultec's software businesses into Consultec Byggprogram AB, and its architectural and construction service businesses into Consultec Arkitekter & Konstruktörer AB. The proposed realignment will result in improved co-ordination, flexibility and efficiency by enabling colleagues in similar disciplines to work more closely together.

Anders Karlsson has been appointed Managing Director of Consultec Byggprogram AB, and Allan Forslund will continue as Managing Director of Consultec Arkitekter & Konstruktörer AB. Anders Karlsson was formerly Managing Director of Consultec Byggprogram between 2005 and 2010.

John Ketteley, Executive Chairman of ELECO commented, "As a consequence of Anders Karlsson's earlier successful time with Consultec Byggprogram, he brings with him a considerable in-depth knowledge of the business which will again benefit from his experience in sales and marketing, as well as from his strong analytical and strategic approach to business. I am delighted that he has agreed to join us once more as a key member of our management team and that Allan Forslund, as Managing Director of Consultec Arkitekter & Konstruktörer's expanded services business, will also continue as a key member of the management team."

Anders Karlsson, added, "My appointment is both a happy reunion and an exciting new beginning. With Consultec's new clarity of focus based on two divisions, software and services, I believe we will deliver greater benefit to our customers and will better and more firmly position ourselves as leaders in our chosen markets."

- ENDS -

 
 For enquiries please contact: 
 
 ELECO plc                       http://www.eleco.com 
 Jonathan Hunter, General        Tel: 0207 422 0044 
  Manager - Group Marketing 
 
 Peckwater PR 
 Tarquin Edwards                 Tel: 07879 458 364 
                                  / 0207 808 7340 
 
 Cenkos Securities plc 
 Nicholas Wells / Callum         Tel: 0207 397 8900 
  Davidson

Notes to Editors

About ELECO

ELECO provides software and services to the architectural, engineering and construction industries. The group is based principally in Sweden, Germany and the UK and has a broad portfolio covering project management, construction, timber engineering and design, 3D visualisation and marketing sectors of the construction industry.

ELECO plc is listed on the Alternative Investment Market (AIM:ELCO).

This information is provided by RNS

The company news service from the London Stock Exchange

END

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