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2019-06-03 13:05 CEST
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Plc Uutechnic Group Oyj: Uutechnic Group has Sold AP-Tela Oy and Focuses on Mixing Technology

PLC UUTECHNIC GROUP OYJ INSIDE INFORMATION June 3, 2019 at 14:05

Uutechnic Group has Sold AP-Tela Oy and Focuses on Mixing Technology

Plc Uutechnic Group Oyj has sold the share capital of AP-Tela Oy in Kokkola with the price of EUR 3.5 million to a Finnish engineering workshop, who will inform about the acquisition later. The price was fully paid in the transaction. The effect of the transaction on the Group's equity and profit is approximately EUR -0,3 million. AP-Tela Oy's turnover for the last financial year was approximately EUR 5.9 million and the company has 30 employees.

This transaction is part of the Uutechnic Group's strategy of focusing on Mixing Technology. From now on Group includes the parent company Plc Uutechnic Group Oyj, Uutechnic Oy in Uusikaupunki Finland and Stelzer Rühtechnik International GmbH in Warburg Germany. Uutechnic Group will publish a half year report on July 31, 2019.

Uusikaupunki, June 3, 2019

PLC UUTECHNIC GROUP OYJ

Board of Directors

 

Further information: Jouko Peräaho, CEO Plc Uutechnic Group Oyj, +358 500 740 808

www.uutechnicgroup.fi

 

Uutechnic Group is focused on improving the competitiveness of its customers by providing them advanced equipment technology and unique service concept worldwide in the field of mixing technology.

The main industries are hydrometallurgy, mining-, pulp and paper-, food-, fertilizer-, other chemical industries and environmental technology.

Plc Uutechnic Group's subsidiaries are Uutechnic Oy and Stelzer Rührtechnik International GmbH.

HUG#2245526