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2016-05-19

Robit Oyj: ROBIT SIGNED A MAJOR ACQUISITION IN AUSTRALIA

ROBIT PLC PRESS RELEASE 19 MAY 2016 AT 8.00 P.M.

ROBIT SIGNED A MAJOR ACQUISITION IN AUSTRALIA

Robit Plc has the pleasure to announce that it has signed a Sale and Purchase
Agreement to acquire 100 % of the shares ofDrilling Tools Australia Ltd
("DTA
"), a subsidiary of Ausdrill Ltd, an ASX listed international mining services
company.

DTA is a specialist in the Australian drilling consumable market offering
Down-the-Hole and Top Hammer drilling equipment with corresponding engineered
solutions to the mining and construction industry. The company is based in
Perth, Canning Vale, Western Australia with 69 employees. DTA's net sales in
the financial year ending June 2016 will be approximately
35 MAUD (nearly 23 MEUR) with a profitability (EBITDA%) over 20 %.
The debt and cash free purchase price (EV) of DTA is 66 MAUD (approximately 42
MEUR). 30 % of the purchase price will paid on 31 December 2016. Through DTA,
Robit has also entered into a 2.5 year preferred supply arrangement with
Ausdrill (one of the major mining contractors in the world) for the supply of
consumables.

The effective date of the purchase of the shares will be 30 June 2016 and the
transaction remains subject to certain customary closing conditions. Robit
will finance the transaction partly from the proceeds of its IPO in May 2015
and partly through new bank financing.

Transaction details

The acquisition of DTA is an important part of Robit's global growth strategy,
which Robit introduced in its listing to Nasdaq Helsinki Ltd's First North
Finland marketplace in May 2015.

Robit's target is to achieve a strong foothold in the Australian market, one
of the biggest markets for drilling consumables in the world. The acquisition
enables the local production of high quality drilling tools in Perth ensuring
better availability and shorter delivery times of products to customers in
Oceania and the Far East. Through the acquisition Robit gains new customers
from important players in the Australian mining market. The mining segment
represents about 25 % of Robit's global net sales before the transaction.
Through DTA, Robit has also entered into a 2.5 year preferred supply
arrangement for the supply of consumables with Ausdrill which is one of the
major mining contractors in the world.

"I am very pleased that after a long negotiation process with Ausdrill Ltd we
were able to reach an agreement in bringingDTA and Robit together, building
company net sales close to 70 MEUR
. This step, together with our targeted high organic growth of 15 % p.a, will
take us to the next level in our strategy", saysHarri Sjöholm
, the Chairman of Robit. "By combining Robit's global manufacturing expertise
with DTA's high quality service culture we are able to service customers
better and grow our business in Australia and Southeast Asia", saysMikko
Mattila
, the CEO of Robit. "As Robit is a renowned manufacturer of quality drilling
products with an extensive global distribution network, they will be able to
service Ausdrill's drill consumable needs into the future", saysRon Sayers
, the Managing Director of Ausdrill Ltd.

(Note. All the figures are based on the latest fiscal year: Robit FY2015, DTA
FY2014/2015.)

ROBIT PLC

Harri Sjöholm, Chairman

Mikko Mattila, CEO

Further information:

Robit Plc

Harri Sjöholm, Chairman

+358 400 622 092

harri.sjoholm@robit.fi

Mikko Mattila, CEO

+358 40 736 7001

mikko.mattila@robit.fi

Skandinaviska Enskilda Banken AB (publ), Helsinki branch acts as the Company's
Certified Advisor.

Tel. +358 9 616 28 101

Robit is a Finnish company selling and servicing global customers in drilling
consumables for applications in tunneling, geothermal heating and cooling,
construction, and mining industries. The company's business is divided into
Top Hammer, Down the Hole and Digital Services business units. The company
has eight own offices and active sales networks in 115 countries. The company
has production in Finland and South Korea. The company is listed in Nasdaq
Helsinki Ltd's First North Finland marketplace with trading code ROBIT. For
more information, see
www.robit.fi.

Distribution:

Nasdaq Helsinki Ltd

Key media

www.robit.fi

Appendix: DTA-Robit Key Facts.

DTA-Robit Key Facts.
http://hugin.info/168949/R/2013825/746447.pdf

---------------------------------------

This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Robit Oyj via Globenewswire

HUG#2013825

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