Vaisala consolidates activities in the US
(Thomson Reuters ONE) - Stock exchange release Vaisala Oyj 11 February 2010 at 6 pmVaisala acquired the U.S. based Quixote Transportation Technologies, Inc. (QTT)in late December 2009 to grow its presence in the global road weather andinformation technology business.To achieve synergy targets related to the acquisition, Vaisala is consolidatingits manufacturing, depot and data services, and finance activities currentlylocated in Uniontown, Pennsylvania, St. Louis, Missouri and Durham, NorthCarolina. The former QTT manufacturing and finance functions will be transferredto Boulder Operations in Colorado, and the service functions to BoulderOperations and Boston Office, Massachusetts. These moves are intended toimprove operational efficiency, quality and customer service.The proposed consolidation activities will impact approximately 30 positions.Some of these positions are planned to be terminated, some outsourced and somerelocated.These consolidation activities are planned to be completed by October 2010.Further information:Helena MarjarantaSVP, CommunicationsTel. +358 40 581 9102Scott SternbergPresident, Vaisala IncTel. +1 (303) 499-1701About VaisalaVaisala is a global leader in environmental and industrial measurement. Buildingon more than 70 years of experience, Vaisala contributes to a better quality oflife by providing a comprehensive range of innovative observation andmeasurement products and services for meteorology, weather critical operationsand controlled environments. Headquartered in Finland, Vaisala employs over1300 professionals worldwide and is listed on the Nordic Stock Exchange,Helsinki. www.vaisala.com
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Datum: 11.02.2010 - 11:01 Uhr
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