Glaston Oyj Abp
Company Announcement
Glaston negotiates the sale of its Software Solutions Business Area
Helsinki, Finland, 2012-10-19 15:00 CEST (GLOBE NEWSWIRE) -- GLASTON
CORPORATION STOCK EXCHANGE RELEASE 19 October 2012 at 16.00 (EET)
Glaston negotiates the sale of its Software Solutions Business Area
Glaston Corporation has entered into exclusive negotiations for the sale of
Albat+Wirsam Software GmbH. Glaston expects the transaction to be completed by
the end of 2012. As a result of the transaction Glaston divests the Software
Solutions business area.
“Glaston wants to put more focus on growing and developing its core
competences; on glass processing machinery and related services. In these
business areas we have outstanding know-how and the best possibilities to serve
and support our customers. The transaction, when completed will benefit both
Glaston and Albat+Wirsam as the parties can put more strategic focus on their
core businesses”, comments Arto Metsänen, CEO and President of Glaston
Corporation.
Glaston Corporation acquired Albat+Wirsam Software Group in July 2007 and it
has operated as a business area within Glaston Group. The net sales for the
Software Solutions’ business area for the period January-June 2012 was EUR 10.7
(12.2) million. Operating result excluding non-recurring items was EUR 1.1
(1.3) million and the business area employed approximately 190 persons. In
2011, net sales for the Software Solutions business area was EUR 23.1 million
and the operating result excluding non-recurring items EUR 1.7 million.
In Glaston’s January-September 2012 interim report to be published on 31
October 2012, the Software Solutions business area will be reclassified as
discontinued operations.
For further information, please contact:
Arto Metsänen, CEO and President, tel. +358 10 500 500
Taina Tirkkonen, General Counsel, tel. +358 10 500 500
GLASTON CORPORATION
Agneta Selroos
Director, Communications and Marketing
Glaston Corporation
Glaston is a global company developing glass processing technology for
architectural, solar, appliance and automotive applications. Our portfolio
ranges from pre-processing and safety glass machines to software solutions and
services. We are dedicated to our customers’ continued success and provide
services for all glass processing needs with a lifecycle-long commitment in
mind. For more information, please visit www.glaston.net. Glaston's share
(GLA1V) is listed on the NASDAQ OMX Helsinki Small Cap List.
Distribution: Helsinki Stock Exchange, key media
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