Solidium Oy has acquired 3.0 per cent of the shares in Konecranes Plc for EUR 93.0 million.
Konecranes is a world-leading group of Lifting Businesses, serving a broad range of customers, including manufacturing and process industries, shipyards, ports and terminals. Konecranes provides productivity enhancing lifting solutions as well as services for lifting equipment of all makes. The Group has 17,000 employees at 600 locations in 50 countries.
"Konecranes fits perfectly into Solidium's portfolio. The appealing factors for us are the company's strong market position combined with supreme technological expertise in the engineering industry value chain. Konecranes is a very interesting investment target and provides us with an opportunity for value creation. As Terex has now sold down its stake in Konecranes, the investment done by Solidium strengthens and stabilizes Finnish ownership in the company", says Solidium's Managing Director Antti Mäkinen.
Further information: Managing Director Antti Mäkinen, tel. +358 (0) 10 830 8905
Solidium is a limited company wholly owned by the State of Finland. Its mission is to strengthen and stabilize Finnish ownership in nationally important companies and increase the value of its holdings in the long term. The basis and core objective of Solidium's strategy is proper, value-enhancing asset management of its current holdings. Through its stakes, Solidium is a minority owner in twelve listed companies: Elisa, Kemira, Metso, Outokumpu, Outotec, Sampo, SSAB, Stora Enso, Talvivaara Mining Company, Telia Company, Tieto and Valmet.
The market value of Solidium's equity holdings was approximately 8.2 billion euros as of 23 May 2017.
Further information: www.solidium.fi/en (http://www.solidium.fi/en)
Konecranes is a world-leading group of Lifting Businesses, serving a broad range of customers, including manufacturing and process industries, shipyards, ports and terminals. Konecranes provides productivity enhancing lifting solutions as well as services for lifting equipment of all makes. The Group has 17,000 employees at 600 locations in 50 countries.
"Konecranes fits perfectly into Solidium's portfolio. The appealing factors for us are the company's strong market position combined with supreme technological expertise in the engineering industry value chain. Konecranes is a very interesting investment target and provides us with an opportunity for value creation. As Terex has now sold down its stake in Konecranes, the investment done by Solidium strengthens and stabilizes Finnish ownership in the company", says Solidium's Managing Director Antti Mäkinen.
Further information: Managing Director Antti Mäkinen, tel. +358 (0) 10 830 8905
Solidium is a limited company wholly owned by the State of Finland. Its mission is to strengthen and stabilize Finnish ownership in nationally important companies and increase the value of its holdings in the long term. The basis and core objective of Solidium's strategy is proper, value-enhancing asset management of its current holdings. Through its stakes, Solidium is a minority owner in twelve listed companies: Elisa, Kemira, Metso, Outokumpu, Outotec, Sampo, SSAB, Stora Enso, Talvivaara Mining Company, Telia Company, Tieto and Valmet.
The market value of Solidium's equity holdings was approximately 8.2 billion euros as of 23 May 2017.
Further information: www.solidium.fi/en (http://www.solidium.fi/en)
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Solidium Oy via Globenewswire
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Solidium Oy via Globenewswire
