Savcor News
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On 28 November 2008 Savcor Group Oy acquired 5,311,213 shares of Finnish stock exchange listed company Cencorp Oyj. At the Extraordinary General Meeting of Cencorp Oyj on 22 December 2008, members approved the proposed financial and organisational arrangements. When all these arrangements are finalised, Savcor Group Oy will have minimum 60% of shares in Cencorp Oyj.
It is envisaged that Cencorp Oyj will purchase the entire share capital of Savcor Alfa Oy. A prerequisite for this purchase is that Savcor Alfa Oy will have acquired the business operations of Photonium Oy and Akseli Lahtinen Oy.
"The aim of the arrangement is to build Cencorp into a major company specialising in versatile and efficient automation solutions for the electronics industry. The laser know-how of Savcor Alfa together with the automation knowledge of Photonium Oy and Akseli Lahtinen Oy create remarkable synergies for our customers." states Hannu Savisalo, Chairman of the Savcor Group Oy.