Decisions by VTI Technologies' Extraordinary General Meeting
VTI Technologies Oy's Extraordinary General Meeting on 15 February 2008 made the following decision concerning the composition of the Board:
Mr Christian Sinding, Partner of EQT Partners, was elected as a new member of the Board of Directors of the company.
Ordinary members of the Board of Directors of VTI are Dr Peter Grafoner (Chairman), Kurt Hellström, Petri Myllyneva and Christian Sinding, and deputy member Joonas Kettunen.
Markku Hirvonen, CEO, VTI Technologies Oy, tel. +358 9 879 181, markku.hirvonen(@)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 (MicroElectroMechanicalSystem) 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 2006 totaled €72,4 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 the company's products are sold on international markets.