21/11/2006
Cencorp Corporation acquires the share capital of TMD Test
Mechanic & Design Oy. Company is based in the City of Salo and it is specialized to product development services and manufacturing of product prototypes of electronics testing equipment. Seller in the acquisition is the personnel of TMD.
Purchase price consists of EUR 120.000 cash portion and possible earn-out portion which is based on revenue and turnover development of testing business. Earn-out will be paid by shares of Cencorp Corporation in year 2009. Maximum amount of earn-out portion is 1.000.000 new shares of Cencorp Corporation.
Acquisition strengthens testing equipment know-how of Cencorp Corporation and ensures rapid, flexible and customer-driven product development of testing solutions.
In Lohja, November 21, 2006
Cencorp Corporation
Board of Directors
Further information:
Jarmo Kanervo
Executive Vice President
Tel. +358 405278802
Cencorp develops and supplies automation solutions to the
electronics and semiconductor industry that enhance productivity.
Distribution:
Helsinki Stock Exchange
Main media
www.cencorp.com