Insider Information: Wetteri has signed a distribution agreement with SANY Northern Europe AB on selling SANY-earthmoving machinery – significant impact on market position

Wetteri Plc Insider Information 8 May at 17.30 EET

Wetteri Trucks Oy (formerly Suvanto Trucks Oy), a subsidiary of automotive growth company Wetteri Plc, has contracted earthmoving machines, e.g. excavators and wheel loaders, import and resale agreement with SANY Northern Europe AB. It is possible to expand the content of the agreement to also cover the rest of the SANY range of earth moving machines. The starting import and retail cooperation will significantly strengthen Wetteri’s market position in the heavy equipment business by expanding its offering from trucks to work machines.

The agreement has no effect on Wetter’s financial guidelines for 2024.

Aarne Simula, CEO & President, Wetteri Plc

“This agreement with SANY is the first import agreement in Wetteri’s history and opens completely new opportunities for expanding profitable business. Wetteri’s growth journey continues even stronger than before.”

Antti Ollikainen, CEO, Wetteri Trucks Oy

“I am very happy with our agreement on the import of SANY earthmoving machines and the representation of sales and maintenance in Finland. With SANY’s wide and further expanding product range, we can offer solutions for the needs of every customer of heavy equipment. We will also offer earthmoving equipment with an electric power line. The five-year warranty that SANY gives to its products, is a strong indication of quality.”

SANY Northern Europe AB is part of the Chinese conglomerate SANY, founded in 1986.

Wesley Q. Yang, president, SANY Northern Europe AB

“We are incredibly glad to finalize the signing of this partnership with Wetteri Trucks Oy as it’s a milestone for us at SANY in our ambition to make state-of-the art machinery readily available to each country in the Nordics. Finland was the last piece of the puzzle and Wetteri Trucks Oy is the perfect partner for us going forward. Wetteri has operated in the machine industry for a long period of time and the knowledge they possess both in terms of industry expertise and service makes them an ideal partner for us.”

Additional Information:

Aarne Simula, CEO and President, Wetteri Plc

Tel. 0400 689 613, aarne.simula@wetteri.fi

Antti Ollikainen, CEO, Wetteri Trucks ja Wetteri Power Oy

Tel:050 3732324, antti.ollikainen@wetteri.fi

Wetteri Plc – an entrepreneur-driven growth company in the automotive sector

Wetteri Plc is an entrepreneur-driven growth company in the automotive sector. The company engages in the retail sales of passenger cars, commercial vehicles and heavy vehicles, and produces maintenance and repair shop services for vehicles, from passenger cars to heavy vehicles. Headquartered in Oulu, the company has 49 locations in Finland. The company employs nearly 1,000 people, of whom around 70% work in maintenance and repair services. Wetteri promotes digitalisation in the automotive sector and is an important player on the common journey towards emission-free motoring. More information: sijoittajat.wetteri.fi/en/