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Vaahto Group Plc Oyj Postpones Closing of Sale of Vaahto Paper Technology's Project Business to Gebr. Bellmer GmbH


Wednesday, 27 Mar 2013 03:10am EDT 

Vaahto Group Plc Oyj announced that the arrangement from January 16, 2013 regarding the sale of Vaahto Paper Technology group's Projects business and the spare part and small projects businesses belonging to its Services business (the Business) to Gebr. Bellmer GmbH Maschinenfabrik of Germany (Bellmer) has been postponed from March 27, 2013 to April 15, 2013. The reason for the postponement is related to the IT process integration between the Business and Bellmer taking longer than expected. The purpose of this postponement is to ensure an efficient transfer process prior to the closing of the sale of the Business. 

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