Vaahto Group Plc Oyj - Company Announcement

VAAHTO GROUP HAS MADE AN AGREEMENT TO SELL PROJECT BUSINESS TO BELLMER GMBH

Lahti, Finland, 2013-01-16 13:20 CET (GLOBE NEWSWIRE) -- VAAHTO GROUP PLC OYJ  
               STOCK EXCHANGE BULLETIN           16.1.2013 at 2.20 pm 

VAAHTO GROUP HAS MADE AN AGREEMENT TO SELL PROJECT BUSINESS TO BELLMER GMBH

Vaahto Paper Technology Ltd, a company within the Vaahto Group, has on 16
January 2013 entered into an initial agreement for the sale of the Vaahto Paper
Technology group's Projects business and the spare part and small projects
businesses belonging to its Services business to a company to be incorporated
by Gebr. Bellmer GmbH Maschinenfabrik of Germany. The parties will seek to
negotiate the final terms of the transaction so that it can be completed no
later than on 27 March 2013. 

Vaahto Group and Bellmer GmbH will in connection with negotiate the transaction
also negotiated a co-operation agreement, to be entered into by the Projects
business and Vaahto Paper Technology's Service business. The Vaahto Service
business unit produces technological solutions for maintenance services in the
paper, board and pulp industries. 

The Projects business has accumulated annual revenues of EUR 17-25 million
during the last years, with low profitability. The business unit employs
approximately 60 persons in Hollola and 15 persons in Tampere, respectively.
The transaction would be realised with a view of seeking to improve the cash
flow of the Vaahto Group for the financial year 2013 as well as to implement
the strategy outlined by the Board of Directors. 

Gebr. Bellmer GmbH Maschinenfabrik is a German family-owned company that
produces equipment and services for the paper, board and pulp industries. With
this transaction Bellmer continues to strengthen their market presence as well
as their product portfolio. Vaahto's paper machinery business is concentrated
on Finland, Sweden, Russia and China. By establishing a strong presence in
Finland and Sweden and increasing resources in Russia and China Bellmer forms a
good platform for further growth. 

Vaahto Group is a globally operating high technology company serving process
industry in the fields of pulp and paper machinery and process machinery. In
paper technology, Vaahto Group's core competence lies in paper and board
machine rebuilds; roll coating; and servicing and other maintenance, service,
and spare parts services for paper machines. The Group's main customer
industries are the paper, board, and pulp industries. 



Lahti 16 January 2013

VAAHTO GROUP PLC OYJ

Board of Directors


         Information:
         Reijo Järvinen, Chairman of the Board, Vaahto Group Plc Oyj +358 400
715968 
         Ari Viinikkala, CEO, Vaahto Group Plc Oyj +358 400 127664