Vaahto Group Plc Oyj and Vaahto Group’s principal shareholders Hannu Laakkonen, Mikko Laakkonen and HML Finance Oy, Uutechnic Oy and Uutechnic’s shareholders, have signed an agreement to execute a contemplated transaction in which Uutechnic is acquired by Vaahto Group in a share exchange.

The transaction is estimated to be realized by the end of January 2016.

Vaahto Group enhances production processes in the paper, board, pulp, and process industries by developing and manufacturing equipment and services.

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