Vaahto Group Plc Oyj - Company Announcement

VAAHTO GROUP HAS MADE AN AGREEMENT TO SELL SERVICE BUSINESS

Helsinki, Finland, 2014-09-03 08:30 CEST (GLOBE NEWSWIRE) -- VAAHTO GROUP PLC
OYJ STOCK EXCHANGE RELEASE 3.9.2014 at 09.30 

VAAHTO GROUP HAS MADE AN AGREEMENT TO SELL SERVICE BUSINESS

According to its new strategy, Vaahto Group focuses on Process Technology
business. In February 2014, Vaahto Group Plc Oyj announced to divest or
discontinue operations of the unprofitable Paper Technology business in its
entirety. 

As a result of the strategic alignment Vaahto Paper Technology Ltd, subsidiary
of Vaahto Group Plc Oyj, has on 2 September 2014 made an agreement for the sale
of the Service business, belonging to Paper Technology -segment, to a company
to be incorporated by a group of investors represented by Antti Vaahto. 

The aim of the parties is to negotiate the final terms of the transaction no
later than on 16 September 2014. 

The Service business has accumulated annual revenues of 4-7 million euros
during the last years, with low profitability. The business unit employs
approximately 45 persons in Tampere. 

The selling of the business is expected to improve cash flow of the Vaahto
Group for the fiscal year 2014 as well as to implement the strategy outlined by
the Board of Directors. 

Vaahto Group is a globally operating high technology company serving process
industry. 



In Lahti on 3 September 2014

VAAHTO GROUP PLC OYJ

Board of Directors






         Additional information:
         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