Neste Engineering Solutions and Rejlers enter into strategic partnership - Rejlers acquires the Regional Business Unit of Neste Engineering Solutions
Neste Corporation, Press Release, 19 June 2019, at 8.30am (EET)
Neste Engineering Solutions has agreed to create a strategic partnership with engineering consultancy services company Rejlers. The partnership strengthens delivery capability and improves the focus of Neste Engineering Solutions.
As part of the partnership agreement, Rejlers will acquire the Regional Business Unit of Neste Engineering Solutions and the parties will make a long-term cooperation agreement. The Regional Business Unit of Neste Engineering Solutions consists of personnel and operations in Turku, Kotka, Oulu, Sweden and UAE, except for NAPCON Business Unit. The entire personnel of the Regional Business Unit will transfer to Rejlers with current terms and conditions of employment valid at the time of the transfer. They will continue to work with their current projects of Neste Engineering Solutions and other customers.
“The role of Neste Engineering Solutions is to enable Neste to become a global leader in renewable and circular solutions. It requires that we have good strategic partners to support and complement us. Rejlers is strong in the Nordic market and we have a long history of working together. Rejlers and those over 300 highly experienced professionals who will transfer from us to Rejlers will have a very important role in supporting Neste’s needs also going forward”, says Patrick von Essen, Managing Director of Neste Engineering Solutions.
President and CEO of Rejlers, Mr Viktor Svensson, is very delighted that Neste Engineering Solutions chose Rejlers as their strategic partner: “We are looking forward to a good and long-term cooperation with Neste Engineering Solutions and the customers whose projects we will continue as part of this business transaction. I am confident that this will be a very fruitful cooperation for us all and for the new colleagues who will transfer from Neste Engineering Solutions to Rejlers.”
The transaction is subject to the approval of the competition authority which is estimated to take 1-4 months.
Patrick von Essen, Managing Director, Neste Engineering Solutions, tel. +358 50 458 3220.
Viktor Svensson, President and CEO, Rejlers AB, tel. +46 706572026, email@example.com
Neste Engineering Solutions in brief
Neste Engineering Solutions offers high quality technology and engineering services, including engineering, procurement, construction and project management services for the Oil & Gas, Petrochemicals and Bio-industries. Our NAPCON products enhance process industry production optimization, quality and logistics, as well as operator training with simulators and games. We work in close cooperation with our strategic customers and have world-class knowhow in technology development and industrial investment projects. In addition to our head office in Porvoo, Finland, we operate in international Neste locations such as Singapore, Abu Dhabi, Rotterdam, Gothenburg, and in selected customer project sites. Neste Engineering Solutions employ approx. 1500 engineering professionals globally. Read more: neste.com/engineeringsolutions, napconsuite.com
Rejlers in brief
Rejlers is one of the leading engineering consultancy firms in the Nordic region. With our vision “Home of the learning minds” as a beacon, we create a platform for continuous learning, development and growth. Increased learning that creates added value for both customers and employees. We have nearly 2000 dedicated experts with cutting-edge expertise in technology areas such as energy, industry, infrastructure, real estate and telecom. We are close to our customers and are represented in a total of 70 locations in Sweden, Norway and Finland. In 2018, the company had a turnover of 2.4 billion SEK and its class B share is listed on Nasdaq Stockholm.
Neste in brief
Neste (NESTE, Nasdaq Helsinki) creates sustainable solutions for transport, business, and consumer needs. Our wide range of renewable products enable our customers to reduce climate emissions. We are the world's largest producer of renewable diesel refined from waste and residues, introducing renewable solutions also to the aviation and plastics industries. We are also a technologically advanced refiner of high-quality oil products. We want to be a reliable partner with widely valued expertise, research, and sustainable operations. In 2018, Neste's revenue stood at EUR 14.9 billion. In 2019, Neste placed 3rd on the Global 100 list of the most sustainable companies in the world. Read more: neste.com