The sale of Vaahto Group’s Service business has been completed
VAAHTO GROUP PLC OYJ STOCK EXCHANGE RELEASE 26.9.2014 at 16.00
THE SALE OF VAAHTO GROUP’S SERVICE BUSINESS HAS BEEN COMPLETED
Vaahto Group has made an announcement on 3 September 2014 of the sale of the Service business of Vaahto Paper Technology Ltd to a company to be incorporated by a group of investors represented by Antti Vaahto.
The sale of the business has been completed on 26 September 2014. Vaahto Paper Technology’s 47 employees in Tampere will transfer to the new employer in the sale of the business.
Along with the changes in strategy Vaahto Group focuses on Process Technology business. By the selling of the Service business, Vaahto Group is implementing the new strategy outlined by the Board of Directors. The sale also improves cash flow of the company for the fiscal year 2014.
In Lahti on 26 September 2014
VAAHTO GROUP PLC OYJ
Board of Directors
Reijo Järvinen, Chairman of the Board of Directors, Vaahto Group Plc Oyj, +358 400 715968
Topi Karppanen, CEO, Vaahto Group Plc Oyj, +358 40 5001957