New owner to continue the rescue lift business of Sievi Capital's target company Nordic Rescue Group
04 Aprile 2023 - 10:00AM
New owner to continue the rescue lift business of Sievi Capital's
target company Nordic Rescue Group
Sievi Capital PlcPress Release 4 April 2023 at 11:00 am EEST
New owner to continue the rescue lift business of Sievi
Capital's target company Nordic Rescue Group
Nordic Rescue Group's (“NRG”) subsidiary Vema Lift Oy was
declared bankrupt in December 2022, and its business has been sold
to a new owner, which will continue the rescue lift business.
“The manufacturing of rescue lifts will continue in Kaarina in
the current premises, thus offering continuity to the personnel,
subcontractors and other partners in the area. The business will
continue through the newly established company which will operate
under the name Vema Lift Oy”, says Esa Peltola, CEO of NRG.
NRG's rescue lift business was declared bankrupt in December
2022 after prolonged financial difficulties. NRG is the largest
creditor of the bankruptcy estate. Ceasing the manufacture of
rescue lifts will not affect the operations of NRG's other
subsidiaries, Saurus Oy and Sala Brand AB. Sievi Capital owns 68.1%
of Nordic Rescue Group.
SIEVI CAPITAL PLC
FURTHER INFORMATION: CEO Ville Nikulainen, tel. +358 400 459
343
DISTRIBUTION: Major mediawww.sievicapital.fi
Sievi Capital is a partner for Finnish entrepreneurs. We are on
a transformation journey from a private equity investment company
into a multi-sectoral group. Our medium-term objective is to become
an industrial group built around the business of our target company
KH-Koneet Group. Sievi Capital’s share is listed on Nasdaq
Helsinki.
Grafico Azioni Kh Group Oyj (LSE:0NQK)
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