Incap has sold its plant property in Vuokatti

Incap Corporation          

Stock Exchange Release                    17 June 2013 at 2 pm

INCAP HAS SOLD ITS PLANT PROPERTY IN VUOKATTI

Incap Corporation has sold its plant property located in Vuokatti to Vuokatti Superpark Oy, who is at present renting the premises and operating there an all-year activity park under the Angry Birds brand.  

The sales contract covers the real estate of approx. 18,570 square metres and a parcel of land of 10,400 square metres as well as the industrial premises of approx. 8,700 square metres, which have been built during 1987-2001. The sales price equals the book value of the property in Incap’s consolidated balance sheet on 31 March 2013. The sales have no substantial effect on the result. Incap is negotiating with the bank on the corresponding mortgage for the property in connection with the on-going negotiations concerning the company’s comprehensive financing arrangement.

The premises were left unused in 2010, when Incap concentrated its electronics manufacture in Europe to Estonia. The leasing contract with Vuokatti Superpark Oy was signed in August 2012, and the activity park started operating last December.

Sami Mykkänen, President and CEO of Incap Group: “I am very pleased now when the long-lasting sales efforts and negotiations have come to a conclusion. The leasing contract of the property last year was a good step forward, but our objective was all the time to find a buyer to the property. The sales contract is important to us, as it enhances the negotiations on our comprehensive financing arrangement. I am further delighted that the premises now have a new owner, who is ready to develop operations on long-term for the best of the Sotkamo region.”

INCAP CORPORATION

Sami Mykkänen
President and CEO

Further information:
Sami Mykkänen, President and CEO, tel. +358 40 559 9047 or +372 555 379 05
Kirsti Parvi, CFO, tel. +358 50 517 4569 or +372 555 620 35
Hannele Pöllä, Director, Communications and Investor Relations, tel. +358 40 504 8296

DISTRIBUTION
NASDAQ OMX Helsinki Ltd
Principal media
The company’s home page www.incap.fi

 

INCAP IN BRIEF
Incap Corporation is an international contract manufacturer whose comprehensive services cover the entire life-cycle of electromechanical products from design and manufacture to maintenance services. Incap’s customers include leading equipment suppliers in energy efficiency and well-being technologies, for which the company produces competitiveness as a strategic partner. Incap has operations in Finland, Estonia, India and China. The Group’s revenue in 2012 amounted to approximately EUR 64.1 million, and the company currently employs approximately 600 people. Incap’s share has been listed on the NASDAQ OMX Helsinki Ltd since 1997. Additional information: www.incap.fi.