Componenta - Company Announcement

Divestment of Pistons completed

Componenta Corporation Stock Exchange Release on 17.8.2016 at 14.10

Componenta Corporation announced on 29 July 2016 that is has signed an
agreement relating to the sale of the Pistons unit with Koncentra Pistons Oy.
The closing of the transaction was conditional. 

The transaction of Pistons has been completed on 17 August 2016.

Componenta Pistons offers piston solutions to leading medium speed diesel
engine manufacturers, applying state-of-the-art R&D methods and modern
production technology. Pistons is located in Pietarsaari, Finland and employs
some 40 people. Pistons net sales in 2015 was EUR 6 million. The divestment
will not have a material impact on Componenta Group’s result or financial
position. 


Helsinki, 17 August 2016

COMPONENTA CORPORATION


Harri Suutari

President and CEO



For further information, please contact:

Harri Suutari
President and CEO
tel. +358 400 384 937

Markku Honkasalo
CFO
tel. +358 10 403 2710


Componenta is a metal sector company with international operations and
production plants located in Finland, Turkey, the Netherlands and Sweden. The
net sales of Componenta were EUR 495 million in 2015 and its share is listed on
Nasdaq Helsinki. The Group employs approx. 4,250 people. Componenta specializes
in supplying cast and machined components and total solutions made of them to
its global customers, who are manufacturers of vehicles, machines and
equipment.