INCAP HAS SOLD ITS MANUFACTURING PREMISES IN HELSINKI
INCAP CORPORATION STOCK EXCHANGE RELEASE 3 January 2008 at 1 p.m.
Incap has on 3 January 2008 sold its manufacturing premises located at Valuraudankuja 7 in Helsinki to Sponda plc. The sales price is EUR 5.3 million, of which a sales gain of approximately EUR 3.1 million will be recognised in Incap Group’s earnings for 2007.
The premises, approximately 5,700 square metres in total, are located on a land plot leased from the City of Helsinki. Incap’s manufacturing operations will continue on the premises as the same because the company has signed with Sponda a lease contract, which is valid until further notice.
Incap started to investigate the opportunities of selling its premises last October and commissioned Catella Property Oy to carry out the sale.
President and CEO
For additional information, please contact:
Juhani Hanninen, President and CEO, tel. +358 50 556 7199
Anne Sointu, CFO, tel. +358 40 347 2059
Hannele Pöllä, Director, Communications and Investor Relations, tel. +358 40 504 8296
OMX Nordic Exchange Helsinki
INCAP IN BRIEF
Incap Corporation is a fast-growing electronics contract manufacturer whose comprehensive service covers the entire product life cycle from design and manufacture to repair and maintenance services. The company’s main customers are leading equipment suppliers in telecommunications, electrical power technology, the automation and process industries as well as measurement technology, safety electronics and health care. The Incap Group’s revenue in 2006 amounted to EUR 89 million and the company currently employs approx. 750 persons. Incap’s share is listed on the OMX Nordic Exchange Helsinki. For additional information, please visit www.incap.fi