ASPOCOMP GROUP OYJ STOCK EXCHANGE RELEASE Sept, 15 2005 at 9:45 AM 1(2)
ASPOCOMP SELLS ITS MECHANICS BUSINESS TO MECANOVA
Aspocomp Oy has today signed an agreement to sell its Mechanics business to the
Nivala-based company Mecanova Oy. The transaction comprises the sale of the
business operations, inventory, and fixed assets of Aspocomp’s Klaukkala plant.
Aspocomp and Mecanova have also signed a long-term lease agreement on the
Klaukkala plant property, which is owned by Aspocomp. All the employees of the
Mechanics business (about 70 persons) will transfer into the new owner’s employ
under their current terms of employment.
In 2004, the Klaukkala plant had net sales of EUR 12.6 million and an operating
profit of EUR 0.1 million.
“In line with the strategy outlined in the autumn of 2004, Aspocomp will focus
on its core businesses – printed circuit boards and modules – and seek to
outpace market growth in these areas. The sale of the Mechanics business is part
of the implementation of our strategy,” says Maija-Liisa Friman, President and
CEO of Aspocomp.
“The transaction serves to implement Mecanova’s growth strategy, which aims to
develop increasingly broader-based services for our customers. The Klaukkala
plant bolsters and diversifies our expertise in mechanical design and
fabrication alike,” says Keijo Anttila, President, CEO, Mecanova.
Mecanova is a contract manufacturer specializing in mechanical components for
the electronics industry. Its service portfolio covers the entire life cycle
of its customers’ products, from product development, design, and manufacture
to after-sales marketing services. The company’s service range also includes
equipment assembly and testing.
Mecanova’s customers are leading equipment manufacturers whose products are
used in telecom infrastructure, industry, and healthcare. The Group’s post-
deal net sales will amount to over EUR 55 million. Contrary to the general
trend in its sector, the company has grown significantly over the past three
years. Mecanova is headquartered in Nivala. After the transaction, it will
have about 370 employees in three localities.
ASPOCOMP GROUP OYJ
President and CEO
For additional information from Aspocomp, please contact CEO Maija-Liisa Friman,
tel. +358 9 7597 0711.
For additional information from Mecanova, please contact President, CEO Keijo
Anttila, tel. +358 400 673 156.
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
The Aspocomp Group’s production facilities are located close to its customers in
Finland, China, and Thailand. In 2004, the Group’s net sales stood at around EUR
200 million and it had some 3,500 employees.
Helsinki Stock Exchange