Eurotech Group Expands its Presence in Western Europe

Eurotech Group acquires French embedded PC maker Erim

AMARO, UDINE (ITALY) AND VENISSIEUX, CEDEX (FRANCE) - 12 OCTOBER 2004 - The Eurotech Group has acquired the French company Erim Sas, a leading supplier of embedded and industrial PC solutions in Europe. The acquisition positions the Eurotech Group as one of the three most important companies in Europe within this field, while enabling the Group to extend its international presence into the well developed French market for transport and defence computing solutions. Financial details were not disclosed at this time.

?Through the acquisition of Erim, the Eurotech Group stakes a strategic market position in France, where healthy growth within the transportation and aerospace sectors is expected to continue,? said President and CEO of Eurotech, Roberto Siagri. ?We believe the integration of our combined products and technologies, together with Erim?s highly talented team will provide the Group with a significant benefit.?

Yves Bourdon, President of Erim, will be responsible for the Group?s operations in France, as well as in the Benelux market (Belgium, Netherlands and Luxembourg). Bourdon expresses great satisfaction with this new relationship with Eurotech.

?Thanks to Eurotech?s takeover, Erim is experiencing an increase in new commercial and market opportunities,? said Bourdon. ?Operating within the Group enables us to expand our product offerings to satisfy nearly every customer demand, while strengthening our ability to acquire and manage large contracts within our strategic sectors.?

ABOUT ERIM
Established in 1981, Erim Sas has become the leading French supplier of embedded and industrial PC solutions. Erim designs and markets a range of standard and semi-custom PC/104 and EBX products under its PC Light brand name. Erim?s has extensive design experience with developing embedded PC technology (BIOS, OS, hardware, etc.) for harsh environments (EMC, temperature, vibration/impact, high reliability). See www.erim.fr for more information.

ABOUT THE EUROTECH GROUP
The Eurotech Group ( www.eurotech.com ) is a global family of technology companies focused on standards-based embedded and high-performance computing solutions. With operations in Europe, North America and Asia, the Group serves the industrial, transportation, defense, aerospace, medical, and research sectors. The Eurotech Group includes Eurotech ( www.eurotech.it ), Parvus Corporation ( www.parvus.com ), Erim (www.erim.fr), Neuricam ( www.neuricam.com ), Exadron ( www.exadron.com ), Ascensit (www.ascensit.com), and IPS ( www.ipssistemi.it ).

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