KYRO (GLASTON AS OF 1 JUNE 2007) ACQUIRES GLOBAL LEADER IN SOFTWARE FOR FLAT GLASS AND GLASS PROCESSING INDUSTRIES

Thursday, 31. May 2007 12:20



KYRO CORPORATION STOCK EXCHANGE RELEASE 31.5.2007
at 1.20 p.m.

KYRO (GLASTON AS OF 1 JUNE 2007) ACQUIRES GLOBAL LEADER IN SOFTWARE
FOR FLAT GLASS AND GLASS PROCESSING INDUSTRIES

- Glaston acquires German Albat + Wirsam Software AG Group
("A+W Group")
- A+W Group is the global leader in production management
and ERP software for flat glass, window and
door industries
- A+W Group net sales amounted to 23.1 MEUR in 2006, up by
11% from previous year
- A+W Group's EBIT in 2006 was 2.2 MEUR, up by 25% from
previous year
- Purchase price for 100% of the A+W Group shares is 21 MEUR

Glaston has today signed an agreement, according to which it will,
providing that the conditions it includes are met, acquire 100% of
the shares in Albat + Wirsam Software AG. The purchase price for the
entire share capital of the parent company and its main subsidiaries
is 21 million euros. The closing of the transaction is expected to
take place on 2 July 2007.

Glaston's President & CEO Mika Seitovirta comments:
"This acquisition is in line with our strategy and strengthens
Glaston's market leadership and One-Stop-Partner service concept.
With this acquisition, we gain a significant position in production
management software for glass processing. Production management
software solutions are increasingly requested by customers as
software is the glue that ties all the production machinery together
in an efficient way."
"Albat + Wirsam is the market leader in its field and a well-run
company with a convincing track record. The founders and the current
management team have been instrumental in building up the A+W success
story. As a Glaston group company, Albat + Wirsam will retain a high
level of independence and will continue to develop its business
together with its various technology partners to serve A+W's existing
and future customers in the best possible way," Seitovirta continues.

Dr Bernd Wirsam, Chairman of the Supervisory Board:
"As an optimization innovator and developer I am excited about this
opportunity, and what Glaston and we can offer to our clientele now
and in the future. With the combined expertise we are better
positioned to enlarge our software solutions portfolio to cover new
areas in glass production with a view to enhance production
efficiency of our customers."

Mr Günter Befort continues as the CEO of A+W Group, and will also be
member of the Glaston Executive Committee.
"I am convinced that belonging to the Glaston group will strengthen
A+W's global reach and support sales efforts especially in North
America and Asia."

As part of the transaction, Glaston and A+W founder Dr Wirsam have
agreed that Dr Wirsam will buy 329,904 shares of treasury shares
currently owned by Glaston for 3.99 euros per share.

Further information
Glaston's President & CEO Mika Seitovirta (+358 40 568 7715) and CFO
Kimmo Lautanen (+358 40 838 6181) are available by phone for further
information today, Thursday 31 May 2007, between 3.30 and 5.00 p.m.
Finnish time.
Glaston will host a breakfast meeting on the subject to
representatives of investors and media tomorrow, Friday 1 June 2007,
at 8.00-9.00 a.m. Finnish time at Hotel Scandic Simonkenttä,
Helsinki, Simonkatu 8. Those who wish to take part please enroll with
Executive Assistant Anne Koskela by phoning +358 50 568 5822 or
emailing anne.koskela-marie@glaston.net.

Linden, Germany, 31 May 2007

Kyro Corporation

Mika Seitovirta
President & CEO

Investor relations:
IR and Communications Manager Emmi Berlin, tel. +358 400 903 260 /
emmi.berlin@kyro.fi.

Albat + Wirsam Software AG Group

A+W Group, headquartered in Linden, Germany, is the market leader for
overall software solutions for the flatglass, window and door
industries. A+W offers customer-orientated solutions for the most
varied and complex production needs, encompassing production
planning, control and optimisation as well as individually tailored
ERP and commercial systems, bar-coding and CAD solutions. A+W has
recently strengthened its market position by developing a new
revolutionary optimization product, DynOpt, which via dynamic buffers
delivers streamlined, economic processes with optimum material yield
in perfect production sequence.

In addition to direct sales force in Germany, A+W has 15 own sales
offices around the world. A+W also sells through regional agents
(primarily Japan and Australia regions). A+W has a global customer
reference base of over 1,000 customers.

A+W was founded in 1977 by Dr Renate Albat and Dr Bernd Wirsam who
started together by developing an optimization algorithm and program
for glass cutting. The founders together own approximately 62% of the
shares in A+W Software AG, the rest being owned primarily by company
management. A+W Group has over 200 employees. Group net sales in 2006
amounted to EUR 23.1 (2005: 20.9) million.

Glaston Corporation

Glaston Corporation (as of 1 June 2007) is a growing, financially
solid international glass technology company. Glaston is the global
market leader and One-Stop-Partner in glass processing machines. Its
product range and service network are the widest in the industry.
Glaston's well-known brands are Bavelloni in pre-processing machines
and tools, Tamglass and Uniglass in safety glass machines.

Glaston's own glass processing unit, Tamglass Glass Processing, is a
local Finnish supplier of high quality safety glass products.

Glaston (KRO1V, GLA1V as of 4 June 2007) is listed on the Helsinki
Stock Exchange's (OMX) Mid Cap list.

www.kyro.fi
www.glaston.net

Distribution: Helsinki Stock Exchange, main Finnish and international
media, industry press


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Author:
Hugin
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