LEMMINKÄINEN CORPORATION PRESS RELEASE 22.12.2010 AT 9.00 A.M.
LEMMINKÄINEN STRENGTHENS ITS POSITION IN THE TECHNICAL BUILDING SERVICES MARKET IN THE OSTROBOTHNIA REGION OF FINLAND
Lemminkäinen has acquired full ownership of Ylivieskan Putkiasennus Oy. The acquisition further strengthens Lemminkäinen’s already good position in the technical building services market in Ostrobothnia. The parties have agreed not to disclose the transaction price.
Ylivieskan Putkiasennus Oy was established in 1964 as a technical building services business operating in and around the city of Ylivieska in Finland. The company currently employs seven people.
"This acquisition will enable us to provide better service to our customers in Northern Ostrobothnia. Enlargement of the service network will also help us to take better care of nationwide customer accounts that are important to Lemminkäinen," says Regional Director Matti Saarikoski of Lemminkäinen Talotekniikka Oy.
Lemminkäinen Talotekniikka Oy
Tel. +358 400 664 638
NASDAQ OMX Helsinki Ltd
Lemminkäinen Group operates in all areas of the construction sector. The Group's business sectors are Building Construction, Infrastructure Construction, Technical Building Services, and Building Products. As of 1 January 2011, the operations of Building Products will be transferred to the Infrastructure Construction business sector. Lemminkäinen's net sales in 2009 were approx. EUR 2.0 billion, of which international operations accounted for about one fifth. The Group employs some 8,600 people. Lemminkäinen Corporation's share is quoted on NASDAQ OMX Helsinki Ltd. www.lemminkainen.com