Solteq Plc's Board of Directors accepted yesterday 12.3.2007 a share purchase agreement where Solteq acquires all the shares of Fulmentum Oy from two persons who are its shareholders. Fulmentum will transfer to Solteq's ownership and become a part of the Group from 16.4.2007 onwards. Fulmentum is a consulting and service company founded in 2000. It is specialised in global master data (product, customer and supplier data) harmonising and maintenance projects. Fulmentum and Solteq´s subsidiary Artekus Oy have done co-operation already for several years. Fulmentum utilises Artekus´ ArtConnect harmonising tool and SmartCollect data acquisition system in its harmonising projects. Through this agreement Solteq expands its offering to companies in trade and industry segments. ”In accordance with our strategy, we aim at providing our clients with solutions and services that cover the whole value chain of their business. Harmonising is a young and rapidly growing business area where we see a lot of growth opportunities in Finland as well as in other countries. The harmonising competence of Fulmentum brings added value to our existing and prospective customers in trade and industry segments”, explains Hannu Ahola, the Managing Director of Solteq. According to the research institute Gartner, harmonising the master data is a clear competitive advantage to companies and it is estimated to become one of the most significant methods in forthcoming years to make the data flow of business processes more effective. Harmonising the master data means making the company data to be accurate, precise and up-to-date. This way the duplicates in the company's enterprise resource planning system are being deleted and for example only one product code is given to one physical item in the IT systems. This makes among others the purchase, sales, material management and warehouse operations more cost effective. Fulmentum´s turnover for the period ended 31.1.2007 was 1,54 million euros and result was clearly profitable. The number of personnel is 19. The turnover of the company has doubled yearly in the last accounting periods. The company's clients are among others Outokumpu Plc, Outokumpu Technology Plc, Kone Plc, Nokian Tyres Plc and Moventas Oy. Harmonising projects are being carried out also in the forest industry companies. The company produces also the establishment and maintenance of items as a service to Outokumpu Plc and Outokumpu Technology Plc. Solteq pays the sales price in cash. The price consists of a basic price of 1,5 million euros and an additional price of 1,4 million euros at the maximum. The additional price consists of the possible financial benefit received from the ongoing and future projects of Fulmentum in the forthcoming three years. This acquisition does not affect the personnel of either company. Additional information: Solteq Plc Hannu Ahola, Managing Director, tel. +358 201 4444 or +358 40 8444 211, e-mail hannu.ahola@solteq.com Fulmentum Oy Jarmo Halmet, Managing Director, tel. +358 207 411 866 or +358 40 5272 239, e-mail jarmo.halmet@fulmentum.com Solteq in short Solteq provides IT solutions and services for industry and trade. Customers have added value and competitive edge through the company's almost 25-year experience, strong industry knowledge, partnership concept and the utilisation of international system and technology know-how. More information can be found in www.solteq.com. Fulmentum in short Fulmentum Oy is a consulting and service company, which is an acknowledged pioneer in harmonising in Finland and through its international customers also in foreign markets. Fulmentum makes the operations of its customers more effective by cutting the production costs and speeding up the supply and deliveries chain. More information can be found in www.fulmentum.com. Distribution: Helsinki Stock Exchange Key media
SOLTEQ ACQUIRES FULMENTUM AND EXPANDS ITS OFFERING TO MASTER DATA HARMONISING AND MAINTENANCE
| Source: Solteq Oyj