The deal will be carried out through a holding company, Technopolis Kuopio Oy, with Technopolis Plc selling its business in the Kuopio region for €125M. Technopolis will not record any gains or losses on the transaction.

Technopolis owns 60% and KPY 40% of the holding company. As part of the deal, KPY will be entitled to increase its holdings in Technopolis Kuopio Oy up to 49% at fair value on the transaction date. The investment partner, Osuuskunta KPY, was founded in 1883 and is a long-term industrial owner and investor based in Kuopio. KPY has major holdings in Enfo Oyj, Voimatel Oy and Vetrea Terveys Oy. Osuuskunta KPY is owned by its 22,600 members.

Technopolis Kuopio will retain the Technopolis concept and branding. The deal includes a separate management agreement, which will be in effect for 10 years if Technopolis retains a minimum ownership of 30%. In the future, the holding company can invest in the expansion of existing campuses in the region, or in new growth projects.

In 2014, Technopolis' business in Kuopio generated net sales of €15.5M and Ebitda of €8.5M. Technopolis´ increase in cash reserves of €50 million will be spent on future growth investments and the repayment of short-term debt.