The transaction involves paying QCM shareholders 1.9 million Satama shares, plus 3.7m euros ($4.5m) in cash. QCM has about 60 employees and annual sales of approximately 4.1m euros ($4.9m).
It expects to make an operating profit of 0.5m euros ($0.6m) in 2005, and Satama said the transaction would have a positive effect on its operating profit in 2006. It expects the annual savings from the deal to be about 0.4m euros ($0.5m) starting from the second quarter 2006.
