Itella Oyj - Company Announcement

Finnish Competition Authority approves Itella and VR’s business purchase agreement

Stock Exchange release, Itella Corporation 23.8.2012, 10:30 EET

On May 29, 2012, Itella announced a business purchase agreement in relation to
the purchase of VR Transpoint's groupage logistics business in Finland and also
the entire share capital of PT Logistiikka Oy. The business purchase agreement
was signed on July, 31, 2012. 

Today, the Finnish Competition Authority has approved the business purchase.
The aim is to finalize the acquisition on October 1, 2012. 

Further information:

Jukka Alho, Itella, President and CEO, tel: +358 20 452 3366 (Itella MediaDesk)
Mikael Aro, VR Group, President and CEO, tel: +358 30 720 000



Itella Logistics

Itella Logistics, part of Itella Group, supports and develops the business of
its customer companies by providing them with service logistics solutions for
road, sea and air freight, warehousing and other contract logistics. Customers
may outsource an individual element of their logistics process, or even their
entire supply chain, to us. Itella Logistics has operations in eight countries
(Finland, Sweden, Denmark, Norway, Latvia, Lithuania, Estonia and Russia). The
company provides global services through its partners. The net sales of Itella
Logistics was in 2011 MEUR 732 and it employed 7,100 persons.
www.itella.com/logistics. 


VR Group

VR Group is a versatile, environmentally friendly and responsible travel,
logistics and infrastructure construction service company. VR Group provides
employment for 11,500 professionals in Finland and ten European countries.