Evli Alexander Management has acquired 100% ownership of Equatex Finland Oy

16.09.2016

EVLI ALEXANDER MANAGEMENT OY PRESS RELEASE SEPTEMBER 16, 2016 AT 1.30 PM

Evli Alexander Management Oy has acquired 100% ownership of Equatex Finland Oy and launches new name Evli Awards Management Oy (EAM).

Evli Alexander Management Oy (EAM) and Equatex Norway AS have signed an agreement whereby EAM will purchase ownership of Equatex Norway's Finnish subsidiary Equatex Finland Oy. This transaction will make Equatex Finland a wholly-owned subsidiary of Evli Alexander Management Oy. Evli Alexander Management will at the same time change its name to Evli Awards Management Oy and thereby maintain the well-established "EAM" brand.

The new EAM will continue its operations normally, as an ever stronger service provider combining the know-how of Equatex Finland Oy and centralizing incentive plan related services under the Evli group umbrella

With this transaction EAM will be a market leader offering services and specialized local know-how to Finnish companies with a global reach for their employees all over the world through the on-line Incentive-portal.

"Equatex has made a strategic decision to exit the Finnish market. By transferring the business to EAM, we are confident that our current clients will experience a positive migration and continued service with the new provider", says Finn L. Dahl, Head of Equatex Nordic.

The new Evli Awards Management will focus on providing share plan administration services in Finland and is looking at ever growing cooperation with Evli Bank's custody, brokerage, and wealth management businesses following the Banks acquisition of 100% in EAM in June 2016. EAM also has confident expectations of a new level of IT capability and portal development to further enhance the service and functionality both to corporate clients as well as share plan participants.

"EAM is proud to offer continuity in service to former Equatex Finland clients in Finland - which is ensured in part by the transfer of Mrs Anna Ainesjärvi, the country manager of Equatex Finland - on an as-is basis ensuring the same level of services, or at a broader spectrum, if required", says Pertti Helaniemi, Managing Director of Evli Awards Management Oy.

Further information:

Pertti Helaniemi, Managing Director, Evli Awards Management Oy, tel. +358 (0)9 4766 9421
Petri Pehkonen, Chief Operations Officer, Evli Awards Management Oy, tel. +358 (0)9 4766 9425