Epec Oy's forest machine information system and software product development unit in Kajaani to transfer to Ponsse Plc
PONSSE PLC STOCK EXCHANGE RELEASE 6 APRIL 2011 AT 10:00 AM
Epec Oy's forest machine information system and software product development unit in Kajaani to transfer to Ponsse Plc
The Boards of Directors of Ponsse Plc and Epec Oy have decided that Epec Oy's forest machine information system and software product development unit located in Kajaani will transfer back to Ponsse Plc. Epec Oy's operations will be centralised in Seinäjoki.
Epec Oy is Ponsse's wholly owned subsidiary. It designs and manufactures control systems for mobile work machines, electronics and software for demanding conditions. Epec has designed and manufactured PONSSE information system products since 2004.
The transfer strengthens the companies' ability to focus on their areas of core competence. The transfer enables even stronger development of information system products for PONSSE forest machines and Epec Oy's increased focus on the needs of other work machine clients and therefore the company's growth. Epec Oy will continue the manufacturing of PONSSE information system products.
The possible impacts of the arrangement on the personnel will be very limited. The planned transfer date is 1 May 2011.
Vieremä, 6 April 2011
PONSSE PLC
Juho Nummela
President and CEO
FURTHER INFORMATION:
Juho Nummela, President and CEO, Ponsse Plc, tel. +358 400 495 690
DISTRIBUTION
NASDAQ OMX Helsinki Ltd
Principal media
www.ponsse.com
Ponsse Plc is a company specialising in the sales, manufacture, servicing and technology of cut-to-length method forest machines and is driven by genuine interest in its customers and their business. Ponsse develops and manufactures sustainable and innovative harvesting solutions based on customers’ needs.
The company was established by forest machine entrepreneur Einari Vidgrén in 1970, and it has been a leader in timber harvesting solutions based on the cut-to-length method ever since. Ponsse is headquartered in Vieremä, Finland. The company’s shares are quoted on the NASDAQ OMX Nordic List.