Componenta - Company Announcement

Componenta signed an agreement to sell its pistons business

Componenta Corporation Stock Exchange Release on 29 July 2016 at 15.30

Componenta Corporation announced on 24 March 2016 that as part of the company’s
financial solution it is surveying the divestment of its non-core business
units and negotiating the divestment of the Componenta Pistons unit that
manufactures pistons and is located in Pietarsaari, Finland. 

Componenta Corporation has today signed an agreement relating to the sale of
the Pistons unit with Koncentra Pistons Oy, a wholly owned subsidiary of
Koncentra Verkstad AB. The closing of the transaction is conditional and
requires, among other things, that purchaser completes its financing
arrangement. 

Parties’ objective is to finalize the transaction within the next weeks.

Componenta Pistons offers piston solutions to leading medium speed diesel
engine manufacturers, applying state-of-the-art R&D methods and modern
production technology. Pistons is located in Pietarsaari, Finland and employs
some 40 people. Pistons net sales in 2015 was EUR 6 million. The divestment
will not have a material impact on Componenta Group’s result or financial
position. 



Helsinki, 29 July 2016

COMPONENTA CORPORATION


Harri Suutari
President and CEO



For further information, please contact:

Harri Suutari
President and CEO
tel. +358 400 384 937

Markku Honkasalo
CFO
tel. +358 10 403 2710



Componenta is a metal sector company with international operations and
production plants located in Finland, Turkey, the Netherlands and Sweden. The
net sales of Componenta were EUR 495 million in 2015 and its share is listed on
Nasdaq Helsinki. The Group employs approx. 4,250 people. Componenta specializes
in supplying cast and machined components and total solutions made of them to
its global customers, who are manufacturers of vehicles, machines and
equipment.