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2013-04-22 08:00:00 CEST 2013-04-22 08:02:05 CEST SÄÄNNELTY TIETO BasWare - Company AnnouncementBasware divests Cashier Desk business for Finnish municipal and public sector to CPUBasware Corporation, stock exchange release, April 22, 2013, at 09:00 Basware divests Cashier Desk business for Finnish municipal and public sector to CPU Basware's Cashier Desk service (Palvelukassa), mainly used by municipalities and the public sector in Finland, has been divested to the Finnish company Computer Program Unit Oy ("CPU"). Payment terminals used at municipal and public sector branches are the visible part of the service to the residents of municipalities and consumers. The divestment of the Cashier Desk business does not result in changes to the customers, and the maintenance and development of the service will continue by CPU, a specialist in such services. The total value of the divested business, including the Cashier Desk business operations, customer accounts and all related technology, is EUR 1.54 million. No employees will be transferred in connection with the divestment. CPU has paid a lump sum of EUR 940,000 to Basware in connection with the closing of the deal. The second installment of EUR 600,000 will be paid to Basware by the end of February 2014. The Cashier Desk business operations generated approximately EUR 650,000 of net sales to Basware in 2012."Basware has invested strongly in international growth in recent years and aimed to focus its operations on Purchase to Pay and e-invoicing business. Therefore, we are satisfied that our domestic Cashier Desk service will be carried on by a company specializing on corresponding services for the municipal and public sector, CPU. Most importantly, there will be no changes to the service provided to our customers, and the development of the service will continue by CPU's specialist team", says Esa Tihilä, CEO, Basware Corporation. For more information, please contact: Esa Tihilä, CEO, Basware Corporation Tel. +358 40 480 7098 Distribution: NASDAQ OMX Helsinki Ltd Main media www.basware.com [HUG#1694672] |
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