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December 31, 2007
EB and Senfit Oy have signed an agreement, according to which the business of developing, producing and selling microwave technology based measurement products and solutions for industrial use will transfer to Senfit Oy as of December 31, 2007. The transferring business previously conducted by EB’s Mobile Terminal Solutions Business Unit does not belong to EB's core business according to its strategy.
8 EB employees will be transferred to Senfit Oy with corresponding terms of employment. The agreement does not have a significant impact on EB's balance sheet or result. The parties have agreed not to publish the purchase price or other agreement terms.
December 31, 2007
Elektrobit Corporation
Pertti Korhonen
CEO
FURTHER INFORMATION:
DISTRIBUTION: Principal media
EB, Elektrobit Corporation
EB creates advanced technology and turns it into enriching end-user experiences. EB is specialized in demanding embedded software and hardware solutions for automotive and wireless industries. The net sales for the year 2006 totalled MEUR 181.5. Elektrobit Corporation is listed on OMX Helsinki.
Senfit Oy (Sensors For Industry)
is a new company, established in 2007. The business idea ia to develop and deliver microwave based instruments for process industry. The company is offering also contract R&D services to selected customers.
December 31, 2007
Print this releaseEB, Elektrobit Corporation, Sells to Senfit Oy The Business Related to The Development of Microwave Technology Based Measurement Products And Solutions
Free for publication on December 31, 2007 at 1.00 pm. (EET)EB and Senfit Oy have signed an agreement, according to which the business of developing, producing and selling microwave technology based measurement products and solutions for industrial use will transfer to Senfit Oy as of December 31, 2007. The transferring business previously conducted by EB’s Mobile Terminal Solutions Business Unit does not belong to EB's core business according to its strategy.
8 EB employees will be transferred to Senfit Oy with corresponding terms of employment. The agreement does not have a significant impact on EB's balance sheet or result. The parties have agreed not to publish the purchase price or other agreement terms.
December 31, 2007
Elektrobit Corporation
Pertti Korhonen
CEO
FURTHER INFORMATION:
| Panu Miettinen CFO Tel. +358 40 344 5338 | Arto Pietilä Executive Vice President EB Mobile Terminal Solutions Business Unit Tel. +358 40 344 2397 |
DISTRIBUTION: Principal media
EB, Elektrobit Corporation
EB creates advanced technology and turns it into enriching end-user experiences. EB is specialized in demanding embedded software and hardware solutions for automotive and wireless industries. The net sales for the year 2006 totalled MEUR 181.5. Elektrobit Corporation is listed on OMX Helsinki.
Senfit Oy (Sensors For Industry)
is a new company, established in 2007. The business idea ia to develop and deliver microwave based instruments for process industry. The company is offering also contract R&D services to selected customers.