Vertu Looks to the Future Following Purchase by EQT VI

LONDON, October 15, 2012 /PRNewswire/ --

Vertu, the market leader in luxury mobile phones, 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 successfully 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.

Vertu is the pioneer and leading manufacturer of luxury mobile phones. Created to complement the discerning customer's lifestyle, Vertu offers tailored, luxury services in combination with the finest in design, engineering and manufacture. With three distinct collections- Signature, Ascent and Constellation- Vertu uses innovations in manufacturing technology with traditional technology with traditional craftsmanship, assembling each phone at the company's headquarters in England. Vertu is available in over 500 stores, including over 70 Vertu boutiques, in 66 countries worldwide. For more information please visit http://www.vertu.com

For further media information, please contact:
Louisa McCarthy, Neville McCarthy Associates
louisa@nevillemccarthy.com
Tel:+44(0)20-7940-2900