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IT Energy AS & AddNode AB	Update Date: 10/17/08
Date Announced: 08/15/08
Value (million $USD): n/a

Status: Pending

TRANSACTION DETAILS
Date Announced	08/15/08
Date Originally Announced	08/15/08
Format	Merger	Acquisition techniques	Not Applicable
Attitude	Friendly	Agency	n/a
Value	n/a	Advisor Fees	n/a

SYNOPSIS
NORWAY - AddNode AB of Sweden agreed to acquire IT Energy AS, a Sandnes-based provider of consulting services. Terms were not disclosed.

TARGET
Name	IT Energy AS
Industries	Data processing schools; Computer programming services
City	Sandnes
State	n/a
Nation	Norway
Incorporated in	n/a
Public Status	Private
Business Description	IT Energy AS, located in Sandnes, Norway, provides consulting services within construction, drawing, 3D modeling and visualization to the oil industry.
Advisors	NULL
Target Sales	n/a

ACQUIROR
Name	AddNode AB (Stockholm : ANOD B)
Industries	Computer integrated systems design
City	Stockholm
State	n/a
Nation	Sweden
Incorporated in	n/a
Public Status	Public
Business Description	AddNode AB, located in Stockholm, provides Internet-related consulting services, which include maintenance and support of hardware, computer systems, and infrastructure within the daily newspaper business. The company is involved in education of media production and also wholesales computer software and hardware. It has four main business areas: Media, Technology, Financial and Industrial. The company's primary market is the Nordic region.
Advisors	NULL
Acquiror Sales	142.1 million U.S. Dollar 853.8 million Swedish Krona

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