LEMMINKÄINEN CORPORATION PRESS RELEASE JULY 2 2012 AT 1 PM
LEMMINKÄINEN STRENGTHENS ITS CAPACITY TO INSTALL ENVIRONMENTAL PRODUCTS IN SOUTHERN FINLAND
Lemminkäinen has acquired 100% of the share capital of Kivinikkarit Ltd, a Vantaa-based company. The parties have decided not to disclose the transaction price.
Founded in 1980, Kivinikkarit Ltd has been engaged in earthwork construction and the installation of environmental products in Southern Finland. The ten employees of the company will be added to Lemminkäinen's payroll under unchanged terms.
"This acquisition will strengthen our competence in the installation of environmental products in Southern Finland, as well as enhance our market position. Not only will our ranks be strengthened by skilled personnel; we will also have an addition of equipment well suited to the work," comments Markus Kalliomaa, Vice President at Lemminkäinen.
Vice President Markus Kalliomaa
Infrastructure Construction business sector
Tel. +358 2071 59018
Media in the Southern Finland region
Lemminkäinen Group operates in all areas of the construction sector. The Group's business sectors are building construction, infrastructure construction, technical building services and international operations. Net sales in 2011 were about EUR 2.3 billion, of which international operations accounted for roughly one third. The Group employs an average of 8,400 people. Lemminkäinen Corporation's share is quoted on NASDAQ OMX Nordic Exchange Helsinki. www.lemminkainen.com