Etteplan strengthens its expertise in production solutions and acquires Tegema from the Netherlands
Etteplan Press release September 9, 2020 at 4.00 p.m. EEST
Etteplan is strengthening its production related competences and know-how by acquiring Tegema from the Netherlands. Tegema provides production solutions, production cells and equipment for customers in the field of semiconductors, electronics, mobility, photonics and medical.The acquisition is another step in Etteplan’s international growth and also marks the start for engineering services in the Netherlands. Previously Etteplan was offering services for technical documentation in the country.
Tegema will bring new service components to Etteplan. Tegema is a production system integrator specializing in customized precision mechanics and mechatronics. It combines this experience with the latest robotics, software and assembly technologies. 100 experts work for Tegema in Eindhoven and Arnhem. In 2019 the company’s revenue was approximately EUR 11 million. The parties have agreed not to publish the purchase price.
“There is growing demand for customized and more intelligent production solutions. The increase in automation level and the fact that companies are moving forward in Industry 4.0 are driving this development. Combined with our existing know-how in production technologies, the acquisition strengthens our offering in this field and generates interesting growth potential”, says Etteplan’s President and CEO Juha Näkki.
“Etteplan is a leading engineering and software services company in Europe and a well-known company in technical documentation in the Netherlands. Etteplan’s global service offering and software capabilities combined with our production solutions and assembly knowledge offers us many new opportunities to develop new type of offering to customers. The acquisition will accelerate international expansion which I am sure will offer growth opportunities for the company and great development opportunities for our team and myself”, says Pierre van Lamsweerde, CEO of Tegema.
After the acquisition Etteplan employs some 200 people in the Netherlands in five different locations. Etteplan first started its operations in the Netherlands in 2012 through the acquisition of Tedopress technical documentation business. In 2019 Etteplan strengthened its presence in the Netherlands by the acquisition of the technical documentation specialist Triview Technical Communication BV from Soesterberg.
“The acquisition of Tegema fits well with our strategy as our intention is to expand our full service offering to all our current markets. Entering engineering services in the Netherlands is an important step in this direction. Our target is that more than half of our revenue comes outside Finland by 2024”, Juha Näkki concludes.
More information:
Juha Näkki, President and CEO, Etteplan, tel.+358 10 307 2077
Outi Torniainen, SVP, Marketing and Communications, Etteplan, tel. +358 10 307 3302
Pierre van Lamsweerde, CEO, Tegema tel. +31 40 2677 677
Etteplan in brief
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 2019, Etteplan had a turnover of approximately EUR 263 million. The company currently has over 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