The Anglo-Saxon market comprises the US, UK and Ireland. In US/UK/Ireland, Niscayah's customers are principally within banks and financial institutions, health care.

BACKGROUND

Historically, the market has been dominated by major product companies where local operators were responsible for the installation to the end-customer. With the acquisitions of Bell (2004) and Hamilton Pacific (2005), Niscayah started its expansion in the market and currently the Company has a market share of 1 percent. Through the acquisitions, the Group has gained a strong position within the banking segment in particular.

US/UK/Ireland follows the same margin curve as Mainland Europe which means that the market is estimated to reach the same level as Mainland Europe when the business model is fully implemented in the market. Traditionally, customers in the US do not sign long service agreements with their suppliers but the suppliers are evaluated regularly. It means that at the present Niscayah does not have the same proportion of service contracts in the US market as in Europe.

FOCUS 2008

• Improved profitability
• Broaden the customer base in the UK.
• Strengthen the service organization.
• Develop a uniform service offering.
• Complementary acquisitions.

SIGNIFICANT EVENTS 2007

• Profitability development.
• Increased service concepts.
• The integration of Hamilton Pacific is continuing.
   

SIGNIFICANT EVENTS 2006

• As from the fourth quarter Hamilton Pacific is included in the organic sales growth.
• Acquisition of Premier System Solutions in Florida which is a market leader in Tampa.
• New offices in California and Texas.
• Hamilton Pacific wins new contracts with several of the major banks in the US.
• New contracts within the health care, petrochemical and retail sectors.
• Organic growth increase.