Exit Completed: company sold its business/assets or its part of the business to a local partner and leaved the market or liquidated local entity(ies)

Exited Exit Completed

Ponsse Plc is a company domiciled in Vieremä, Finland, a forest machine manufacturer run by the Vidgrén family. Ponsse manufactures, sells and maintains cut-to-length forest machines such as forwarders and harvesters and also builds their information systems.

Exit Completed: company sold its business/assets or its part of the business to a local partner and leaved the market or liquidated local entity(ies)

Exited Exit Completed
Revenue(RF), mln.USD
35
Assets(RF), mln.USD
26
Capital(RF), mln.USD
26
Glob.Revenue, mln.USD
794
Staff(RF), 2021
127
Taxes(RF), mln.USD
4

Ponsse Plc has completed the sale of all shares in OOO Ponsse, its subsidiary that provided PONSSE services in Russia and Belarus. After the conditions of the transaction were met, Ponsse's business operations in Russia transferred to OOO Bison, a Russian company, and the trade received the approval of the local authorities. 09.2023: BIZON LLC becomes the new founder of the organization. The entry about the founder of OJSC "PONSSE" was deleted.

The Company Statement
September 18, 2023

Ponsse divests its subsidiary in Russia. Ponsse Plc has completed the sale of all shares in Ponsse LLC, its subsidiary that provided PONSSE services in Russia and Belarus. After the conditions of the transaction were met, Ponsse's business operations in Russia transferred to LLC Bison, a Russian company, and the trade received the approval of the local authorities.

September 18, 2023Sale of Ponsse's subsidiary in Russia completed
August 07, 2022Ponsse sells its subsidiary in Russia to domestic company
June 28, 2022Ponsse divests its subsidiary in Russia
June 28, 2022Ponsse divests its subsidiary in Russia
June 28, 2022Ponsse divests its subsidiary in Russia - Ponsse
March 02, 2022Ponsse discontinues all operations in Russia and withdraws its profit guidance
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Company statements and statistical data are collected from open sources and official registers according to the methodology of the KSE Institute.
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