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Etteplan significantly expands its sustainability services and acquires LCA Consulting

Press release – Published: 03.05.2022 9:00:00

Etteplan Oyj, Press release May 3, 2022 at 9.00 a.m. EEST

Etteplan strengthens its position as an expert in sustainable development and acquires LCA Consulting Oy, a provider of  high-quality expert services. Founded in 2013 as a spin-off at LUT University, LCA Consulting focuses on life cycle assessment of companies, products and production, carbon footprinting and expert training. LCA Consulting, based in Lappeenranta, Finland, employs 11 experts and its customer base consists especially of customers in industrial production and manufacturing, construction industry and public sector.

“LCA Consulting's expertise in promoting sustainable development is a significant addition to Etteplan's sustainability story and service offering. The aim of the acquisition is to accelerate the growth of our services related to the sustainable development. With the acquisition, we will be able to help companies determine the carbon footprint of their operations, production and product life cycle. In concrete terms, this significantly increases and complements the opportunities for Etteplan's engineering services and engineering work to help companies implement the green transition and achieve their sustainability goals, ” says Juha Näkki, President and CEO of Etteplan.

LCA Consulting provides its customers with information that supports more sustainable decision-making and helps develop even more sustainable operations. The information is used to improve the environmental performance of customers' operations, achieve carbon neutrality goals, promote the circular economy and support customers' environmental communications. For example, in addition to the numerical value of the carbon footprint, the carbon footprint calculation produces a clear overall picture of the factors influencing the carbon footprint. Thus, developments are being found towards a more environmentally friendly production processes and products.

“Potential synergies brought by the cooperation between Etteplan and LCA Consulting include the utilization of information from carbon footprint calculations and life cycle analyzes in engineering, such as production plant improvement and product electrification projects. I warmly welcome the sustainability experts of LCA Consulting to Etteplan, ” says Riku Riikonen, Etteplan's Senior Vice President for Engineering Solutions.

“The acquisition brings us many new opportunities for cooperation – as part of Etteplan, we can reach a wider range of customers and implement much larger and more diverse projects. This way the impact of our work in enhancing the green transition will be much wider than before, ” says Antti Niskanen, CEO of LCA Consulting.

In Lappeenranta, Finland Etteplan currently employs almost 100 engineering experts, and in Finland in total over 2, 000 experts in different fields.

For more information, please contact:
Juha Näkki, President and CEO, Etteplan, tel. +358 10 307 2077
Riku Riikonen, SVP, Engineering Solutions, Etteplan, tel. +358 50 522 8255 
Outi Torniainen, SVP, Marketing and Communications, Etteplan, tel. +358 10 307 3302 
Antti Niskanen, CEO, LCA Consulting, tel. +358 40 762 8444

Etteplan in brief

We are a rapidly growing technology service company specializing in software and embedded solutions, engineering solutions, and technical documentation solutions. We are a forerunner in the engineering industry and we differentiate ourselves by the wide-ranging competence of our experts. Our customers include world’s leading companies in the manufacturing industry. We help them to create a better world through engineering, innovation and digitalization. Etteplan has lead the way in the engineering field already since 1983. In 2021, we had a turnover of EUR 300.1 million. The company currently has over 3,800 professionals in Finland, Sweden, the Netherlands, Germany, Poland, Denmark and China. Etteplan's shares are listed on Nasdaq Helsinki Ltd under the ETTE ticker.