ETTEPLAN OYJ STOCK EXCHANGE RELEASE 8 AUGUST 2003 16.00 P.M.
ETTEPLAN ACQUIRED A MAJORITY STAKE IN
SWEDISH J.A. PRODUKTUTVECKLING AB
Etteplan Oyj has become a majority stakeholder in
J.A. Produktutveckling AB by 75 % interest. The companies have
signed a preliminary agreement concerning the transfer in May.
Etteplan is committed to buy the remaining 25 % by 01.01.2006.
The transaction was made by using the stocks Etteplan possesses as
payment. The contract price for the 40 % share implemented now was
J.A. Produktutveckling AB is engaged in providing product
development services mainly for automobile, electronics and
machine manufacturing industries. The company has annual sales
of approximately 9 million euros and it employs 114 persons.
The company is currently serving its customers on the Swedish
market with 7 offices in Alingsås, Göteborg, Jönköping, Malmö,
Norrköping, Stockholm and Trollhättan.
Etteplan Oyj is one of Finlands leading engineering design
companies. Etteplans customer base consists primarily of large
internationally operating companies. Customers are equipment
manufacturers as well as end-users in the wood-processing
industry, the process industry and the lifting and hoisting
equipment as well as electronics industries. The Groups areas
of expertise span machine technology, electrical and automation
design as well as software development and electronics design.
The company had turnover in 2002 of EUR 37 million and has at
the present moment a payroll of more than 900 employees in
Finland, Sweden, Germany and Italy. The company is listed on
the NM List of Helsinki Exchanges.
Hollola, 8 August 2003
Board of Directors
For additional information, contact: CEO Heikki Hornborg,
tel. +358 3 872 9011, GSM +358 400 873 063 or Financial Director
Ritva Mönkkönen, tel. +358 3 872 9012, GSM +358 400 485 878.
DISTRIBUTION: Helsinki Exchanges
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 some 3,400 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