SCANFIL PLC INVESTED IN NEW BUSINESS AREAS
| 2010-01-07 PRESS RELEASE 1 JANUARY 2010 Scanfil plc has done investments in new business areas and has acquired 8.6% of the shares of Lännen Tehtaat Oyj operating in food industry and 18.7% of the shares of iLOq Oy, which manufactures and markets innovative locking solutions. In the spring 2008 Scanfil plc was split into an investment company, Scanfil plc, and a subgroup called Scanfil EMS Oy, which engages in contract manufacturing. Scanfil plc will concentrate in the ownership role of contract manufacturing and the new business sectors. The goal is to invest the company?s capital in a profitable way into selected businesses in the target companies. In the selected target companies, Scanfil plc strives to acquire such an ownership share, wherein it can actively influence the target company?s operations. Based on the goals of the investment activities Scanfil plc has executed two investments in new business areas and has acquired 8.6% of the shares of Lännen Tehtaat Oyj and 18.7% of the shares of iLoq Oy. Lännen Tehtaat Oyj (www.lannen.fi) is a company operating in the food industry and quoted on NASDAQ OMX Helsinki Ltd. The business operations of the Lännen Tehtaat Group consist of the Frozen Foods business, the Seafood business and the Grains and Oilseeds business. Lännen Tehtaat operates in the northern Baltic region. iLoq Ltd (www.iloq.com) is an innovation prize-winning company which develops, manufactures and markets innovative high security self-powered electromechanical locking solutions. In 2008 Company has been rewarded among others with the prize of IFSEC Security Industry Award in the category ?Physical Security Product of the Year? and the InnoFinland prize. The company was established in 2003. Company?s main office is situated in Oulu, Finland. SCANFIL PLC Harri Takanen President For additional information please contact: President Harri Takanen Tel +358 8 4882 111 |