Glaston closes the sale of Software Solutions Business Area
GLASTON CORPORATION STOCK EXCHANGE RELEASE 4 February 2013 at 16.40 (EET)
Glaston closes the sale of Sofware Solutions Business Area
Glaston Corporation has today closed the sale of the shares in Albat+Wirsam Software GmbH (A+W) to Constellation Software Inc. acting through its Friedman Operating Group as announced in a stock exchange release on 12 November 2012.
The agreement to sell A+W was subject to customary closing conditions including a competition review by the German Federal Cartel Office, all of which have been satisfied.
Glaston Corporation acquired Albat+Wirsam Software Group in July 2007 and it has operated as a business area within Glaston Group. In Glaston Corporation’s Financial Statements for 2012, published on 7 February 2013, the Software Solutions segment is classified as Discontinued Operations.
For further information, please contact:
Arto Metsänen, CEO and President, Glaston Corporation, Tel. +358 10 500 500
Taina Tirkkonen, General Counsel, Glaston Corporation, Tel. +358 10 500 500
Director, Communications and Marketing
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: NASDAQ OMX, key media, www.glaston.net