Etteplan Stock Exchange Release/Insider information July 4th, 2019 at 4:15 p.m.
Etteplan expands its operations in Germany into engineering services and acquires EMP Engineering Alliance
Etteplan Oyj expands its operations in Germany to engineering services and acquires EMP Engineering Alliance, a company specializing in industrial automation and process engineering. The acquisition is in line with Etteplan’s growth strategy, at the core of which is organic growth and strengthening the company’s expertise and market position through acquisitions. Previously Etteplan was offering services for technical documentation in Germany.
”The level of digitalization and automation is rising in the industry all the time. That is why I am very pleased that we are able to start offering engineering services in automation engineering in Germany as well. The acquisition is in line with our strategy, according to which our aim is to strengthen our presence in Central Europe and offer all our services in all the countries where we operate in. The acquisition supports our existing business in Germany and creates a stronger and wider growth platform for us in the important engineering market in Germany”, says Etteplan’s President and CEO Juha Näkki.
Established in 1984, EMP Engineering Alliance specializes in industrial automation and electrical engineering as well as process engineering, and has companies such as Bayer, Shell and ABB as well as a numerous amount of other process industry companies as customers. In 2018, EMP Engineering Alliance’s revenue totaled EUR 16.8 million, and it employs more than 130 experts in process automation in four different cities: Leverkusen, Berlin, Bottrop and Frankfurt. The parties have agreed not disclose the price of transaction.
Etteplan, which specializes in industrial equipment and plant engineering solutions, software and embedded system solutions, as well as technical documentation solutions, employs after the acquisition some 170 people in Germany in five different cities. Etteplan first started its operations in Germany through the acquisition of Arvato AG’s technical documentation business in 2015.
”We are excited about our common future with Etteplan. The business operations of the companies support each other well, which creates new kinds of opportunities to offer a wider range of services to our customers. The deal creates new opportunities also for our personnel: they become part of Etteplan’s global network and get a chance to work with Etteplan’s wide service offering and customer base”, says Josef Brandi, CEO for EMP Engineering Alliance.
Juha Näkki, President and CEO, Etteplan, tel.+358 10 307 2077
Outi Torniainen, SVP, Marketing and Communications, Etteplan, tel. +358 10 307 3302
Etteplan in brief
Etteplan provides solutions for industrial equipment and plant engineering, software and embedded solutions, and technical documentation solutions to the world’s leading companies in the manufacturing industry. Our services are geared to improve the competitiveness of our customers’ products, services and engineering processes throughout the product life cycle. The results of Etteplan’s innovative engineering can be seen in numerous industrial solutions and everyday products.
In 2018, Etteplan had a turnover of approximately EUR 236 million. The company currently has more than 3,300 professionals in Finland, Sweden, the Netherlands, Germany, Poland and China. Etteplan's shares are listed on Nasdaq Helsinki Ltd under the ETTE ticker. www.etteplan.com