DESTIA: BUSINESS TRANSACTION WITH MITTA OY HAS BEEN COMPLETED
Mon 04 Jan 2016 01:30:00 PM EET
Destia Group Plc
Stock Exchange Release 4.1.2016, 1.30 pm (CET +1)
Destia: Business transaction with Mitta Oy has been completed
Destia Group Plc published on November 23, 2015 the signing of a contract concerning business transaction according to which Destia sells its survey, drilling and laboratory services to Mitta, a Finnish company located in Oulu specialized in land survey, measurement and laser beaming services.
The requirements of closing the business transfer agreement have been fulfilled in planned time schedule and the acquisition has been completed on December 31, 2015.
DESTIA GROUP PLC
Destia Group Plc, President & CEO Hannu Leinonen, tel. +358 20 444 4000
Mitta Oy, CEO Jari Lappi, tel. +358 43 2111 600
NASDAQ OMX Helsinki
Destia is a Finnish infrastructure and construction service company. We build, maintain and design traffic routes, industrial and traffic environments, as well as complete living environments. Our services cover the whole spectrum, from comprehensive over ground operations to subterranean construction. In 2014 the revenue of the Destia Group was over €430 million. Destia employs about 1,500 people.
Mitta is a Finnish consultancy company specialized in land survey and measurement, which acts as part of the value chain in construction globally. Mitta is a leading company in the Finnish market, which sectors are survey, laboratory, drilling as well as environmental and energy services. In 2014 the revenue of Mitta was 12.5 million euros. Mitta employs about 125 top professionals.