Integration of Itella Finland Ltd and Elma Electronic Trading

Finland Post Group’s leading information logistics subsidiaries, Itella Finland Ltd and Elma Electronic Trading, will join forces. Although operations under the new organisation began on 1 September, the companies will see their combination take legal effect on 1 January 2007.

With a combined staff of around 900 and net sales of EUR 115 million, the new company forms part of Itella Group which operates in eight Northern European countries. It is a top expert in electronic messaging services, eInvoicing, printing services, data management and marketing.

This integration will enable the new company to provide corporate customers with an increasingly seamless service package for invoicing and customer relationship management, and generate greater efficiency in their customer service processes. With respect to consumer solutions, consumers can choose how and in what form they wish to receive their invoices – in printed form delivered to their letterboxes, or electronically to their online bank or Netposti.

Vuokko Skyttä, Itella Finland’s Managing Director, has also acted as Elma’s Managing Director since 1 September. Jari Annala, Elma’s former Managing Director, will take up his duties as Director of Business Development, Information Logistics, Finland Post Group.

Itella

Itella provides solutions for communications which are going digital. Its solutions range from digital printing, electronic invoicing and e-transaction services to data management and marketing services. With a staff of 1,500 basedin Finland, Sweden, Norway, Denmark, Germany, Estonia, Latvia and Lithuania, Itella, a Finland Post Group company, reported net sales of EUR 186 million in 2005.