Ponsse Plc
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PONSSE services in the Czech Republic have been transferred to Ponsse Czech s.r.o. – Jakub Hacura appointed managing director

Ponsse Plc has completed the share transaction related to its business activities in the Czech Republic. On 4 February 2022, Ponsse announced that it has signed a deed of sale, in which it undertakes to purchase all shares in Křenek Forest Service s.r.o., its PONSSE forest machine and service dealer in the Czech Republic.

The conditions set for completing the transaction have been met, and the transaction has now been completed. Ponsse Czech s.r.o., a subsidiary wholly owned by Ponsse, is responsible for Ponsse’s sales, spare parts and maintenance activities in the Czech Republic. Employees of Křenek Forest Service s.r.o., Ponsse’s previous dealer, will continue in Ponsse Group, ensuring the positive continuation of local business activities.

The transaction price was not made public by the parties’ mutual agreement, and the price has no impact on the measurement of Ponsse’s value. Ponsse’s local market share is approximately 20 per cent in cut-to-length harvesting.

Jakub Hacura appointed managing director of Ponsse Czech s.r.o.

Forestry engineer Jakub Hacura has been appointed managing director of Ponsse Czech s.r.o. starting from 1 April 2022. Hacura, a Czech national, has worked in managerial positions in PONSSE forest machine sales and maintenance at Křenek Forest Service s.r.o. since 2017.

Vieremä, Finland, 1 April 2022

PONSSE PLC
Juho Nummela
President and CEO

FURTHER INFORMATION
Juho Nummela, President and CEO, tel. +358 400 495 690

DISTRIBUTION
Nasdaq OMX Helsinki Ltd
Principal media
www.ponsse.com

Ponsse Plc specialises in the sale, production, maintenance and technology of cut-to-length method forest machines, and is driven by a genuine interest in its customers and their business operations. Ponsse develops and manufactures sustainable and innovative harvesting solutions based on customer needs.

The company was established by forest machine entrepreneur Einari Vidgrén in 1970 and has been a leader in timber harvesting solutions based on the cut-to-length method ever since. Ponsse is headquartered in Vieremä, Finland. The company’s shares are quoted on the NASDAQ OMX Nordic List.