Auburn Hills, Mich. (PROTEXT) - MSX International Inc. has
increased its investment in its Germany-based engineering service
partnership with CADFORM Engineering GmbH.
The new investment has been accomplished through an internal
restructuring of CADFORM and MSX International resources in
Russelsheim and Sindelfingen. MSX International acquired its
initial equity interest in CADFORM in January 1999. This most
recent step reflects MSX International's continuing commitment to
provide a comprehensive range of engineering services to global
automotive customers.
Under the terms of the new investment, MSX International has
become the largest single shareholder in the company. MSX
International's offices in Russelsheim and Sindelfingen are being
integrated with CADFORM resources under the leadership of the two
managing directors of CADFORM, Volker Wagner and Ludwig Leissing.
"We are pleased to provide the global reach and resources of
MSX International in support of our customers," said Ludwig
Leissing, one of CADFORM's two managing directors. "Based on this
strengthened relationship with MSX International, we expect to
expand our range of products and service areas in Germany. One of
our first actions will be to develop our new identity as
Cadform/MSX Engineering GmbH."
"The engineering capabilities of CADFORM's people are well-
respected in the German automotive industry," added John Risk,
President of the Engineering Services Division of MSX
International. "We view this action as a demonstration of our
resolve to provide superior support and service to our automotive
customers on a worldwide basis."
CADFORM Engineering, headquartered in Homberg/Ohm, generates
85% of its sales revenue in the automotive industry, mainly in
the sectors of product development and mold construction. The
complete development potential ranges from full interiors to
complex aluminum die-cast parts.
MSX International is a leading, global provider of technology-
driven business, engineering, and specialized staffing services.
MSX International's services enable customers to significantly
improve their business performance by adding value and helping
them to achieve a competitive advantage.
With annual sales exceeding $1 billion, MSX International
employs more than 12,000 professional staff and contract
personnel at over 60 operating locations in 23 countries
worldwide. MSX International offers its customers a wide range of
technology-driven services, both on-site and off-site, including
product engineering and manufacturing engineering; contract and
temporary staffing; training; purchasing support; marketing
support; electronic document and information storage and
retrieval; process improvement consulting; and web and
information technology services.
This document contains statements that constitute "forward-
looking statements" within the meaning of the Private Securities
Litigation Reform Act of 1995. Such forward-looking statements
are not guarantees of future performance and involve significant
risks and uncertainties. Actual results may vary materially from
those in the forward-looking statements as a result of any number
of factors, many of which are beyond the control of management.
These important factors are discussed in MSX International's
filings with the Securities and Exchange Commission.
MSX International's headquarters is in Auburn Hills, Michigan.
Visit MSX International's Web site at
http://www.msxi.com . MSX
International's news releases are also available at
http://www.prnewswire.com ots Original Text Service: MSX
International Inc. Internet:
http://www.newsaktuell.de Contact:
Germany: Markus Lang of CADFORM, +49-0-66-339-773-21,
lang.m@cadform.com; Germany: Sergio Wechsler, +49-0-17-296-632-
74,
swechsler@msxi.com, or United States: Bruce Wagner, 248-844-
4129,
bwagner@msxi.com, both of MSX International Inc. Web site:
http://www.msxi.com
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