Brief: Harvia, Bergman Sign LOI To Create Joint Venture In Japan

Harvia Oyj

07/03/2023 08:12

March 7 (Reuters) - Harvia Oyj  HARVIA.HE :
    * HARVIA TO BOOST SALES IN JAPAN BY ESTABLISHING A JOINT
VENTURE
    * HARVIA, BERGMAN HAVE SIGNED LETTER OF INTENT (LOI) ON 7
MARCH
2023 TO CREATE JOINT VENTURE IN JAPAN WITH MISSION TO BECOMING
SUBSTANTIAL LOCAL PLAYER IN ATTRACTIVE, GROWING JAPANESE SAUNA,
SPA MARKET
    * HARVIA WILL OWN 51%, BERGMAN 49% OF COMPANY
    * JOINT VENTURE WILL FOCUS ON SALES, MARKETING OF HARVIA'S
SAUNA,
SPA OFFERING ON JAPANESE MARKET, AND IT IS PLANNED TO BE
OPERATIONAL LATER THIS YEAR
    * IN 2023, PLAN IS TO INCREASE NUMBER OF HARVIA SAUNA & SPA
SHOWROOMS IN JAPAN TO TOTAL OF OVER 40

Source text for Eikon:  ID:nGNE4gCqPW 
Further company coverage:  HARVIA.HE 

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