PKC Group Oyj - Inside information

PKC's strategy advances

PKC Group Plc       Company Announcement   9 February 2017   8.20 a.m.



PKC's strategy advances



PKC's strategy to expand in Asia and rolling stock business advances. PKC is
currently negotiating on the establishment of a joint venture with estimated
annual revenue of over EUR 40 million with a Chinese wiring systems
manufacturer. Parties have signed a letter of intent and the negotiations are
estimated to be completed during Q2. PKC plans to expand into North American
rolling stock market by acquiring a company operating in the rolling stock
business in the USA with estimated annual revenue of about EUR 10 million.
Parties have signed a letter of intent and the negotiations are estimated to be
completed during Q2. 



PKC Group Plc

Board of Directors



Matti Hyytiäinen

President & CEO



For additional information, contact:

Matti Hyytiäinen, President & CEO, tel. +358 (0)400 710 968





Distribution



Nasdaq Helsinki

Main media

www.pkcgroup.com



PKC Group is a global partner, designing, manufacturing and integrating
electrical distribution systems, electronics and related architecture
components for the commercial vehicle industry, rolling stock manufacturers and
other selected segments. The Group has production facilities in Brazil, China,
Finland, Germany, Lithuania, Mexico, Poland, Russia, Serbia and the USA. The
Group's revenue from continuing operations in 2016 totalled EUR 846 million.
PKC Group Plc is listed on Nasdaq Helsinki.