Lemminkäinen divests Uusikaupunki business unit
LEMMINKÄINEN CORPORATION PRESS RELEASE 26 April 2012 at 3.30 PM
LEMMINKÄINEN DIVESTS UUSIKAUPUNKI BUSINESS UNIT
Lemminkäinen has sold its technical building services unit in Uusikaupunki, which includes industrial installation, servicing, contracting and maintenance services.
The business unit was acquired by Uudenkaupungin Rakennus-Putkitus Oy, which will continue and develop its operations in Uusikaupunki. The principal owners of the company are Joonatan Kulmala, Harri Putro and Mikko Taipalus.
"We are very satisfied with this solution, as the new owners will seamlessly continue customer service in the Vakka-Suomi region", comments Seppo Suvisalmi of Lemminkäinen.
The 19 employees of Lemminkäinen Technical Building Services in Uusimaa will enter the new owner's services as old employees. The parties have agreed not to disclose the transaction price.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Seppo Suvisalmi, Director
Technical Building Services
Tel. +358 2071 52170
Joonatan Kulmala, Executive Vice President
Uudenkaupungin Rakennus-Putkitus Oy
Tel. +358 44 346 0649
Media in Varsinais-Suomi region
Lemminkäinen Group operates in all areas of the construction sector. The Group's operations are organised into four business sectors: 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 8 400 people on average. Lemminkäinen Corporation's shares are quoted on NASDAQ OMX Helsinki Ltd. www.lemminkainen.com