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Itella sells its majority stake in Confidea Business Consulting


Itella Oyj has sold its majority stake in the shares of Confidea Business Consulting Ltd. The shares were bought by individual sharesholders of Confidea Consulting who will continue to serve in management positions in the company. In connection with the transaction, Itella and Confidea Business Consulting signed a framework agreement under which Confidea Business Consulting will continue to provide Itella and its clients with consulting services connected to the management of the delivery chain.

- The motivation behind the deal is to give the individual owners of Confidea Business Consulting a real partnership stake in the company. Itella will continue to cooperate very closely with Confidea Business Consulting and to utilize its consulting services as part of Itella's logistics service totality, says Katri Sahlman, Development Director of Itella Logistics.

Confidea Consulting Ltd was established in 1989 and employs 11 consultants.

For additional information, please contact:
Katri Sahlman, Development Director, Itella Logistics, tel. +358 400817658,
email firstname.lastname@itella.com

Pekka Koskinen, Managing Director, Confidea Business Consulting, tel. +358 400 444 618,
email pekka.koskinen@confideaconsulting.com