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February 28, 1988

ERICSSON COMPLETES THE SALE OF FACIT AB TO NORWEGIAN INTERESTS

By CBR Staff Writer

L M Ericsson AB has completed the previously announced sale of its office equipment and peripherals supplier Facit AB to Norwegian interests for an undisclosed sum (CI No 794): majority owner is now Norwegian office furniture and fittings maker Design Funktion KS and its Swedish subsidiary Design Funktion AB; Facit will continue to collaborate on research and development with Ericsson – and presumably with the new Nokia Data firm.

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