Vaahto completes sale of its paper technology segment's service business

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Vaahto completes sale of its paper technology segment's service business

September 29, 2014 - 19:00

LAHTI, Finland, Sept 26, 2014 (Press Release) -

Vaahto Group has announced the sale of the Service business of Vaahto Paper Technology Ltd to a company to be incorporated by a group of investors represented by Antti Vaahto.

The sale of the business was completed on 26 September 2014. Vaahto Paper Technology's 47 employees in Tampere will transfer to the new employer in the sale of the business.

Along with the changes in strategy Vaahto Group focuses on Process Technology business. By the selling of the Service business, Vaahto Group is implementing the new strategy outlined by the Board of Directors. The sale also improves cash flow of the company for the fiscal year 2014.