Decisions by VTI Technologies' Extraordinary General Meeting
VTI Technologies Oy's Extraordinary General Meeting on 15 October 2007 made the following decision concerning the composition of the Board:
Mr Bjørn Høi Jensen, Senior Partner of EQT Partners, was elected as a new member of the Board of Directors of the company. Mr Jensen is the Head of EQT Equity, and in this role he leads the EQT Equity business line and reports to the Managing Partner of EQT. Mr Jensen is a Board member in Sanitec Oy and Symrise GmbH.
Ordinary members of the Board of Directors of VTI are Dr Peter Grafoner (Chairman), Hasse Johansson, Kurt Hellström, Bjørn Høi Jensen, Petri Myllyneva and Tuomo Lähdesmäki, and deputy member Joonas Kettunen.
Tiina Olkkonen, Vice President, Corporate Communications, VTI Technologies Oy, tel. +358 40 827 8844, tiina [dot] olkkonen [at] vti [dot] 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.