Vaisala sells business to Sick Maihak

Vaisala has signed a contract to sell its oxygen measurement technology and business to Sick Maihak.

The divestment of oxygen business supports Controlled Environment's strategy to focus on the selected market segments of life science and high technology, building automation and targeted industrial applications. It will not have significant impact on Vaisala's operating profit or personnel.

The transfer of the oxygen measurement technology and business information will start immediately and the production is planned to be moved to Sick in Germany at the beginning of 2011.

"The sale of the oxygen measurement business strengthens our goal to focus on our chosen market segments. We are pleased that we found such a respectable buyer as Sick, who is committed to serve customers and invest in the technology and products further," states Kenneth Forss, Executive Vice President, Controlled Environment business area.