Each issue of PaperMoney is approximately 500 fact filled pages.
Logout
Click here for Pulp & Paper Radio International
Items just for you
New publication added! Advertising Arguments 2015 book
Free Downloads
Search
My Profile
Login
Management Side
Technical Side
Vaahto to Sell Service Business
Print

Lahti, Finland 03 September 2014 -- According to its new strategy, Vaahto Group focuses on Process Technology business. In February 2014, Vaahto Group Plc Oyj announced to divest or discontinue operations of the unprofitable Paper Technology business in its entirety.

As a result of the strategic alignment Vaahto Paper Technology Ltd, subsidiary of Vaahto Group Plc Oyj, has on 2 September 2014 made an agreement for the sale of the Service business, belonging to Paper Technology -segment, to a company to be incorporated by a group of investors represented by Antti Vaahto.

The aim of the parties is to negotiate the final terms of the transaction no later than on 16 September 2014.

The Service business has accumulated annual revenues of 4-7 million euros during the last years, with low profitability. The business unit employs approximately 45 persons in Tampere.

The selling of the business is expected to improve cash flow of the Vaahto Group for the fiscal year 2014 as well as to implement the strategy outlined by the Board of Directors.

Vaahto Group is a globally operating high technology company serving process industry.



Powered by Bondware
News Publishing Software

The browser you are using is outdated!

You may not be getting all you can out of your browsing experience
and may be open to security risks!

Consider upgrading to the latest version of your browser or choose on below: