Patria Weapon Systems Oy and Komas Oy have signed a contract concerning transfer of Patria Weapon Systems Oy’s component manufacturing in Vammala, Finland to Komas Oy as of 16 December, 2006.

The contract includes selling the operations and machines, renting the facilities as well as co-operation and service agreements. Patria Weapon Systems Oy’s 14 employees will be employed by Komas Oy with current terms and conditions.

”Selling the component manufacturing supports our purpose to focus on our core competence area, which is designing, marketing and selling advanced mortar systems”, states Mr Jarmo Puputti, President of Patria Weapon Systems Oy.

”With this deal Komas Group further strengthens its machining business in Vammala but also in the entire Group. Additionally our strategic co-operation with Patria expands to include even this technologically demanding field”, states Mr Jukka-Pekka Nikula, President of Komas Oy.

Patria is a Defence and Aerospace Group with international operations. Patria’s key business areas are armoured wheeled vehicles, mortar systems, helicopters and military aircraft as well as life cycle support and defence electronics systems. Patria de-livers internationally competitive solutions to global markets based on own specialist know-how and partnerships. Patria’s owners are the Finnish State and European Aeronautic Defence and Space Company EADS N.V.

Komas is a growing, networked and international systems supplier in mechanical engineering industry offering machining, assembly, hydraulics and surface treatment services. The company has seven facilities in Finland and one in Poland, acquired in August. The Group’s yearly turnover is 95 million euros and it employs about 1000 persons.

Patria Weapon Systems
15.12.2006