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Detection Technology to implement a new business structure and change its management group

Detection Technology Plc company announcement 31 December 2020 at 10:00 (EET)

Detection Technology to implement a new business structure and change its management group

Detection Technology will implement a new business and reporting structure as of 1 January 2021. The company has divided its Security and Industrial Business Unit (SBU) into two separate business units. The new business units are Security Business Unit (SBU) and Industrial Solutions Business Unit (IBU). The company’s Medical Business Unit (MBU) remains unchanged.

The company has also changed the net sales reporting method used in its financial reporting to match the new business structure. In the future, the company will report the development of the net sales of three business units.

President and CEO Hannu Martola says: “Our new organizational structure streamlines the development of our business in line with our DT-2025 strategy, makes the service in various customer segments even more effective, improves our ability to meet segment-specific needs, increases our internal efficiency and improves the transparency of our financial reporting. We believe that the new organizational structure will support profitable growth and our competitiveness.”

Juha Talasmäki (born 1979, M.Sc. Eng.) has been appointed Vice President of Industrial Solutions Business Unit and a member of the management group. He will be responsible for the overall development of business of the Industrial Solutions Business Unit globally. He will start working in his new position as of 1 January 2021 and will be reporting to President and CEO Hannu Martola.

Juha Talasmäki has worked for Detection Technology since 2015. He previously worked as Account Executive and as Account Manager and Product Manager in the Security and Industrial Business Unit. Before joining Detection Technology, he worked for ten years in managerial and expert positions in international sales and product management for Mirion Technologies (Rados) Oy.

Vice President of the former Security and Industrial Business Unit (SBU) and member of the management group Kari Hyvärinen has decided to pursue other opportunities outside of Detection Technology as of 11 April 2021. He has worked for Detection Technology since 2008. The company will launch a recruitment process for the position of Vice President of the Security Business Unit.

“I thank Kari Hyvärinen warmly for his long-standing valuable contribution to the development of our company and the Security and Industrial Business Unit and wish him all the best for his future endeavors. I also warmly welcome Juha Talasmäki to join our management group. His strong customer-oriented leadership will be a valuable asset in the development of our business.”

Further information
Hannu Martola, President and CEO
+358 500 449 475

Nordea is the company’s Certified Advisor under the Nasdaq First North GM rules.

Detection Technology Plc
Detection Technology is a global provider of X-ray detector solutions for medical, security, and industrial applications. The company’s net sales totaled EUR 102 million in 2019. The company has 280 customers in 40 countries. Detection Technology employs around 500 people in Finland, China, France, and the US. The company’s shares are listed on Nasdaq First North Growth Market Finland under the ticker symbol DETEC.

Distribution: Nasdaq Helsinki, key media, www.deetee.com