Skip to content

Etteplan acquires LAE Engineering GmbH, an engineering company for automation technology in Germany

Press release – Published: 05.07.2023 12:00:00

Etteplan Oyj, Press Release, 5 July, 2023 at 12.00 P.M. EEST

Etteplan acquires LAE Engineering GmbH, an engineering company for automation technology based in Germany

Etteplan, a profitably growing technology service company serving world’s leading industrial companies, expands its presence in the German market by acquiring LAE Engineering GmbH. LAE Engineering is an engineering company that offers specialized expertize across electrical engineering planning, power generation, building and industrial automation, as well as information management systems, and industrial IT.

“Etteplan is very excited to welcome LAE Engineering to form a part of our German and global operations. LAE Engineering has built a strong reputation over its’ thirty years in business with a solid focus on customers, quality and technology led by an experienced team of about 70 employees. This is an important acquisition for Etteplan as it further enhances our presence in the German market. By adding LAE to our operations, we will serve our customers in Germany and beyond on a much broader scale, adding for example building automation into our offering”, says Juha Näkki, President and CEOof Etteplan.

“This transaction marks an important milestone in what has been a very successful journey for LAE Engineering so far, and I am happy that we are now part of the Etteplan. Etteplan shares many of the same success factors as LAE with a vision of collaborative, integrated expertize, a passion for serving customers and a strong focus on innovative solutions. They are a strong partner which will allow us to take the development of LAE further, which will benefit the team as a whole, the market and our clients”, says Werner Rensch, Managing Director of LAE Engineering.

With the acquisition of LAE Engineering GmbH, Etteplan continues on its international growth journey with the strategy and ambition to grow our full service offering to all current markets. After the acquisition Etteplan employs over 500 people in Germany in 15 different locations. LAE Engineering will be part of Etteplan from July 4, 2023.

More information:
Riku Riikonen, Senior Vice President, Engineering Solutions, Etteplan, tel. +358 50 522 8255
Outi Torniainen, Senior Vice President, Marketing and Communications, Etteplan, tel. +358 10 307 3302
Werner Rensch, Managing Director, LAE Engineering GmbH, Phone +49 6222 94894 33

LAE Engineering GmbH in brief
LAE Engineering GmbH has grown steadily and stably for 30 years. Six areas of competence around electrical and automation engineering in the environment of power generation, industrial plants and technical building equipment form the basis for integral solutions. We offer customized solutions from the planning of a plant/building to the digital integration of plants into management systems.

Etteplan in brief

We are a rapidly growing technology service company specializing in software and embedded solutions, engineering solutions, and technical communication 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 2022, we had a turnover of EUR 350.2 million. The company currently has some 4,000 professionals in Finland, Sweden, the Netherlands, Germany, Poland, Denmark and China. Etteplan's shares are listed on Nasdaq Helsinki Ltd under the ETTE ticker.