Sysopen Plc STOCK EXCHANGE RELEASE
10 January 2003 13 p.m.
SYSOPEN TO SELL MAJORITY SHAREHOLDING IN SUBSIDIARY
SPECIALISING IN ACCESSIBILITY SOLUTIONS FOR PABX
SysOpen Plc has signed an agreement to sell its majority
shareholding of around 85 per cent in its subsidiary,
CallCom Oy, specialising in accessibility-service and
information systems integrated into PABXs, to five of the
subsidiarys managers and employees. As a result of the
divestment, SysOpen Plc will still hold 10 per cent of
CallCom Oy but has agreed, as provided by the terms and
conditions in the agreement, to sell the remaining
holdings to the buyers by the end of 2004.
CallCom Oys net sales accounted for approximately 2 per
cent of SysOpens consolidated net sales for 2002. The
parties have agreed not to disclose the price of the
transaction. The deal will have a positive impact on
SysOpens consolidated operating profit before goodwill
All of the five CallCom employees concerned will remain
on the subsidiarys payroll. Three private shareholders
with their current combined holding of 15 per cent in
CallCom will also remain the companys shareholders. The
parties have also agreed that SysOpen will provide
marketing and sales support to Callcom.
This deal supports SysOpens strategy of becoming a
strong integrator and technology expert in selected
customer industries and sectors. The company is aiming at
above-industry-average profitability and growth in 2003.
For further information, please contact:
Arto Sahla, Managing Director, tel. +358 400 442986
Kirsi Lindroth, Director of Corporate Communications,
tel. +358 40 5216332
SysOpen Plcs shares are quoted on the Main List of the
Helsinki Exchanges under the telecommunication and
electronics business sector. SysOpen is one of the
leading integrators of eBusiness solutions (Integrated
eSolutions) in Finland. The company has offices in
Helsinki, Tampere, Kuopio, Varkaus, Jyväskylä, London and
Warwick (near Birmingham). Consolidated turnover for
JanuarySeptember 2002 totalled EUR 21.3 million and
operating profit before goodwill amortisation for the
same period accounted for 10 per cent of turnover. The
number of Group employees will decrease to some 310 as a
result of the deal.
Digia is a profitably growing IT service company that helps its customers harness digital opportunities
As a visionary partner, Digia develops and innovates solutions that support business operations together with its customers. We adapt our expertise to their specific industries to help them develop digital services, manage operations and utilise information. We employ 750 experts in Finland and Sweden. We are expanding our international presence together with our customers.
Digia’s continuing operations had net sales of EUR 81 million in 2015. The company is listed on NASDAQ Helsinki (DIG1V).