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Etteplan acquires the Dutch-based Tedopres International

Stock exchange release – Published: 02.03.2012 10:20:00



Etteplan Oyj continues to invest in technical product information methods and expands operations in Europe by acquiring Tedopres International B.V.

Etteplan Oyj has signed on March 2, 2012 an agreement to acquire the entire share capital of the Dutch-based Tedopres International B.V. The target is to finalize the acquisition by March 5, 2012. The parties have agreed that the purchase price will not be made public. In 1974 established Tedopres currently employs approximately 85 persons and has offices in Best, the Netherlands and in Austin, USA. The company’s revenue in 2011 was approximately EUR 8 million.

Tedopres International provides innovative methods for the creation and distribution of technical product information. Company’s customers are global aviation and defence industry companies, equipment manufacturers in medical technology as well as mining and consumer electronics manufacturers based in Europe, Asia and North-America.

Tedopres International has developed groundbreaking service solutions and methods for controlled English (Simplified Technical English) and illustration (Simplified Technical Illustrations). Simplified Technical English was originally developed for the aviation industry to meet its high standards for technical product information. With the help of Tedopres solutions the quality of product information is improved and the high quality level enhances the usability and safety of products. With effective content creation methods the amount of text can also be shortened which leads to significant, up to 30-40%, cost savings in translations, printing and distribution of technical documentation. In addition Tedopres’ technology transferred with the acquisition enables innovative distribution of technical information for example in mobile terminal devices and speech applications.

After the acquisition Etteplan’s service solutions will cover all the sectors of technical product information from content creation to distribution. With Etteplan’s China offshoring service the  combination is unique in the area of technical product information.

Juha Näkki, President and CEO of Etteplan Oyj: “The signed agreement follows Etteplan’s strategy to continuously develop new methods according to its customers’ changing needs. The first-class service solutions of Tedopres complement Etteplan’s service offering in an excellent manner in technical product information and create even better growth opportunities for Etteplan both in existing and new customer industries”.

After the acquisition Etteplan has more than 300 technical product information specialists including the personnel in China units.

The acquisition has no effect in Etteplan Oyj’s financial guidance for year 2012.

Hollola, March 2, 2012

Etteplan Oyj

Board of Directors

Additional information:
Juha Näkki, President and CEO, tel. +358 400 606 372

Major media

Etteplan is a specialist in industrial equipment engineering and technical product information solutions and services. Etteplan’s engineering expertise and service products cover the entire life cycle of the client’s products. Our customers are global leaders in their fields and operate in areas like the automotive, aerospace and defense industries as well as the electricity generation and power transmission sectors, and material flow management.

Etteplan has comprehensive competence in electronics and embedded systems development, automation and electrical design, mechanical design and technical product information solutions and services.

In 2011, Etteplan had turnover of EUR 119.4 million. The company currently has more than 1, 600 experts in Finland, Sweden, and China. Etteplan’s shares are listed on NASDAQ OMX Helsinki Ltd under the ETT1V ticker.