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Vertu Looks to the Future Following Sale to Private Equity Group

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Luxury phone manufacturer, Vertu says that it is looking forward to a bright future following the sale of the business from Nokia to EQT VI.

With plans in place for further investment into the business and a strong product roadmap in development it will allow the brand to present an increased offering to both existing and new Vertu customers.

Vertu CEO Perry Oosting will continue to lead the business having done so since 2009. Oosting and his management team will be supported by a newly appointed non-executive board, chaired by former Nokia Executive Anssi Vanjoki.

"This is a logical and exciting new chapter for the Vertu brand" said Perry Oosting. " We believe that under the ownership of EQT VI our talented workforce, management team and non-executive board will form a formidable proposition to drive the business to the next level " .

Nokia retains a 10% minority shareholding in Vertu.

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Tags: vertu  nokia