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Enersense International Oyj M&A Activity 2021

Jun 30, 2021

3314_rns_2021-06-30_a080561b-15e6-4844-9917-3c5c91841288.html

M&A Activity

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Enersense has completed the sale of the entire share capital of Värväämö Oy to Citywork – Mika Linnamäki will leave the Management Team

Enersense has completed the sale of the entire share capital of Värväämö Oy to Citywork – Mika Linnamäki will leave the Management Team

Enersense International Plc
Stock Exchange Release 30 June 2021 at 9.55 a.m.

Enersense International Plc, a provider of zero-emission energy solutions, has
today completed the sale of the entire share capital of its subsidiary Värväämö
Oy, which offers personnel services for the construction industry, to Citywork
Oy. The sale was announced on 6 May 2021. As a result of the transaction, the
Staff Leasing business area, part of Enersense’s Smart Industry segment, will be
closed down and Mika Linnamäki, who led the business, will leave Enersense's
Management Team and the company.

“I warmly thank Mika and all the employees of Värväämö for their significant
contribution to the company and wish them luck and success in new challenges,”
says Enersense’s CEO Jussi Holopainen.

For more information, please contact:

Jussi Holopainen, CEO
Telephone: +358 44 517 4543
Email: [email protected]

Media contacts:
Tommi Manninen, Senior Vice President, Communications and Public Affairs
Telephone: +358 40 043 7515
Email: [email protected]

Enersense in brief:

Enersense International Plc is a provider of zero-emission energy solutions. The
company is strongly involved in supporting the ongoing energy transition and
enabling a zero-emission society. The Enersense Group’s turnover in 2020 was
around EUR 144 million. The pro forma turnover of the Enersense-Empower Group,
which was consolidated in 2020, was around EUR 241 million in 2020. The company
has around 2,400 employees, and it operates in Finland and internationally in
around 40 countries. Enersense’s share is listed on Nasdaq Helsinki (ESENSE).
The company’s website for investors can be found at www.enersense.com/investors.