Elektrobit Group Oyj - JOT AUTOMATION GROUP PLC PURCHASED OZO'S BUSINESS OPERATION IN THE USA
March 10, 1999
JOT AUTOMATION GROUP PLC PURCHASED OZO'S BUSINESS OPERATION IN THE USA
An agreement signed today transferred OZO Diversified, Inc's business operation to JOT Automation Group's US subsidiary, JOT Automation, Inc. A letter of intent concerning the transaction was announced Oct. 6,1998.
OZO's staff, research and development and entire production, including machinery, equipment and materials passed into the ownership of a new company, OZO Automation, Inc., which is completely owned by JOT Automation, Inc. David J. Wolenski was named president of OZO Automation, Inc.
With this transaction the JOT group increases its special expertise in automated substrate milling cells and PCB drilling equipment.
JOT Automation Group specializes in manufacturing and marketing production automation for the electronics industry. The group has subsidiaries in eight countries. On Dec. 31, 1998 the group employed 479 people and its turnover in 1998 was 399.1 million FIM. The company's shares are listed in the Helsinki Stock Exchange.
Oulunsalo, March 10, 1999
JOT Automation Group Plc
The Board of Directors
Jorma Terentjeff
President, CEO
