Efore - Company Announcement

EFORE’S ROAL ELECTRONICS ACQUISITION COMPLETED

Espoo, Finland, 2013-07-11 15:00 CEST (GLOBE NEWSWIRE) -- Efore Plc  Stock
exchange release       July 11, 2013 at 4 p.m. 


Efore has closed today the acquisition of the Italian-based Roal Electronics
S.p.A (Roal) according to plan. Efore acquired the entire share capital of
Roal. 

A real estate option agreement was made after closing. Roal has an option to
sell its facility in Italy to certain main subscribing sellers 6-12 months
after the closing. In this case the selling price of the facility is EUR 1.5
million and Roal will lease it for 3 years with a rent of EUR 150,000 per year.
Executing the option agreement requires approval from Roal banks. 

Efore's previous announcement on the corporate acquisition was given on 10
July, 2013. 

EFORE PLC

Board of Directors

For further information please contact Mr. Vesa Vähämöttönen, President and
CEO, tel. +358 9 4784 6312 

DISTRIBUTION
NASDAQ OMX Helsinki Ltd
Main media


Efore Group

Efore Group is an international company which develops and produces demanding
power products. Efore's head office is based in Finland and its production unit
is located in China. Efore is present also in Sweden. In the fiscal year ending
in October 2012, consolidated net sales totaled EUR 78,1 million and the
Group's personnel averaged 888. The company's share is quoted on the Nasdaq OMX
Helsinki Ltd. 
www.efore.com