Stock Exchange Releases

Technopolis Plc: Technopolis Signs a Significant Deal in Oulu with Renesas Mobile Europe

TECHNOPOLIS PLC   STOCK EXCHANGE RELEASE   February 8, 2011 at 15.00

 

Technopolis Plc: Technopolis Signs a Significant Deal in Oulu with Renesas Mobile Europe

Technopolis has signed a significant agreement with Renesas Mobile Europe Ltd in Oulu, Finland. Renesas Mobile Europe Ltd will lease 11,700 square meters in Oulu, for a rental period of several years, at the latest in December 2011. The agreement also covers a variety of services. The facilities will be transferred to Renesas Mobile Europe Ltd from Nokia Asset Management.

The Japanese Renesas Electronics Corporation acquired Nokia Plc’s wireless modem business in 2010. With this acquisition the wireless modem unit and its approximately 1,100 employees were transferred to Renesas Electronics Corporation. Renesas Mobile Europe Ltd has approximately 470 employees in Oulu.

 

Technopolis Plc

Keith Silverang
CEO
Tel. +358 40 566 7785
Distribution:
NASDAQ OMX Helsinki
Main news media
www.technopolis.fi