Solteq Plc Stock Exchange Bulletin 11.12.2014 at 11.30 am
Company’s Board of Directors has decided today to execute an arrangement in which the business operations of Enterprise Asset & Service Business Management –segment is transferred to a new subsidiary which is completely owned by the company. The business transfer arrangement will be executed on 1.1.2015.
The purpose of the arrangement is to enhance group’s operations and controllability by dividing different business models to separate companies. New subsidiary concentrates strongly on research and development work and marketing of its own product branch while the parent company concentrates on providing software solutions to retail and logistics industries.
The arrangement does not have impact on the reporting structure of the group.
For further information:
CEO, Repe Harmanen
Telephone +358 (0)400 467 717
CFO, Antti Kärkkäinen
Telephone +358 (0)40 8444 393
NASDAQ OMX Helsinki