Etteplan's Journey Etteplan has set the standard in engineering design for over 30 years. The company has been a pioneer in the development of engineering design and methods as well as new business models. For example, we anticipated the needs of our customers by being the first Nordic operator in the industry to open an office in China. The first productized services in the field of engineering design improve the efficiency of our customers’ operations and the competitiveness of their products. In 30 years, we have grown from a small engineering firm in a small town in Southern Finland into a global engineering company with top-class expertise and the most competitive service solutions in the industry. 2021: Etteplan enters Denmark and acquires TekPartner Entering Denmark through the acquisition of TekPartner, an engineering and IT company specialized in electronics and software, opens up new growth opportunities to Etteplan. 2019 & 2020: Strengthening presence through acquisitions During 2019 and 2020 Etteplan was successful in growing internationally: two acquisitions were made in Sweden, two in the Netherlands and after the acquisition of EMP Engineering, Etteplan started to offer engineering solutions in Germany. 2019: Supporting Neste in their digitalization Etteplan implemented project management, systems integration as well as a mobile payment app for Neste’s self-service store and developed back-end systems for Neste Easy Wash. 2019: Etteplan to Nasdaq Mid Cap market capitalization segment Starting from 2019 Etteplan quotes in Nasdaq Mid Cap segment where companies have a market value between 150 million euro and 1 billion euro. 2018: Etteplan acquired software company Eatech Oy Through the acquisition, Etteplan significantly strengthened its capabilities to deliver comprehensive digital solutions and software. 2017: Geographical expansion New offices opened in Beijing and Xi'an in China and Poznan in Poland. 2016: Acquisitions of Espotel and Soikea Solutions The acquisition reinforce Etteplan’s expertise in embedded systems and into the Internet of Things (IoT). New service area Embedded Systems and IoT was established. 2016: Success in strategic growth areas The share of Managed services exceed 50%. Continuous success for Etteplan’s outsourcing business. 2016: Engineering with a difference New brand promise and visual outlook were launched. 2015: Entering the German market Etteplan entered the German market through the acquisition of arvato AG’s technical documentation business. 2015: Expansion in plant engineering The acquisitions of SAV and Suomen Unit strengthened Etteplan’s market share in plant engineering. 2013: New vision launched “Our customers get the best service solutions anywhere at any time.” 2012: Latest methods and solutions in engineering design Etteplan is an industry forerunner in the development of advanced engineering methods and productized services. The services utilize the latest technologies and tools. 2009: Transfer to solution business Since 2009 Etteplan has gradually moved towards high value-added services and solution business. The change of business model enables growth and profitability. 2004: China operations commence Etteplan was the first Nordic engineering design company to establish an office in China. We have already served more than 120 customers in China. 2001: Increasing competence by acquisitions Competence base has been broadened in the 21st century by acquisitions especially in Finland and Sweden. The company became a significant partner e.g. to the aerospace and defense industry and medical equipment manufacturers. 2000: Internationalization and IPO Etteplan was listed on NM-list of Helsinki Exchanges in April 2000. Soon after the listing the company’s international operations department was established. 1998: Outsourcing as a new business model A new business model was introduced in 1998 when Valmet and Etteplan agreed on the transfer of 30 designers to Etteplan. Almost 500 designers in total have been transferred to Etteplan through outsourcings. 1985: First computer-assisted program Etteplan’s first loan was needed to buy a computer. In 1985 it came to cost FIM 320 000 (approximately EUR 54 000). 1983: Etteplan is founded Etteplan was founded by four engineering company entrepreneurs: Ensio Juotasniemi, Tero Elomaa, Tapani Mönkkönen and Esko Poltto. The initial component of the company name – Ette – originates from the initials of their first name. Etteplan strategy Go to Etteplan strategy Etteplan story Value creation model Purpose, vision and values Financial targets Acquisitions Etteplan story Read more Value creation model Read more Purpose, vision and values Read more Financial targets Etteplan updated its strategic and financial targets in December 2019. The targets for growth and profitability remained unchanged. Read more Acquisitions In acquisitions, which play a key role in our strategy, our focus is on increasing our competence capital and geographical expansion. Read more Board of Directors & Management Read more Operating environment Read more History Etteplan has set the standard in engineering design for 30 years. The company has been a pioneer in the development of engineering design and methods as well as new business models. Read more Events & webinars Read more Corporate responsibility At Etteplan, corporate responsibility is at the core of our day-to-day business as we design hundreds of sustainable solutions for the world’s leading machinery and equipment manufacturers every year. Our highly skilled personnel play a crucial role in fulfilling our customer promise. Go to corporate responsibility Financial responsibility Personnel and social responsibility Environmental responsibility Quality Code of Conduct Financial responsibility Etteplan’s operations have significant economic impacts on many different stakeholders. We pay taxes, wages, dividends and financial expenses and we purchase products and services.Etteplan’s financial performance has been strong for several years now. In 2020 our revenue decreased due to the global pandemic and was EUR 260.0 million (263.3). Our operating profit (EBITA) improved and was EUR 26.2 million (26.0). Etteplan currently operates in eight countries. We are committed to complying with all local, national and international laws and regulations in the countries where we do business and provide services. We pay taxes on our profits in all of the countries that we operate in. Read more Personnel and social responsibility Personnel and leadership development, providing career opportunities and treating employees equally are at the core of Etteplan’s human resource management. Etteplan’s Code of Conduct is the foundation of the company’s human resource management. Read more Environmental responsibility The day-to-day work of Etteplan’s environmental management is based on the standards specified in the ISO 14001 environmental system. The goals of our environmental policy include minimizing the environmental impacts of our own operations, training our personnel to recognize the environmental impacts of their work, and helping our partners observe responsibility in environmental matters. Read more Quality Read more Code of Conduct We want our employees and partners to be proud to work with us, and we want to create well-being for all our stakeholders, based on our values of customer-orientation, proactiveness and attractiveness. This is why we have written this new Code of Conduct. Its purpose is to clearly present and communicate our common set of ethical values and business principles to all employees, stakeholders and partners, as well as to provide guidance in our daily business. Read more
