VTI looks for new efficiencies

The automotive business of VTI Technologies Oy has not developed according to expectations during this year. The market situation is expected to remain the same also in the coming year. That is why VTI is taking measures to improve profitability and secure a good operational basis for the near future.

Measures that were initiated to improve internal productivity in the first half of 2006 have proven to be right but insufficient. They need to be complemented by operational changes in the entire group.

Due to these reasons, VTI Group will start negotiations required by the Act on Cooperation with representatives of office staff on October 18, 2006.

More information: Tiina Olkkonen, Vice President, Corporate Communications, tel. +358 40 827 8844, e-mail tiina.olkkonen@vti.fi

VTI in brief

VTI Technologies is a global market leader of low-g acceleration sensors for automotive industry applications and Cardiac Rhythm Management (CRM). Application areas for the company's motion and pressure sensors include the Automotive industry, Sports & Wellness, Medical & Instruments as well as handheld Terminals. VTI develops and produces silicon-based capacitive sensors using its proprietary 3D-MEMS (MicroElectroMechanical System) technology, with application areas in acceleration, inclination, shock, vibration, angular rate and pressure measurement.

VTI is owned by EQT III private equity fund. VTI's net sales in 2005 totaled EUR 75 million and the company has approx. 700 employees. Along with the head office in Finland and the global partner network, VTI's international sales and marketing network includes offices in Germany, USA, Japan and China. Besides Finland, VTI also has manufacturing operations in Mexico. More than 99% of VTI's products are sold on international markets.