Majava receives additional resources for growth and internalization

30.06.2010

The entire share capital of Majavatuote Oy has been transferred to Majava Group Oy, the majority of which is owned by an investor group gathered by Helmet Business Mentors Oy. The key people, Petri Holappa and Mikko Rajala, will be notable minority stockholders in the parent company.

Majava Group Oy Board of Directors will consist of Helmet’s partners Pentti Kulmala and Timo Hyvönen as well as Majava’s key people Petri Holappa and Mikko Rajala. Petri Holappa has been nominated as the Managing Director of Majava Group Oy and he will also continue as the Managing Director of Majavatuote Oy.

Majavatuote Oy is currently the leading producer of boat trailers and trailers for passenger cars in Finland. The company has also initiated export to Sweden and Russia and growth outlook is very promising.

”The company has coped well in the challenging market situation in the recent years and succeeded in increasing net sales year by year. Now is the time for the next step including intense international growth. Through Helmet we will receive additional financial resources and knowledge to support the company’s development.” states Petri Holappa, the Managing Director of Majava.

”The firm has a very strong market position in Finland and its products are of very high standard. Due to changes caused by the EU legislation, the industry will alter strongly in the coming years, since quality criteria will become more strict. Majava has been the leader in the industry and has already received the first EU qualification approval. “ states Pentti Kulmala, Chairman of the Board of Directors of Majava.

Additional information:

- Chairman of the Board of Directors Pentti Kulmala, Majava Group Oy, Tel. +358 400 321 554

- Managing Director Petri Holappa, Majava Group Oy, Tel. +358 400 598 150

Majavatuote Oy, established in 1990, produces boat trailers and trailers for passenger cars. The company manufactures its products in Karkku and Pirkkala in Finland. The net sales amounted to 5.1 million euro in 2009 and the company employed 31 people on average. (www. majavatuote.fi)

Helmet Business Mentors Oy is a Finnish private equity investor specializing in ownership arrangements and industrial development and has invested funds in over 39 companies. Along with the four venture capital funds Helmet’s investors include Finnish and foreign private persons, insurance companies and other institutions. The core team of Helmet consists of experienced Finnish business leaders. (www.helmetcapital.fi)