THE SALE OF THE HANGZHOU UNIT COMPLETED

SCANFIL PLC    STOCK EXCHANGE RELEASE      14 JULY 2020   13.30 PM


THE SALE OF THE HANGZHOU UNIT COMPLETED


On 29 June 2020, Scanfil announced that it will sell the entire share capital of its subsidiary Scanfil (Hangzhou) Co., Ltd. located in Hangzhou, China. The conditions for the execution of the transaction set out in the above release have been met and the transaction has entered into force definitively today 14 July 2020.

SCANFIL PLC


Petteri Jokitalo
CEO


Additional information:
CEO Petteri Jokitalo
Tel [phone]


Distribution
NASDAQ OMX, Helsinki
Major Media
www.scanfil.com


Scanfil is an international contract manufacturer and system supplier for the electronics industry with 40 years of experience in demanding contract manufacturing. Scanfil provides its customers with an extensive array of services, ranging from product design to product manufacturing, material procurement and logistics solutions. Vertically integrated production and a comprehensive supply chain are the foundation of Scanfil’s competitive advantages: speed, flexibility and reliability.


Typical Scanfil products include mobile and communications network devices, automation system modules, frequency converters, lift control systems, analysers, various slot and vending machines, and devices related to medical technology and meteorology. Scanfil services are used by numerous international automation, energy, IT and health service providers, as well as companies operating in the field of urbanisation. Scanfil’s network of factories consists of 10 production units in Europe, Asia and North America. The total number of employees is about 3,100.