Martela Oyj

Regulatory Filings • Aug 22, 2019

Disclosure 374225

Martela Oyj - Other information disclosed according to the rules of the Exchange

Martela Corporation to outsource logistics operations

Martela Corp. and Barona Logistics Solutions Ltd (Barona Logistics) have signed an agreement to outsource the inhouse logistics and a part of the dispatch operation of Martela's Nummela production plant to Barona Logistics. Subject to transaction 19 Martela’s employees will be transferred to Barona Logistics as existing employees as of September 1, 2019. The transaction is part of a previously announced cost efficiency program to align the cost base structure more flexible.

“We looked for a partner with whom we can develop our operations and meet the efficiency and flexibility requirements resulting from the volume fluctuations. Barona Logistics was selected as a partner due its solid logistics experience and service quality. With this partnership, we are able to develop our operations better in the long term and respond to changing customer needs in a competitive way,” says Matti Rantaniemi, CEO of Martela.

“Providing logistics services and development of personnel processes are part of Barona Logistics' core business. We are very pleased being able to expand our cooperation with Martela. Together we will be able to develop operations and provide even more efficient and high-quality logistics service for Martela,” says Janne Bergqvist, Human Resources Director of Barona Logistics.

Matti Rantaniemi

CEO

Further information

Matti Rantaniemi, CEO, tel. +358 50 465 8194

Ville Taipale, VP, Customer Supply Management, tel. +358 50 557 2611

Distribution

Nasdaq OMX Helsinki

Key news media

www.martela.com

Our strategic direction is defined by our mission “Better working” and our vision “People-centric workplaces”. Martela supplies user-centric workplaces where the users and their wellbeing are what matter most. We focus on the Nordic countries because, based on our common open work culture and needs, the Nordic countries are leaders in hybrid workplaces.