ASPOCOMP GROUP PLC STOCK EXCHANGE RELEASE August 9, 2006 at 7:55 AM
ASPOCOMP DIVESTS ITS MODULES DIVISION
Aspocomp Group Plc’s subsidiaries Aspocomp Oy and Aspocomp Technology Oy have
today signed agreements to sell the Group’s Modules division and modules R&D to
the Kemi, Finland-based company Selmic Oy. The transaction encompasses the
business and R&D operations of the Oulu modules plant as well as current and
fixed assets. A total of 150 employees will transfer to Selmic under their
current terms of employment. The parties have agreed that the transaction price
will not be made public.
In addition to this transaction, the companies have agreed on the long-term lease
of Aspocomp’s modules plant in Oulu to Selmic.
The Modules division generated about 10 percent of the Group’s net sales. “By
selling Modules, Aspocomp can now focus on its core business: the manufacture of
high-tech PCBs, honing competitiveness and serving its main customers. Thanks to
this deal, the Modules business and R&D have now teamed up with an excellent
partner that specializes in this business area, with which they can continue to
upgrade their operations,” says Maija-Liisa Friman, President and CEO of
Selmic Oy’s major shareholders include funds managed by Eqvitec and Teknoventure
funds. “Modules business is customer and development oriented activity where the
strengths of the two merging units will complement each other”, says partner Jari
Mieskonen of Eqvitec Partners. “Customers can have access to a broader technology
offering and greater expertise in selected areas.”
Selmic Oy provides micromodule components, process and design services as well as
product concepts for customers in fields such as telecommunications, measurement,
security and health care technology in the Nordic countries and continental
Europe. The company zeroes in on new manufacturing technology and has about 50
professionals on its payroll.
For additional information, please contact: President and CEO Maija-Liisa Friman,
Aspocomp Group Plc, tel. +358 9 7597 0711, partner Jari Mieskonen, Eqvitec
Partners Oy, tel. +358 20 780 9834, or CEO Kari Hyvärinen, Selmic Oy, tel. +358
44 756 4007.
ASPOCOMP GROUP PLC
President and CEO
Aspocomp: Innovative interconnection solutions for the electronics industry
The Aspocomp Group offers and develops innovative interconnection solutions for
the electronics industry in close cooperation with its customers. We are strongly
positioned as a supplier of mobile data terminal equipment components and aim to
further bolster our position as a supplier to the automotive industry and data
communications networks. We offer our global customers a fast road to mass
production through flexible and cost-effective adaptation of new technologies.
The Aspocomp Group’s production facilities are located close to its customers in
Finland, China, and Thailand. In 2005, the Group’s net sales stood at EUR 154
million and it had about 3,400 employees.
Helsinki Stock Exchange