Agreement has been reached between FlexLink and TOPS Conveyor Systems, Inc., of Burlington, Ontario, covering the acquisition by FlexLink of all shares, effective May 31. The new company will operate as FlexLink Systems Canada, Inc. TOPS Conveyor Systems employs 30 people and net sales were $7.4 million USD in 2005.

The acquisition follows FlexLink’s growth strategy in the production logistics field by increasing geographical presence. TOPS is the leading  conveyor system supplier in Canada and provides solid knowledge in general application technology and  has a well developed customer base. The new company will be the base  for continued growth in the Canadian market as the FlexLink activity range will provide access to new customer groups. The acquisition is subject to approval by the authorities

“This development is beneficial to our customers as we now can offer direct access to the worldwide FlexLink experience base, to complement the most comprehensive product range in the marketplace. Many of our Canadian customers are operating internationally and they can look forward to state of the art production logistics solutions and consistent global service,” says Marcus Verbrug ge, Managing Director of TOPS Conveyor Systems.

“We are very satisfied t o  reach this agreement with TOPS, as it provides a solid platf orm for further g rowth. Industrial investment is expected to remain on a healthy level  in Canada in the coming period and we see growth opportunities in new segments as well as for geographical expansion within Canada,” says Mattias Perjos, CEO of  FlexLink.    

FlexLink is a leading global supplier of automation solutions to assembly and manufacturing industries. Based in Göteborg, Sweden, FlexLink employs 560 people and operates 23 international companies with representatives in 60 countries.  In 2005, Group turnover was $154 MUSD.

For further information, please contact:

Göteborg
Paul Jarossy
Director of Marketing
PH: 610-973-8230
FX: 610-973-8345
paul.jarossy@flexlink.com

FlexLink Group
Mats Nilsson
Corporate Communication
PH: +46-31-337 1220
FX: +46-703-77 1220
mats.nilsson@flexlink.com

FlexLink Systems Inc. 6580 Snowdrift Rd. Allentown, PA 18106 Phone 610-973-8200 www.flexlink.com