Aspo Plc
press release
November 1, 2022 at 8:30 am
asp has sold Kauko to signal partner
Aspo today completed the sale of Kauko to Signal Partners. Signal Partners is a Finnish company specializing in solutions and services related to mobility, information networks and their planning and maintenance.
“I am very pleased that we have found a new owner for Kauko. I believe that Signal Partners has both the willingness and the ability to continue Kauko’s long-term development. I would also like to thank Managing Director Juha Rytkönen for his good work in executing Kauko’s strategy,” said Rolf Jansson, CEO of Aspo Group.
Kauko is a specialist in demanding work environments and builds intelligent packages of devices, applications and services that ensure effective and smooth daily activities for employees even under challenging working conditions. In 2021 Kauko had 22 employees and had a net turnover of around 13 million euros. In December 2021, Aspo announced that the Kauko business segment was defined as Aspo’s non-core business and began evaluating strategic options.
The sale, including the loss on the sale and the transaction costs, will result in expenses of approximately EUR 1 million.
Aspo Plc
Rolf Janson
chairman
For more information, contact:
Rolf Jansson, CEO, Aspo Plc, +358 400 600 264, rolf.jansson@aspo.com
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www.aspo.com
asp creates value by owning and developing businesses sustainably and for the long term. Our companies strive for market leadership in their industries. They are responsible for their own operations, their customer relationships and their development with the goal of being at the forefront of sustainability. Aspo supports the profitability and growth of his company with the right skills. The Aspo Group has branches in 18 different countries and employs around 900 people in total.
