Revenio Group Oyj - Company Announcement

REVENIO GROUP CORPORATION TO SELL ITS SUBSIDIARY DONE INFORMATION OY

REVENIO GROUP CORPORATION TO SELL ITS SUBSIDIARY DONE INFORMATION OY

Helsinki, 2011-07-19 11:24 CEST (GLOBE NEWSWIRE) -- Revenio Group Oyj has today
sold its Service-Segment subsidiary Done Information Oy to Semantix Lingua
Nordica Oy a part of Swedish conglomerate Semantix Corporation by MEUR 2,5. As
a result of the transaction, Revenio Group Corporation will record a
non-recurring capital gain of approximately EUR 1,5 million in its third
quarter 2011 result. MEUR 2,2 of the sale price was paid in cash upon closing.
Deferred payment of MEUR 0,3 will be paid in 2012 after the certain earn out
-terms specified in the shares purchase agreement will be fulfilled. The sold
company will be consolidated in Revenio Group Corporation's group figures until
30 June 2011. 

The net sales of Done Information Oy in 2010 totaled MEUR 3,6 and profit margin
MEUR 0,2. The transaction does not have an impact on Revenio Group's financial
guidance for 2011. 

Olli-Pekka Salovaara, President and CEO, comments the transaction at signing as
follows: 

“In our history as a company with diversified activities we have been able to
deploy our business mainly by organic growth. The strategy has proved to be
successful as businesses in company portfolio have shown significant positive
development during past few years. Our company structure has also helped us in
business cycle management. However, our further deployment requires the company
resources to be allocated on a more focused manner than we have done so far. As
our subsidiary from a long period now becomes a part of a leading company in
Nordic translation business I wish to thank the company management and
personnel for the work well done as well as to wish them all the best for the
future.” 



Revenio Group Oyj

Olli-Pekka Salovaara

President and CEO



For further information, please contact:

Olli-Pekka Salovaara, President and CEO, mobile +358 (0) 40 5675520

olli-pekka.salovaara@revenio.fi

http://www.revenio.fi



DISTRIBUTION:



NASDAQ OMX Helsinki

Financial Supervisory Authority (FIN-FSA)

Key media

www.revenio.fi



Revenio Group Corporation, listed on the NASDAQ OMX Helsinki, is the parent

Company of the Finnish conglomerate Revenio Group. Revenio Group Corporation's

Subsidiaries share a focus on Finnish specialist expertise and export-based
Operations. 

Revenio Group consists of six independent subsidiaries in five business areas.
These subsidiaries are Done Logistics Oy, Done software Solutions Oy, Icare
Finland Oy, Boomeranger Boats Oy, FLS Finland Oy and Midas Touch Oy.