Itella Corporation has signed a letter of intent in terms of selling Logia Software Oy, a subsidiary owned by Itella, to Logia Software's management, Managing Director Markku Kokko and Business Unit Manager Seppo Marjamäki. The aim is to finalize the transaction later in the fall 2013.
The planned transaction is part of renewing Itella's ICT operating model, which started in spring 2013. In April, Itella announced that it will renew its ICT operating model and signed an extensive partnership agreement with IBM.
- Selling Logia Software is part of Itella's transformation. Our operating environment is in a state of change, and we want to focus more on our own core business, says Jukka Rosenberg, Senior Vice President, Itella Mail Communications.
Logia Software has more than 30 years' experience in providing and developing systems for delivery and warehousing. In the future, Itella will continue to be Logia Software's customer.
The objective of Logia Software's management is to develop and grow the company's business together with its employees.
- Our logistics software has been created through long-term and systematic development. We want to build on this foundation and grow our business, says Logia Software's Managing Director Markku Kokko.
Markku Kokko has been Logia Software's Managing Director since 2001. Business Unit Manager Seppo Marjamäki has worked for the company since 2004. Both Kokko and Marjamäki have an entrepreneurial background.
For more information and interview requests, please contact:
Jukka Rosenberg and Markku Kokko,
Itella MediaDesk, tel. +358 20 452 3366
Itella Group provides solutions for information and product flow management. Itella operates in the fields of mail communications, logistics, and financial management in Europe and Russia. Net sales in 2012 amounted to EUR 1,947 million. The number of staff is approximately 27,500. Corporate services are delivered under the Itella brand, while the Posti brand is used for services targeted at consumers in Finland. Further information is available online at www.itella.com.