PKC's strategy advances PKC Group Plc Company An

PKC Group Plc       Company Announcement   9 February 2017   8.20 a.m.

PKC's strategy advances

PKC's strategy to expand in Asia and rolling stock business advances. PKC is currently negotiating on the establishment of a joint venture with estimated annual revenue of over EUR 40 million with a Chinese wiring systems manufacturer. Parties have signed a letter of intent and the negotiations are estimated to be completed during Q2. PKC plans to expand into North American rolling stock market by acquiring a company operating in the rolling stock business in the USA with estimated annual revenue of about EUR 10 million. Parties have signed a letter of intent and the negotiations are estimated to be completed during Q2.

PKC Group Plc

Board of Directors

Matti Hyytiäinen

President & CEO

For additional information, contact:

Matti Hyytiäinen, President & CEO, tel. +358 (0)400 710 968

Distribution

Nasdaq Helsinki

Main media

www.pkcgroup.com

PKC Group is a global partner, designing, manufacturing and integrating electrical distribution systems, electronics and related architecture components for the commercial vehicle industry, rolling stock manufacturers and other selected segments. The Group has production facilities in Brazil, China, Finland, Germany, Lithuania, Mexico, Poland, Russia, Serbia and the USA. The Group's revenue from continuing operations in 2016 totalled EUR 846 million. PKC Group Plc is listed on Nasdaq Helsinki.