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2009-01-02 13:25:00 CET 2009-01-02 13:25:01 CET REGULATED INFORMATION Panostaja Oyj - Company AnnouncementPANOSTAJA STRENGTHENS ITS ENVIRONMENTAL TECHNOLOGY BUSINESS AREA WITH PURCHASE OF PUZTEC OYPanostaja Oyj Stock Exchange Bulletin 2.1.2009 2.25 pm PANOSTAJA STRENGTHENS ITS ENVIRONMENTAL TECHNOLOGY BUSINESS AREA WITH PURCHASE OF PUZTEC OY Panostaja Oyj today signed a deal to acquire the entire share capital of Puztec Oy, a supplier of waste collection and transportation systems. According to the deal, 64 per cent of the share capital transfers to the ownership of Panostaja Oyj immediately and the rest no later than May 1st, 2009. With this acquisition Panostaja Oyj further expands its business area specialising in environmental technology. Puztec Oy has been established on January 1st, 2008 to continue the growing waste business started in 1995 by its parent company Puzair Oy, a company specialized in environmental and building maintenance technology. Puztec Oy designs, manufactures and markets tube conveyor and disposal shaft systems for waste handling and biowaste. In the financial year 2008, company's net sales amounted to some EUR 2 Million. Puztec Oy's head office is located in the Kivenlahti area of Espoo, Finland. Panostaja Oyj Juha Sarsama CEO Further information is available from: Juha Sarsama, CEO, on (tel.) 040 774 2099 |
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