Itella Corporation and the management of Logia Software Oy have today finalized a transaction according to the letter of intent signed in August, 19, 2013. Itella will sell its subsidiary, Logia Software, to its management, Managing Director Markku Kokko and Business Unit Manager Seppo Marjamäki.
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.
The contract price will not be published by the parties to the trade. Itella will continue as Logia Software's customer after the transaction.
For more information and interview requests, please contact:
Itella: Senior Vice President Jukka Rosenberg
Logia Software: Managing Director Markku Kokko
Itella MediaDesk, tel. +358 20 452 3366
Media release on the signing of the letter of intent on August 19, 2013
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.