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2010-01-08 16:30:00 CET 2010-01-08 16:30:01 CET REGULATED INFORMATION Revenio Group Oyj - Company AnnouncementREVENIO GROUP CORPORATION DEMERGES LOGISTICS SOFTWARE UNITRevenio Group Corporation Stock Exchange Release, 08.01.10, 17:30 hrs REVENIO GROUP CORPORATION DEMERGES LOGISTICS SOFTWARE UNIT The Boards of Revenio Group Corporation and Done Logistics Oy have decided on the partial demerger of Done Logistics, whereby its Software profit center will be hived off to form a separate company, from around 30 April, 2010. Done Logistics Oy currently comprises two independent profit centers. Through the demerger, the operations of the Logistics Software unit will transfer to the newly established company, Done Software Solutions Oy. Logistics Systems' operations will remain within the current Done Logistics Oy. The demerger will boost the efficiency of the profit centers, which formerly functioned independently. Both of the resulting companies will thereby be presented with the opportunity to develop their own businesses independently, and thus provide Revenio's partners with even better solutions and services. Wherever mutual cooperation will best meet the needs of the above partners, the companies will continue to produce joint systems and services. Pekka Soini (47) M.Sc. (Eng.), who has headed the Systems unit since 1 March, 2003, has been appointed CEO of the new Done Logistics Oy from 30 April, 2010, having worked for Done Logistics since 1994. With effect from the same date, Ari Suominen (47) M.Sc. (Eng.) has been appointed CEO of Done Software Solutions Oy. Ari has led the Logistics Software unit since 22 February, 2002, having also joined Done Logistics Oy in 1994. Revenio Group Corporation Olli-Pekka Salovaara President and CEO For further information, please contact: Olli-Pekka Salovaara, President and CEO, gsm +358 040-5675520 olli-pekka.salovaara@revenio.fi http://www.revenio.fi DISTRIBUTION: NASDAQ OMX Helsinki Financial Supervisory Authority (FIN-FSA) Key media www.revenio.fi Revenio Group Corporation, the parent company of the Finnish conglomerate Revenio Group, is listed on the NASDAQ OMX Helsinki. Revenio's subsidiaries share a focus on Finnish specialist expertise and export-based operations. Revenio Group consists of six independent subsidiaries in five business segments. These subsidiaries are Done Information Oy, Done Logistics Oy, Icare Finland Oy, Boomeranger Boats Oy, Finnish Led-Signs Oy and Midas Touch Oy. |
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