Done Solutions Corporation Stock Exchange Release
August 22, 2007, at 9:35 a.m.
DONE SOLUTIONS TO ACQUIRE THE STOCK OF BOOMERANGER BOATS OY
Done Solutions Corporation has acquired the entire capital stock of Boomeranger
Boats Oy from Timo Peräkylä and Jan von Haartman. The transaction price, to be
paid on a cash basis, is EUR 5.0 million.
Boomeranger Boats Oy, an intensively expanding and growing company, specialized
in boat building, designs, manufactures and sells customized Rigid Inflatable
Boats (RIB) primarily for the Baltic Sea market. The company is based in
Loviisa, Finland, and has a staff of 36. The company's website is at
www.boomeranger.fi. In 2006, Boomeranger Boats Oy posted net sales of EUR 4.1
million and its operating profit was EUR 0.4 million. However, its net sales and
operating profit for 2007 are predicted to be much higher.
The CEO and former main owner of Boomeranger Boats Oy, Timo Peräkylä MScEng
(47), will continue working for the company in his old position.
The acquisition of Boomeranger Boats Oy is in line with Done Solutions
Corporation's strategy of developing its business through company acquisitions
and will facilitate growth in the Group's net sales and operating profit in the
rest of the year.
Done Solutions Corporation
Juha Kujala
Acting CEO
For further information, please contact:
Juha Kujala, acting CEO, mobile +358 (0)40 7349017
juha.kujala@donesolutions.com
Timo Peräkylä, CEO, mobile +358(0)40 5696438,
timo.perakyla@boomeranger.fi
http://www.donesolutions.com
Distribution:
Helsinki Stock Exchange
Financial Supervision Authority
Major media
With its shares having been quoted on the Helsinki Stock Exchange since 2001,
Done Solutions is organized into four business areas: Systems (Done Logistics)
provides comprehensive intralogistics systems, based on automated
materials-handling and supporting information systems; Services (Done
Information) provides multilingual documentation and visualization services;
Health Care (Tiolat) designs, manufactures ja sells iCare-tonometers for eye
specialists and opticians; and Defense (Boomeranger Boats) designs, builds and
sells specially constructed boats to Military and Paramilitary as well as Search
and Rescue personnel.