DI&ESSE ETTEPLAN AND METSO PAPER COMO IN ITALY SIGNED
A CO-OPERATION AGREEMENT
According to the Letter of Intent signed in April, Di&Esse Etteplan
Srl, member of Etteplan Group and Metso Paper Como S.p.A, member of
Metso Corporation, have signed an agreement on transfer of selected
Metso Paper Como design services and co-operation for providing
complete engineering supply services such as detail mechanical
engineering, automation engineering and project related customer
documentation from Di&Esse Etteplan to Metso Paper Como. According
to the agreement 18 persons from Metso Paper Como will join Di&Esse
Etteplan. The new operation will be started as of 16th June 2004.
At the same time with the signing of co-operation agreement Etteplan
Oyj has increased its share of ownership in Di&Esse Etteplan to 70 %.
Presently Di&Esse Etteplan employs 17 persons in Bernate Ticino and
the company serves mainly automotive and machinery industries.
Di&Esse Etteplan will set up a design office also in Como, where the
new employees will be located.
The agreement supports Etteplans internationalisation and follows
Etteplan's strategy according to which the company offers industrial
technology design services geographically close to its key customers.
The target for Di&Esse Etteplan is to increase its business
operations by offering versatile and high-quality mechanical
engineering, electrical and automation design services to its
customers in Northern Italy.
Through this outsourcing operation, Metso Paper Como aims to improve
functional flexibility and cost efficiency in the design functions.
Metso Paper Como S.p.A belongs to Metso Paper, representing the core
business of fiber and paper technology of Metso Corporation, a global
supplier of process industry machinery and systems, as well as know-
how and aftermarket services. In 2003, the net sales of Metso
Corporation were EUR 4.3 billion and the personnel totalled
approximately 27,400. Metso Corporation is listed on the Helsinki
and New York Stock Exchanges.
Etteplan Oyj is one of Finland's leading engineering design companies
and supplies high-quality design services for the production and
product development processes of industrial technology. The core
areas of expertise are mechanical engineering, electrical engineering
and automation design as well as software development and electronics
design and EMC-services. In 2003, turnover of Etteplan Group was
51 MEUR. At the moment the company employs 957 persons in Finland,
Sweden, Germany and Italy. Etteplan Oyj is listed on the NM List of
Hollola, 11 June, 2004
Board of Directors
For additional information, contact: CEO Heikki Hornborg,
tel. +358 3 872 9011, GSM +358 400 873 063.
DISTRIBUTION: Helsinki Exchanges
Etteplan’s services cover engineering, technical documentation, embedded systems and IoT solutions. Our customers are the world’s leading companies in the manufacturing industry. Our services are geared to improve the competitiveness of our customers’ products 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 2017, Etteplan had turnover of approximately EUR 215 million. The company has over 3,000 professionals in Finland, Sweden, the Netherlands, Germany, Poland and China. Etteplan's shares are listed on Nasdaq Helsinki Ltd under the ETTE ticker.