DESTIA ACQUIRES MAJORITY INTEREST IN ITS-VAHVISTUS, SPECIALISING IN FOUNDATION, ENGINEERING AND ROCK CONSTRUCTION

Destia Group Plc
Stock Exchange Release
22.3.2016 at 9:15 (CET +1)

Destia acquires majority interest in ITS-Vahvistus, specialising in foundation,
engineering and rock construction

Destia Ltd and ITS-Vahvistus Oy have today, 22 March 2016, signed a contract
concerning a transaction according to which Destia acquires the majority
interest in ITS-Vahvistus. The acting management of ITS-Vahvistus sells 51 per
cent of the company to Destia. In the new ownership arrangement the acting
management of ITS-Vahvistus will own minority interest, 49 per cent, of the
company. The parties have agreed not to disclose the transaction value. The
transaction is expected to be completed on 1 April 2016.

The revenue of ITS-Vahvistus was 7.6 million euros in 2015. The company employs
35 people. After the transaction has been completed the name of the company will
change to Destia Engineering Ltd. The current CEO of the company Arto
Niemeläinen will continue as the CEO also after the transaction has been
completed.

”ITS-Vahvistus has strong expertise in foundation, engineering and rock
construction, which reinforces Destia’s business portfolio and strengthens the
implementation of the strategic growth objectives. With the professionals and
the special fleet of ITS-Vahvistus, this transaction will enhance our ability to
serve our customers in a more versatile way to create demanding infra
solutions”, says Hannu Leinonen, President and CEO of Destia Group Plc.

”This transaction gives us strong reinforcement to implement our growth strategy
objectives. Destia’s resource base, wide geographical coverage in Finland and
experience of large projects with our expertise will constitute a multi-talent
entity and a strong foundation for growth. As a result of the transaction,
Destia will be versatile actor in infra construction market in the future”,
tells Arto Niemeläinen, CEO of ITS-Vahvistus.

DESTIA GROUP PLC
Corporate Communications

Further information:
Destia Group Plc, Hannu Leinonen, President & CEO, tel. +358 20 444 4000
ITS-Vahvistus Oy, Arto Niemeläinen, CEO, tel. +358 201 550 651

DISTRIBUTION:
Nasdaq Helsinki Oy
Key media
www.destia.fi/en

Destia:
Destia is a Finnish infrastructure and construction service company. We build,
maintain and design traffic routes, railways, industrial and traffic
environments as well as complete living environments. In 2015 the company’s
revenue was over MEUR 460. With 1 500 dedicated experts we build the bigger
picture, piece by piece. www.destia.fi/en

ITS-Vahvistus:
Operating in Finland and its nearby areas, ITS-Vahvistus specialises in subgrade
reinforcement work and rock construction. ITS-Vahvistus carries out all special
work for foundation engineering and subterranean construction. The company’s
most typical products and work methods include pile-driving, grooving and
tonguing, support-wall work, anchoring, concrete spraying, jet grouting and low
-pressure grouting and subterranean excavation and reinforcement. Founded in
1993, ITS-Vahvistus currently employs some 35 people and has a turnover of about
MEUR 7.6. The company has grown and diversified steadily and, in 2015, was one
of the leading small- and medium-sized industrial enterprises in the sector.