11 Jan 2011 Management buys TWIG safety and tracking products business
Twig Com Ltd. now designs and manufactures TWIG products in Salo, Finland
Salo, January 11, 2011. Twig Com Ltd, a company founded by the management team of the TWIG safety and tracking products business, has acquired the TWIG business from GeoSentric Plc through a business purchase agreement signed on 10 January 2011.
Twig Com Ltd. designs and manufactures the TWIG line of products for personal safety and GPS tracking. Customer deliveries continue shipping today without interruption from the Salo, Finland site of Twig Com Ltd., comprising factory and logistics center, customer service and product development functions.
Majority of Twig Com Ltd. is held by the TWIG management team of Jukka Nieminen, Tomi Raita and Jouko Laine, with other personnel and external investors completing the shareholders list.
“I look forward to this opportunity to work with the TWIG team in developing a world-class business. Our bottom line is providing quality products and service to our customers, many of whom have been with us for years”, said Jukka Nieminen, chairman of Twig Com Ltd.
For further information:
Mr. Jukka Nieminen
Chairman of the board of directors, Twig Com Ltd.
+358 400 512275
Twig Com Ltd.
Meriniitynkatu 11, FIN-24100 Salo, Finland
Tel. +358 40 5105058
TWIG (www.twigworld.com) is a brand of Twig Com Ltd., a developer and manufacturer of personal safety and GPS tracking products and software. TWIG products are designed and manufactured by our experienced Salo, Finland team. TWIG Protector and other TWIG products are used in Europe and in other markets for lone worker protection, telecare and asset tracking, and integrate with TWIG and third party tracking and monitoring software.