Revenio Group Corporation has signed an agreement to sell the entire stock capital of Boomeranger Boats Oy to International Golden Group, domicile Abu Dhabi, UAE. In line with its strategy, Revenio is focusing on health technology and sale of non-core business supports this strategy. The parties have agreed not to disclose the sale price.
“The sale of Boomeranger Boats secures Finnish jobs, allows the company’s future growth as well as development work to continue in Finland. We are very satisfied to have a buyer with a long term objective of developing the company’s activities and strengthening the position of Boomeranger Boats as the leading company in its field,” states Revenio Group’s President and CEO Olli-Pekka Salovaara.
Read more: http://globenewswire.com/news-release/2015/02/25/709590/0/en/Revenio-Group-Corporation-Revenio-to-sell-its-RIB-business.html