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Uponor Oyj — M&A Activity 2015
Mar 30, 2015
3245_rns_2015-03-30_1adfe8ba-0c9f-4b71-b5ba-649d30cd037d.html
M&A Activity
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Uponor divests its machinery company, Extron Engineering Oy
Uponor divests its machinery company, Extron Engineering Oy
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 €5.6 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 €1 billion. Uponor Corporation
is listed on NASDAQ Helsinki in Finland. www.uponor.com