Zwolle, 14 August 2007 – Wavin N.V., leading supplier of plastic pipe systems and solutions in Europe, today announces that it has signed an agreement to sell a non-core Finnish electronics activity to Indutrade AB (Sweden). The related unit markets and sells measuring devices and signalling equipment for remote monitoring of fluids that are kept in separators or tanks. In 2006, the unit employed 35 people and had revenues of approximately EUR 6.5 million.
The divestment will enable Wavin to further concentrate on the development of its core activities in Finland.
Parties have agreed not to disclose the financial details of the transaction.
About Wavin Wavin is the leading supplier of plastic pipe systems and solutions in Europe. The company provides essentials: plastic pipe systems and solutions for tap water, surface heating and cooling, soil and waste, rain- and storm water, distribution of drinking water and gas and telecom applications. Wavin is headquartered in Zwolle (The Netherlands) and has a presence in 27 European countries, and manufacturing sites in 16. The company employs approximately 6,700 people and reported revenues of EUR 1.5 billion for 2006. Outside Europe, it has a global network of more than 120 agents, licensees and distributors. More details about Wavin can be found at www.wavin.com
For further information:
Media Relations: Herbert van Zijl Telephone: +31 38 429 4209 E-mail: media@wavin.com
Investor Relations: Wouter van de Putte Telephone: +31 38 429 4209 E-mail: InvestorRelations@wavin.com
