Bli medlem
Bli medlem

Du är här

2016-04-01

Destia: DESTIA'S TRANSACTION WITH ITS-VAHVISTUS HAS BEEN COMPLETED

Destia Group Plc
Stock Exchange Release
1.4.2016 at 9:00 (CET +1)

Destia's transaction with ITS-Vahvistus has been completed

Destia published on March 22, 2016 the signing of a contract
concerning a transaction according to which Destia Ltd acquires the
majority interest in ITS-Vahvistus Oy. The acting management of
ITS-Vahvistus sold 51 per cent of the company to Destia. In the new
ownership arrangement the acting management of ITS-Vahvistus will own
minority interest, 49 per cent, of the company.

The requirements of closing the business transfer agreement have been
fulfilled in planned time schedule and the transaction has been
completed on April 1, 2016. After the transaction has been completed
the name of the company, ITS-Vahvistus Oy, will change to Destia
Engineering Ltd.

DESTIA GROUP PLC
Corporate Communications

Further information:
Destia Group Plc, Hannu Leinonen, President & CEO, tel. +358 20 444
4000

Destia Engineering Ltd, Arto Niemeläinen, CEO, tel. +358 201 550 651
DISTRIBUTION:
Nasdaq Helsinki Oy
Key media
www.destia.fi/en

Destia:
Destia is a Finnish infrastructure and construction service company.
We build, maintain and design traffic routes, railways, industrial
and traffic environments as well as complete living environments. In
2015 the company's revenue was over MEUR 460. With 1 500 dedicated
experts we build the bigger picture, piece by piece. www.destia.fi/en

ITS-Vahvistus:
Operating in Finland and its nearby areas, ITS-Vahvistus specialises
in subgrade reinforcement work and rock construction. ITS-Vahvistus
carries out all special work for foundation engineering and
subterranean construction. The company's most typical products and
work methods include pile-driving, grooving and tonguing,
support-wall work, anchoring, concrete spraying, jet grouting and
low-pressure grouting and subterranean excavation and reinforcement.
Founded in 1993, ITS-Vahvistus currently employs some 35 people and
has a turnover of about MEUR 7.6. The company has grown and
diversified steadily and, in 2015, was one of the leading small- and
medium-sized industrial enterprises in the sector.

-----------------------------------------------------------
http://news.cision.com/destia/r/destia-s-transaction-with-its-vahvistus-...

Författare WKR

Tala om vad ni tycker

Tala om vad ni tycker

Ni är just nu inne på en betaversion av nya aktiespararna. Lämna gärna feedback på vad ni tycker i formuläret nedan.