ETTEPLAN OYJ ACQUIRES THE ENTIRE SHARE CAPITAL OF ETECO OY
ETTEPLAN OYJ INVESTOR RELEASE APRIL 23, 2008, at 09:30 1 (1)
ETTEPLAN OYJ ACQUIRES THE ENTIRE SHARE CAPITAL OF ETECO OY Etteplan Oyj has today signed an agreement to acquire the entire share capital of Eteco Oy. In 1987 established Eteco Oy is specialized in calculation and design services for pressurized equipment and pipe systems. The company employs 11 persons. “The acquisition of Eteco Oy will strengthen Etteplan's position in providing services for power plant suppliers. This acquisition complements Etteplan's expertise in overall economic services,” says Matti Hyytiäinen, President and CEO of Etteplan. With the acquisition, Etteplan buys 100% of the shares and votes from the company's owner Jari Helin. The entire sum is being paid in cash. The closing of the transaction will take place by the end of June 2008. Mr. Jari Helin, the Managing Director of Eteco Oy and the entire personnel will continue in their present position in their tasks in the company. Etteplan Oyj is an industrial technology design and technical information service provider. Etteplan's customers are global leaders in their own fields. In 2007, Etteplan had turnover of 125.2 million euros, and ca. 2,000 employees. Hollola, 23 April 2008 Etteplan Oyj Matti Hyytiäinen President and CEO For further information, please contact: Matti Hyytiäinen, President and CEO of Etteplan Oyj, tel. +358 400 710 968 Jari Helin, Managing Director of Eteco Oy, tel. +358 500 630 996 DISTRIBUTION: OMX Nordic Exchange Helsinki Principle media www.etteplan.com