HANZA and Metalliset join forces

Today, the merger between Swedish HANZA and Finnish Metalliset Group was
finalized. The new group will consist of approx. 1500 people with a turnover
exceeding 160 MEUR. The deal is done partly in shares; therefore the resulting
company becomes a Finnish-Swedish owned company
HANZA Holding AB (publ), listed on Nasdaq First North, is a Swedish, fast
growing industrial business partner in manufacturing, with factories in
mechanics, electronics, cable harnesses and assembly of complex products. HANZA
also offers strategic advice on manufacturing operations, called MIG™. HANZA
employs about 1 000 people in Sweden, Finland, Central Europe, Estonia and
China.

Metalliset Oy is one of Finland’s most successful industrial companies, offering
high quality mechanical manufacturing. Metalliset has about 500 employees in
Finland, Central Europe, Estonia and China. Its customers are large, well-known
Nordic companies.

Today, the deal to merge the business, which was announced earlier this summer,
was finalized. The result is one of the market leaders in Northern Europe in
manufacturing.

The deal is valued at over 7 MEUR and consists of a cash part and share part,
resulting in the previous owners of Metalliset becoming the largest owners of
the new HANZA group.

"Metalliset is an extremely well-run business and this deal is an important step
for our further development” said Erik Stenfors, CEO of HANZA. "We see great
synergies and the management in Metalliset adds market-leading expertise in
mechanics”

"HANZA's business model with complete manufacturing solutions creates new
opportunities for our existing customers”, says Matti Hirvonen, CEO of
Metalliset. "Thus we see that this deal provides a continued good future for
Metalliset Group."
For more information please contact:
 (per.tjernberg@kullsvik.com)Erik Stenfors, Phone: +46 8 624 62 00, email:
erik.stenfors@hanza.com
Pauli Pöllänen, Phone: +372 5 590 2402, email: pauli.pollanen@metallisetgroup.fi

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