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Uponor Oyj to Form Joint Venture with KWH Group

Thursday, 28 Feb 2013 06:00am EST 

Uponor Oyj announced that the Company and KWH Group have agreed on submitting a reply to the Finnish Market Court and continue their plan to establish a joint venture company combining both companies’ infrastructure businesses. The plan, announced in September 2012, has subsequently been analyzed by the Finnish Competition and Consumer Authority. On February 25, 2013 they proposed to the Market Court that the joint venture plan should not be approved. The Market Court will process the Competition Authority’s proposal within a period of three months, as defined by law, ending on May 25, 2013. 

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