Sale of Ponsse’s subsidiary in Russia completed

Ponsse Plc completed the sale of all shares in OOO Ponsse, its subsidiary that provided PONSSE services in Russia and Belarus. After the conditions of the transaction were met, Ponsse’s business operations in Russia transferred to OOO Bison, a Russian company, and the trade received the approval of the local authorities.

All facilities of OOO Ponsse, including spare parts warehouses and maintenance vehicles, as well as its personnel have been transferred to OOO Bison. Ponsse’s export and service operations in Russia have been suspended since 2 March 2022.

Ponsse announced its intention to divest its operations in Russia on 15 June 2022 and that it has signed a deed of sale regarding all shares in OOO Ponsse on 28 June 2022.