The Sale of Vaahto Group’s Project Business to Bellmer GmbH has been Completed
VAAHTO GROUP PLC OYJ STOCK EXCHANGE BULLETIN 15.4.2013 at 18:15
THE SALE OF VAAHTO GROUP’S PROJECT BUSINESS TO BELLMER GMBH HAS BEEN COMPLETED
The arrangement announced by Vaahto Group on 16 January 2013 and 27 March 2013 regarding the sale of Vaahto Paper Technology group’s projects business and the spare part and small projects businesses belonging to its services business (the “Business”) to Gebr. Bellmer GmbH Maschinenfabrik of Germany (“Bellmer”) has been completed on 15 April 2013. In connection with the transfer of the Business, personnel relating to the Business, 56 employees in Hollola and 16 employees in Tampere will transfer to Bellmer.
Vaahto Group and Bellmer have in this connection also signed a co-operation agreement that has been entered into between the projects business and Vaahto Paper Technology’s service business. The Vaahto Service business unit produces technological solutions for maintenance services in the paper, board and pulp industries.
Lahti 15 April 2013
VAAHTO GROUP PLC OYJ
Board of Directors
Reijo Järvinen, Chairman of the Board, Vaahto Group Plc Oyj +358 400 715968
Ari Viinikkala, CEO, Vaahto Group Plc Oyj +358 400 127664