Etteplan: Business transfer agreement of arvato AG acquisition completed
ETTEPLAN OYJ, STOCK EXCHANGE RELEASE, DECEMBER 31, 2015, AT 11:00 A.M.
ETTEPLAN: BUSINESS TRANSFER AGREEMENT OF ARVATO AG ACQUISITION COMPLETED
Etteplan Oyj published on October 26, 2015 the signing of a business transfer agreement with arvato AG, a Bertelsmann Group company. The requirements of closing the business transfer agreement have been fulfilled in planned time schedule and the acquisition has been completed on December 31, 2015.
The acquired business includes technical documentation services in Germany and in the Netherlands. The acquisition comprises arvato Technical Information B.V. as well as the part of arvato services technical information GmbH, which provides technical documentation services to industrial machine and equipment manufacturers as well as the defense industry. The acquired business employs 35 persons in the Netherlands and Germany. The business operations and personnel will be transferred to Etteplan on January 1, 2016. As part of the acquisition, Etteplan and arvato AG have agreed on strategic co-operation.
With this business transfer agreement Etteplan strengthens its position in Central Europe as a service provider in technical documentation and commences business operations in the German market.
Vantaa, December 31, 2015
Etteplan Oyj
Board of Directors
Additional information:
Juha Näkki, President and CEO, tel. +358 400 606 372
Outi-Maria Liedes, SVP, HR & Communications, tel. +358 40 756 9620
DISTRIBUTION:
NASDAQ OMX Helsinki
Major media
www.etteplan.com
Etteplan provides engineering services 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 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 2014, Etteplan had a turnover of EUR 131.9 million. The Company has approximately 2,100 professionals in Finland, Sweden, the Netherlands and China. Etteplan's shares are listed on NASDAQ OMX Helsinki Ltd under the ticker ETT1V.