News Alerts by Email | Login
 CHINESE SIMPLE   CHINESE TRAD     JAPANESE     KOREAN
 ENGLISH    ARABIC    EUROPE

 ENGLISH   All Languages
 

Aspo Oyj (HEL:ASU1V) ASPO Plc STOCK EXCHANGE ANNOUNCEMENT September 8, 2008 at 9:30 a.m.

Aspo Plc will sell the Finnish tape business of the Kaukomarkkinat unit to Oy Telpak Ab. Oy Telpak Ab is owned by Ralf Klärich and Styrbjörn Sumelius. The deal will result in a sales gain of approximately EUR 0.2 million, which will be recorded for the third quarter upon completion of the change of ownership.

Gustav Nyberg, CEO of Aspo: "The sale of Kaukomarkkinat's Finnish tape business will further clarify the structure of the Aspo Group. In the future, we will continue to focus on our core businesses. Kaukomarkkinat will specialize in electronics and industrial machinery sales."

ASPO TO CONTINUE KAUKOMARKKINAT'S ELECTRONICS BUSINESS

Aspo has investigated the sales opportunities of Kaukomarkkinat's electronics business. On the basis of the investigation, it was decided that the Kaukomarkkinat brand and its strong clients, such as Panasonic, make it possible to continue and develop the business as part of Aspo's corporate strategy. In professional and industrial electronics, Panasonic is the market leader in the rapidly growing air source heat pump market, among others. Jari-Pekka Lehmuskoski has been appointed as Director of the business.

Kaukomarkkinat will now focus on business-to-business sales and represents the leading brands in Finland. Its main brands include Panasonic, Peltor, Molex and Lafayette.

ASPO Plc

Gustav Nyberg CEO

Aspo is a conglomerate focusing on sectors that require extensive specialist knowledge. Aspo owns and develops the leading businesses in its sector, which include ESL Shipping, Leipurin as well as Telko. Aspo also comprises Kaukomarkkinat which focuses on selected fields in commerce. Aspo serves demanding business-to-business clients. In 2007, the company's net sales (pro forma) amounted to EUR 495.3 million.

Distribution: OMX Nordic Exchange Helsinki The Media www.aspo.com

Aspo Oyj

http://www.aspo.fi/

ISIN: FI0009008072

Stock Identifier: XHEL.ASU



  Related Companies

>>> Aspo Oyj

  Related Industry Topics:


  This Page Viewed:  (Last 7 Days: 2) (Last 30 Days: 8) (Since Published: 304) 


Aspo Oyj
2008.10.31  11:35 Aspo Oyj (HEL:ASU1V) CHANGE OF THE LP MARKET MAKIG PROVIDER FOR ASPO'S SHARE
2008.10.23  17:03 Aspo Oyj (HEL:ASU1V) CHANGES TO ASPO'S TOP MANAGEMENT JANUARY 1, 2009
2008.10.23  16:35 Aspo Oyj (HEL:ASU1V) ASPO INTERIM REPORT JANUARY 1 - SEPTEMBER 30, 2008
2008.10.03  17:03 Aspo Oyj (HEL:ASU1V) ASPO IS STREAMLINING ITS ADMINISTRATIVE STRUCTURE
2008.08.21  18:33 Aspo Oyj (HEL:ASU1V) ASPO TO PURCHASE ITS OWN SHARES
 
iPhone
Download From iTunes
 
 
 
  Home    |   Media Partners    |    About Us   |   Contact Us   |   Events & Exhibitions
 
 
Copyright 2010 Asia Business News Pty Ltd