April, the 16th, 2008
Solteq expands business operations to St. Petersburg
Solteq Plc consolidates its business operations by opening a sales office in St. Petersburg. OOO Solteq Russia was entered in the Russian Register of Companies. The objective of the St. Petersburg office is first to boost the Company's maintenance business.
At first, Solteq's services to companies operating in the St. Petersburg area will include maintenance and material management systems and data collection solutions. Existing maintenance clients in Russia include St. Petersburg's water purification plant and Nokian Tyres. Service selection will be expanded to cover data harmonization services and systems for trade and car sales.
Primary target groups in the St. Petersburg area consist of western-owned companies that have recently built production plants or have plans for investing in factories. Primary target industries include process and food industries and energy companies. Other potential clients include public administration organisations investing in utility networks and services.
We envisage notable potential for maintenance data systems in the St. Petersburg area, and competition appears relatively minor at the moment. Market growth is often accelerated by building of new production plants, which makes companies pay much more attention to maintenance systems. This combined with foreign investments creates interesting opportunities for Solteq. Our objective is to yield a significant part of our turnover in Russia in a couple of years, says Solteq's Managing Director Hannu Ahola.
Solteq's maintenance solutions enable industrial plants to anticipate service needs in their production lines, to monitor fault history, and to manage machinery maintenance material flows from purchase to storage. Maintenance system business is based on Solteq's proprietary software products and comprises one of the Company's primary focus areas. Maintenance experienced the greatest growth in relation to Solteq's other business operations in 2007. Growth is expected to continue in 2008.
About Solteq Plc:
Solteq Plc is a strategic partner for trade and industry with core competence in critical business IT solutions. Solteq combines its own products with those of world leading software companies to create custom-made solutions for client business development and resource planning. The solutions enable data refining, which helps clients in planning their business operations more effectively and improves their profitability. The Company turnover amounted to MEUR 27.9 in 2007. Solteq employs 270 persons. Detailed information is available at www.solteq.com.
For more information
Hannu Ahola, Managing Director
Tel. +358 (0)201 4444 or +358 (0)40 8444 211
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