|
|||
2008-07-11 09:00:00 CEST 2008-07-11 09:00:00 CEST REGULATED INFORMATION Panostaja Oyj - Company AnnouncementPANOSTAJA STRENGTHENS ITS ENVIRONMENTAL TECHNOLOGY BUSINESS AREA WITH PURCHASE OF KOSPA OYPanostaja Oyj Stock Exchange Bulletin 11.7.2008 10.00 am PANOSTAJA STRENGTHENS ITS ENVIRONMENTAL TECHNOLOGY BUSINESS AREA WITH PURCHASE OF KOSPA OY Panostaja Oyj today signed a deal to acquire the entire share capital of Kospa Oy, the manufacturer of waste disposal equipment. The purchase means that Panostaja will expand its business area specialising in environmental technology based around the EcoSir Oy business operation, which it acquired on 2 May 2008. Kospa was established in 1987. Its core skills and know-how are waste compactors, waste collection hoppers and waste transfer stations. The company's turnover last financial year stood at around EUR 3 million and it had a staff of 20. The company is based at Marttila. Kospa makes waste compactors for the Nordic countries, Russia, the UK and the Far East. Exports account for about one third of the company's turnover. Panostaja Oyj Juha Sarsama CEO Further information is available from: Juha Sarsama, CEO, on (tel.) 040 774 2099 Panostaja Oyj invests in Finnish small and medium-sized enterprises operating in traditional industries. Investments are mostly carried out through acquisitions. The Panostaja Group invests business resources and strategic know-how in companies. The objective is to raise the status of the target company to become a major player in its field, after which the enterprise continues to operate as an independent growth company. Turnover for the Panostaja Group in the financial year 2007 was EUR 90.8 million. The Group operates in 14 business areas. |
|||
|