Glaston Oyj Abp - Company Announcement

Glaston sells its Software Solutions Business Area to Constellation Software

Helsinki, Finland, 2012-11-12 15:30 CET (GLOBE NEWSWIRE) -- GLASTON CORPORATION
STOCK EXCHANGE RELEASE 12 November 2012 at 16.30 (EET) 


Glaston sells its Software Solutions Business Area to Constellation Software

Glaston Corporation and Constellation Software Inc., acting through its wholly
owned subsidiary Friedman Corporation, have today signed a definite and binding
agreement for the sale of 100% of the shares in Albat+Wirsam Software GmbH
(”A+W”). The value of the deal is estimated at EUR 18 million and it will be
finalized upon closing of the transaction. As per agreement, part of the
purchase consideration is contingent. 

A+W is the global market leader in software for the flat glass industry.
Headquartered in Linden (Rhine-Main area), Germany, A+W develops and markets
ERP, production planning and scheduling, and optimization software solutions
for the glass, window, door, and curtain-wall industries. "The transaction, when completed, will benefit both Glaston and Albat+Wirsam as
both parties can put more strategic focus on their core businesses. For Glaston
this means glass processing machinery and related services. Albat+Wirsam, on
the other hand, can focus on growth as part of a bigger software group”, said
Arto Metsänen, CEO & President of Glaston Corporation. 

As a result of the purchase, the A+W business will become part of
Constellation's Friedman Operating Group.  A+W will operate as an independent
division of Friedman, and will continue to develop, enhance, and market their
glass and fenestration industry software solutions world-wide. Mark Thompson,
Chief Executive Officer of the Friedman Operating Group, commented, "the
acquisition of Albat+Wirsam complements the Friedman Operating Group's markets
and product portfolio. The Albat+Wirsam product offering will enable us to
further grow our already-strong presence in the glass, fenestration, and
building-products industries."

Glaston Corporation acquired Albat+Wirsam Software Group in July 2007 and it
has operated as a business area within Glaston Group. The net sales for the
Software Solutions' business area for the period January-June 2012 was EUR 10.7
(12.2) million. Operating result excluding non-recurring items was EUR 1.1
(1.3) million and the business area employed approximately 190 persons. 

Closing of the agreement is subject to customary closing conditions including a
competition review by the German Federal Cartel Office which is expected to be
completed by the end of 2012, at which time ownership of A+W will transfer to
Constellation. 


For further information, please contact:
Arto Metsänen, CEO and President, Glaston Corporation, Tel. +358 10 500 500
Taina Tirkkonen, General Counsel, Glaston Corporation, Tel. +358 10 500 500

John Billowits, Chief Financial Officer, Constellation Software Inc. Tel: +1
(416) 861-2279 




GLASTON CORPORATION
Agneta Selroos
Director, Communications and Marketing

Distribution: NASDAQ OMX, key media, www.glaston.net





Glaston Corporation
Glaston is a global company developing glass processing technology for
architectural, solar, appliance and automotive applications. Our portfolio
ranges from pre-processing and safety glass machines to software solutions and
services. We are dedicated to our customers' continued success and provide
services for all glass processing needs with a lifecycle-long commitment in
mind. For more information, please visit www.glaston.net. 
Glaston's share (GLA1V) is listed on the NASDAQ OMX Helsinki Small Cap List.


Constellation Software Inc.
Constellation's common shares are listed in Canada on the Toronto Stock
Exchange under the symbol "CSU". Constellation Software is an international
provider of market leading software and services to a number of industries
across both the public and private sectors.  Constellation acquires, manages
and builds vertical market software businesses that provide mission-critical
software solutions to address the industry specific needs of its customers. For
more information, please visit www.csisoftware.com. 

Friedman Corporation
Friedman Corporation is a wholly owned subsidiary of Constellation Software
Inc.  Friedman Corporation is headquartered in Deerfield, IL, USA and is a
wholly-owned subsidiary of Constellation Software. Friedman Corporation
specializes in complete ERP solutions for manufacturers and distributors of"make to order" and "engineer to order" products in the building products,
capital equipment, and automotive sectors. The Friedman Operating group also
has a complementary portfolio of software offerings for transportation
management, material optimization, supply-chain management, multi-channel
merchandising and direct-to-consumer distribution.