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2009-04-29 11:00:00 CEST 2009-04-29 11:00:01 CEST REGULATED INFORMATION Panostaja Oyj - Company AnnouncementPANOSTAJA STRENGHTENS IT'S ENVIRONMENTAL TECHNOLOGY BUSINESS AREA - MERGER OF EXISTING COMPANIES TO A NEW ECOSIR GROUP AND MAURI LEPONEN A NEW CEO.Panostaja Oyj Stock Exchange Release 29.4.2009 12:00 pm PANOSTAJA STRENGHTENS IT'S ENVIRONMENTAL TECHNOLOGY BUSINESS AREA - MERGER OF EXISTING COMPANIES TO A NEW ECOSIR GROUP AND MAURI LEPONEN A NEW CEO. Members of Panostaja's environmental technology business area, building, area construction and industrial recycling and waste solution providers Ecosir Oy Tampere, Puztec Oy Espoo and Kospa Oy Marttila have been decided to merge to a new Ecosir Group Oy, a solutions provider for built environment, effective 1st of june 2009. The new Group will meet the growing and international demand of cost-effective waste collection systems, and supply solutions like Ecocity-projects, a subject of preparation and public interest for many years. In order to develop operations, internationalization and management, Mauri Leponen (46) has been appointed as CEO of a new Ecosir Group Oy, Harri Salomaa (40) Vice President Sales and Pekka Nurmi (50) Vice President Operations. Together they form a management team of the Company and they own 22 % of the total share capital of Ecosir Group Oy. In addition to these nominations and responsibilities, for finalizing the merger process, Harri Salomaa holds his position as a CEO of Ecosir Oy and Kospa Oy and Pekka Nurmi holds his position as a CEO of Puztec Oy. Panostaja Oyj Juha Sarsama CEO Additional information: Juha Sarsama, CEO, +358 40 774 2099 Panostaja invests in Finnish small and medium-sized enterprises operating in traditional industries. The objective is to raise the target company to become a major player in its field according to a pre-determined schedule. At present, the company operates in 13 business areas. Turnover for the Panostaja Group in the financial year 2008 was 121 million euros. Panostaja Oyj's share is listed at Helsinki Stock Exchange (OMX) Small Cap -list. www.panostaja.fi |
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