Negotiations of Incap and Lankapaja concluded
INCAP CORPORATION STOCK EXCHANGE RELEASE
8 February 2011 at 12:30 p.m.
NEGOTIATIONS OF INCAP AND LANKAPAJA CONCLUDED
The negotiations between Incap Corporation and Lankapaja Oy have been concluded with no result, and the letter of intent regarding the sale of the sheet-metal business of Incap's Helsinki plant has fallen through.
According to Sami Mykkänen, President and CEO of Incap, the termination of the contract negotiations does not change the company's targets. Incap continues developing the Helsinki plant to focus on the final assembly. The company's strategic target is to increase the share of deliveries of complete product packages to customers both in the energy efficiency and the well-being technologies.
Incap is looking for a partner who meets its targets in sheet-metal manufacturing. The partner should manage demanding sheet-metal manufacturing and be able to operate effectively and competitively in demanding markets.
President and CEO
For additional information, please contact:
Sami Mykkänen, President and CEO, tel. +358 40 559 9047
Eeva Vaajoensuu, Chief Financial Officer, tel. +358 40 763 6570
Hannele Pöllä, Director of Communications and Human Resources, tel. +358 40 504 8296
NASDAQ OMX Helsinki Ltd
INCAP IN BRIEF
Incap Corporation is an internationally operating contract manufacturer whose comprehensive services cover the entire life-cycle of electromechanical products from design and manufacture to maintenance services. Incap's customers include leading equipment suppliers in energy efficiency and well-being technologies, for which the company produces competitiveness as a strategic partner. Incap has operations in Finland, Estonia and India. The Group's revenue in 2009 amounted to EUR 70 million and the company currently employs approximately 770 people. Incap's share is listed on the NASDAQ OMX Helsinki. Additional information: www.incap.fi.