Etteplan continues to grow in the German engineering market, acquires BST Buck Systemtechnik GmbH
Etteplan press release September 29, 2021 at 9.00 a.m. EEST
Etteplan acquires BST Buck Systemtechnik GmbH from Brunsbüttel in the Northern part of Germany. The company specializes in Software Development, Process Automatization & Hardware Engineering and employs slightly more than 30 specialists. BST Buck Systemtechnik GmbH ‘s customers operate in Chemical, Pharmaceutical, Energy and Food & beverage industries.
“The acquisition of BST Buck Systemtechnik GmbH is a nice continuation in our growth story in Germany. It complements really well our current operations in industrial automation and process engineering and creates a stronger and wider growth platform for us in the important engineering market in Germany”, says Riku Riikonen, SVP, Engineering Solutions, Etteplan
The parties have agreed not disclose the price of transaction.
Currently Etteplan operates in 8 different cities in Germany and employs there more than 210 technical experts, more than 160 of them specializing in engineering solutions. Etteplan first started its operations in Germany through the acquisition of Arvato AG’s technical documentation business in 2015. In 2019 Etteplan expanded its operations in Germany to engineering services and acquired EMP Engineering Alliance and its some 100 industrial automation and process engineering specialists. In May 2021 Etteplan acquired technical documentation specialist F.I.T. Fahrzeug Ingenieurtechnik GmbH, who specializes in governmental utility vehicles and the defense industry.
”We look forward to our common future with Etteplan. The business operations of the companies support each other very well creating nice new opportunities to offer a wider range of services to our customers. Our personnel will also gain in this deal as Etteplan’s global network will offer them opportunities to work in new type of customer projects in Germany and also elsewhere”, says CEO and owner Andreas Buck from BST Buck Systemtechnik GmbH.
More information:
Riku Riikonen, SVP, Engineering Solutions service area, Etteplan, tel. + 358 50 522 8255
Outi Torniainen, SVP, Marketing and Communications, Etteplan, tel. +358 10 307 3302
Etteplan in brief
Etteplan provides solutions for software and embedded solutions, solutions for industrial equipment and plant engineering 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 2020, Etteplan had a turnover of approximately EUR 260 million. The company currently has over 3,500 professionals in Finland, Sweden, the Netherlands, Germany, Poland, Denmark and China. Etteplan's shares are listed on Nasdaq Helsinki Ltd under the ETTE ticker. www.etteplan.com