Creowave Oy

Creowave Oy sells shares in Creowave Filters Oy with a transaction signed on 18.6.2019 and completed on 27th of June 2019, DA Group buys all the shares of Creowave Filters Oy. This deal is a continuation of our strategy change in 2013. At that point, we decided to focus 100% to the Oil & Gas sector within Creowave Oy. As a result, the Creowave Filters business was separated as a daughter-company within Creowave Group. We were very pleased to hear, that a Finnish, Privately owned technology Group focused on Defence sector, expressed their will to start to discuss the possibility to buy Creowave Filters. The new owner is a perfect match, there is clear synergies between the companies and hardly anything, where the companies are competing with each other.