Elektrobit Oyj - Company Announcement

EB, ELEKTROBIT CORPORATION, STRENGTHENS ITS POSITION IN THE AUTOMOTIVE INDUSTRY IN FRANCE BY ACQUISITION

PRESS RELEASE
Free for publication on, July 17, 2008 at 16.30 pm. (CET+1)
EB,  ELEKTROBIT  CORPORATION,   STRENGTHENS  ITS   POSITION  IN   THE
AUTOMOTIVE INDUSTRY IN FRANCE BY ACQUISITION

EB, who is  specialized in demanding  embedded software and  hardware
solutions for automotive  and wireless industries,  has acquired  Net
Consulting & Services  S.A.R.L in  France. With  the acquisition,  EB
strengths its  position in  France and  strengthens further  its  ECU
(Electronic Control Unit) software product portfolio.

Net Consulting & Services is specialized in engineering services  and
products for  embedded  networks  in  the  automotive  industry.  The
company offers standard software  clusters, ECU validation tools  and
related engineering  services for  Control  Area Networks  and  Local
Interconnect Networks  within  the  cars.  Headquartered  in  Chatou,
France, the company employs 14  people. Net Consulting & Services  is
established in 1999  and it  counts amongst  its customers  companies
like PSA Peugeot Citroën, Delphi and Valeo."The acquisition  with Net  Consulting  & Services  complements  EB's
on-going customer relationships in the automotive market and provides
EB with key products and competencies in some of the main  automotive
networking  standards",   says   Jarkko  Sairanen,   Executive   Vice
President, from EB."We are  excited  about  this opportunity  and  fully  committed  to
continue and develop the successful cooperation with our customers as
a part of EB. I am really happy  to start working with EB who is  one
of the  leading professionals  in  this business  area and  has  wide
experience and knowledge  in automotive industry",  says Bruno  Abou,
founder of Net Consulting & Services.

The acquisition does not  have a significant  impact on EB's  balance
sheet or result. The parties have agreed not to publish the  purchase
price or other agreement terms.


Further information:

Jarkko Sairanen
Executive Vice President
Tel. +49 9131 7701 6330

Outi Torniainen
Director, Corporate Communications
Tel. +358 40 512 1375


DISTRIBUTION:
Principal media


EB, Elektrobit Corporation
EB creates advanced technology and  turns it into enriching  end-user
experiences. EB  is specialized  in demanding  embedded software  and
hardware solutions for  automotive and wireless  industries. The  net
sales for the year 2007 totaled MEUR 144.3. Elektrobit Corporation is
listed on OMX Nordic Exchange Helsinki. www.elektrobit.com

Net Consulting & Services S.A.R.L
Since  its  foundation  in  1999,  NCS  developed  an  expertise   in
automotive embedded  networks, recognized  in the  French  automotive
market. NCS is  specialized in  the design of  products and  services
aiming  to  support  the  design  and  production  of   communicating
applications in cars.  In this  scope, the  company contracts  either
directly with the OEMs  or with their Tiers1.  The net sales for  the
year 2007 totaled MEUR 0.95. www.net-c-s.com