ROBIT PLC HAS COMPLETED SUCCESSFULLY THE ACQUISITION OF DRILLING TOOLS AUSTRALIA LTD

30.6.2016, 09:00 CET

ROBIT PLC COMPANY RELEASE 30 JUNE 2016 AT 10.00 A.M.

  

ROBIT PLC HAS COMPLETED SUCCESSFULLY THE ACQUISITION OF DRILLING TOOLS AUSTRALIA LTD

Robit Plc has successfully completed the acquisition of Drilling Tools Australia Ltd (DTA) in accordance with the purchase plan. The acquisition was signed and announced on 19th May 2016. The terms of the acquisition were accomplished on 30th June 2016 and Drilling Tools Australia Ltd (DTA) will be reported as a part of Robit Group from this date.

The acquisition is an important part of Robit Plc's global growth strategy. Through the acquisition Robit Plc reaches a strong foothold in Australian market and further strengthens its product portfolio.

ROBIT PLC

Harri Sjöholm, Chairman

Mikko Mattila, CEO

Further information:

Robit Plc

Harri Sjöholm, Chairman

+358 400 622 092

harri.sjoholm@robit.fi

Mikko Mattila, CEO

+358 40 736 7001

mikko.mattila@robit.fi

Skandinaviska Enskilda Banken AB (publ), Helsinki branch acts as the Company's Certified Advisor.

Tel. +358 9 616 28 101

Robit is a Finnish company selling and servicing global customers in drilling consumables for applications in tunneling, geothermal heating and cooling, construction, and mining industries. The company's business is divided into Top Hammer, Down the Hole and Digital Services business units. Robit has nine own offices and active sales networks in 115 countries and production in Finland, South Korea and Australia. The company is listed in Nasdaq Helsinki Ltd's First North Finland marketplace with trading code ROBIT. For more information, see www.robit.fi.   

Distribution:

Nasdaq Helsinki Ltd

Key media

www.robit.fi