Uponor Oyj
Uponor divests its machinery company, Extron Engineering Oy
Uponor Oyj 30.03.2015 14:30 Dissemination of a Adhoc News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Uponor Corporation Stock exchange release 30 March 2015 15.30 EET Uponor divests its machinery company, Extron Engineering Oy Uponor Infra Oy, a subsidiary of Uponor Corporation, has today sold its fully owned Finnish subsidiary, Extron Engineering Oy to Mecanor Oy, also based in Finland. Both Extron Engineering Oy and Mecanor Oy are in the business of designing and manufacturing machinery for the plastic products industry. The parties also signed a co-operation agreement for the further development of certain key technologies. The divestment does not impact Uponor Group's guidance for the year 2015 and it does not generate sales gains or losses of note. The net sales of the divested business in 2014 amounted to EUR5.6 million and it employs 19 persons in its Toijala premises. Uponor Infra Oy made a decision to divest Extron in accordance with its strategy to focus on core businesses and markets where it can command a strong market position and achieve operational synergies. Uponor Infra will also in the future continue to license and sell certain technologies relevant to the infrastructure business. Further information from: Sebastian Bondestam, President, Uponor Infra Oy, Tel +358 20 129 2846 Riitta Palomäki, CFO, Uponor Corporation, Tel +358 20 129 2822 Uponor Corporation Tarmo Anttila Vice President, Communications Tel. +358 20 129 2852 DISTRIBUTION: NASDAQ Helsinki Media www.uponor.com Uponor is a leading international provider of plumbing and indoor climate solutions for residential and commercial building markets across Europe and North America. In Northern Europe, Uponor is also a prominent supplier of infrastructure pipe systems. The Group employs approx. 4,000 persons, in 30 countries. In 2014, Uponor's net sales exceeded EUR1 billion. Uponor Corporation is listed on NASDAQ Helsinki in Finland. www.uponor.com News Source: NASDAQ OMX 30.03.2015 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Uponor Oyj Finland Phone: Fax: E-mail: Internet: ISIN: FI0009002158 WKN: End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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