Correction: Summa Defence’s subsidiary Uudenkaupungin Työvene has acquired Olkiluoto shipyard to increase production capacity

Summa Defence Plc                                                        
Press release 12.6.2025 at 16:20 EEST
 

Summa Defence corrects the press release published on 12.6.2025 at 15:30 EEST. Summa Defence Plc's subsidiary Uudenkaupungin Työvene acquired the Olkiluoto shipyard from Aslemetals Oy on 12.6.2025, not from Asle Oy. The corrected press release is included below in its entirety.
 

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Summa Defence Plc's subsidiary Uudenkaupungin Työvene acquired the Olkiluoto shipyard from Aslemetals Oy on 12.6.2025. The transaction includes the shipyard as well as all buildings and equipment on the property. The land lease agreement transfers with the purchase.

"This is an important investment in our shipyard business and significantly increases our newbuilding capacity while also enabling us to ramp up repair business operations. Olkiluoto, together with Summa Defence's strong financial position, gives us the opportunity to grow our volume to a level that would not have been possible in our current facilities and with our own balance sheet. We will make significant investments in Olkiluoto's facilities and equipment during the summer and early autumn, and production is intended to start already during this summer. Our Uusikaupunki shipyard will also be very busy in the coming years, and there is no intention to transfer production from there to Olkiluoto," says Juha Granqvist, Managing Director of Uudenkaupungin Työvene.
 

"Summa Defence's subsidiaries have a strong order book of approximately 200 million euros. With the financing and support of the Summa Defence group, it is possible to scale up production quickly and increase volume to a completely new level," says Jussi Holopainen, CEO of Summa Defence.

SUMMA DEFENCE PLC
 

More information:
Jussi Holopainen, CEO
Phone: +358 44 517 4543
Email: [email protected]

Media contact:
Tommi Manninen, Chief Communications Officer
Phone: +358 400 437 515
Email: [email protected]

Summa Defence in brief

Summa Defence Plc is a Finnish defense and security technology group supporting industry growth and strengthening industrial production capacity amid geopolitical change. Summa Defence focuses on dual-use technologies related to security of supply, situational awareness, mobility, and defense, which benefit the civilian, security, and defense sectors while strengthening comprehensive security, security of supply, and crisis management capabilities.

The shares of Summa Defence Plc are listed on the Nasdaq First North Growth Market in Sweden (SUMMAS) and Finland (SUMMA). www.summadefence.fi/en/

The Company’s Certified Adviser is Augment Partners AB, [email protected], tel. +46 8-604 22 55.