Brief: Precise Biometrics reorganizes operations, to establish new office in Shanghai

Precise Biometrics AB

05/11/2018 08:03

Nov 5 (Reuters) - Precise Biometrics AB  PREC.ST :
    * PLANS TO RE-ORGANIZE OPERATIONS TO IMPROVE CUSTOMER
SERVICE AND
ENABLE GROWTH IN NEW AREAS OF USE
    * SAYS AS PART OF THIS PLANNED RE-ORGANIZATION, COMPANY WILL
ESTABLISH A NEW OFFICE IN SHANGHAI DURING FIRST HALF OF 2019 AND
INTENDS TO CENTRALIZE OPERATIONS IN SWEDEN TO HEADQUARTER IN
LUND, CLOSING OFFICE IN KARLSTAD
    * SAYS COMPANY DOES NOT EXPECT REORGANIZATION TO ENTAIL ANY
SIGNIFICANT ONE-OFF COSTS
    * SAYS FOLLOWING COMPLETION, PLANNED REORGANIZATION IS
EXPECTED TO
RESULT IN COST SAVINGS STARTING IN 2019

Source text for Eikon:  ID:nWkrpJrMD 
Further company coverage:  PREC.ST 

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