Incap is intensifying its corporate services by means of reorganisation

Tue Mar 5, 2013 11:00am EST

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Incap Corporation                                 
Stock Exchange Release    5 March 2013 at 6 p.m.                                                  


Incap Corporation is enhancing its operations and carrying out a reorganisation in its corporate
services. The company has today concluded the co-operative negotiations, which were launched on 18
January with the personnel working at corporate services in Finland.  The negotiations referred to
actions leading to increased efficiency of operations and to improved cost structure. A total of
20 persons were included in the negotiations, most of them working in Helsinki.  

As a result of the negotiations, the corporate services are reorganised so that a part of the
tasks will be transferred to the company's offices in Tallinn and Bangalore, the jobs of persons
working in Helsinki will be combined and some tasks will be centralised to Incap's units in
Kuressaare and Vaasa. The company trusts that this way it is possible to enhance the operations in
supporting functions like finance and administration, sourcing and IT.  

The reorganisation affects the work of ten employees. The contracts of five persons will be
terminated and the situation of further five employees will be evaluated later on. In addition to
the corporate office, Incap is running in Finland a plant in Vaasa, where the company employs 72
persons in the production of rotor component and mechanical parts.


Sami Mykkänen
President and CEO

For additional information, please contact:
Sami Mykkänen, President and CEO, tel. +358 40 559 9047 or +372 5553 7905
Kirsti Parvi, CFO, tel. +358 50 517 4569
Hannele Pöllä, Director, Communications and Investor Relations, tel. +358 40 504 8296

NASDAQ OMX Helsinki Ltd
Principal media 

Incap Corporation is an internationally operating contract manufacturer whose comprehensive
services cover the entire life-cycle of electromechanical products from design and manufacture to
repair and 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 610 people. Incap's share is listed on the NASDAQ OMX Helsinki Ltd. Additional


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Source: Incap Oyj via Thomson Reuters ONE