Vaisala plans to restructure its business

Vaisala Corporation                                        
Stock Exchange Release               
January 27, 2015 at 9:00 a.m.

Vaisala plans to restructure its business

Vaisala is planning to restructure its business in order to strengthen the capability to implement its strategy and to increase agility. Vaisala continues to invest in its growth businesses and to develop products and services which combine customers' business expertise and Vaisala's technology leadership. The goal of the planned restructuring is to strengthen customer focus across all functions and to ensure operational efficiency through simplification.

Weather and Controlled Environment Business Areas face different market challenges and they operate with different business models. Weather Business Area is executing its renewable energy strategy and building new business around information services. In order to accelerate the implementation of this strategy Weather Business Area is planning to restructure its business under three business units:

• Meteorology, serving meteorological and defense customer groups
• Transportation, serving airports, roads, rail and maritime customer groups
• Energy, serving customers from renewable energy sector

Strategy implementation in Controlled Environment Business Area includes developing sales channel for life science and industrial customers, driving regional expansion and enhancing offering in order to create value for customers' operations. In order to accelerate the implementation of this strategy Controlled Environment Business Area is planning to restructure its business under three regions:

• Americas
• EMEA
• APAC

These regions are fully aligned with Vaisala's current reporting structure: Americas (North and South America), EMEA (Europe, Middle East and Africa), and APAC (Asia Pacific including Japan and Australia).

In order to foster the business areas to operate with different business models the current Service function is planned to be integrated into Weather and Controlled Environment Business Areas. In the proposed structure Information Services and Field Services would be part of Weather Business Area whereas Calibration and Repair Services would be part of Controlled Environment Business Area. Operations and support units including marketing are planned to continue as group functions.

"The aim of the planned restructuring is to accelerate Vaisala's growth strategy implementation. An integral part of the strategy is to drive efficiency through simplification both in the way we operate and develop our organization. By the planned consolidation of Weather Business Area into three business units and by making services an integral part of our Weather Business Area we can increase both our efficiency and customer focus. Controlled Environment Business Area is planned to be organized around three regions with full business responsibility. The aim is to increase customer focus and agility in this fast moving business. This will be further enhanced by accelerated portfolio renewal. The planned restructuring outlined above is a vital part of our strategy implementation aiming at 5% average annual growth and 15% operational profit," says Vaisala's President and CEO Kjell Forsén.

The proposed new organization is planned to be effective on April 1, 2015.

During the restructuring Vaisala will adhere to the local legislation and practices in each country. In Finland, Vaisala will initiate co-operation negotiations on February 2, 2015. The planned reorganization is expected to lead to a reduction in personnel. The reduction of employees is estimated to total 60 full-time equivalents out of which about 25 are estimated to be in Finland.

Vaisala will publish 2014 financial statements on February 12, 2015.

Further information
Kjell Forsén, President and CEO
Tel. [phone]

Kaarina Muurinen, CFO
Mobile [phone]

Vaisala Corporation

Distribution:
NASDAQ OMX Helsinki
Key media
www.vaisala.com

Vaisala is a global leader in environmental and industrial measurement. Building on 78 years of experience, Vaisala contributes to a better quality of life by providing a comprehensive range of innovative observation and measurement products and services for chosen weather-related and industrial markets. Headquartered in Finland, Vaisala employs approximately 1,600 professionals worldwide and is listed on the NASDAQ OMX Helsinki stock exchange. www.vaisala.com      www.twitter.com/VaisalaGroup

 

Vaisala plans to restructure its business

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Source: Vaisala Oyj via Globenewswire

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