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Pöyry Oyj (HEL:POY1V) PÖYRY PLC Press release 1 October 2008 at 4.45 p.m.
PÖYRY EXPANDS ITS TRANSPORTATION BUSINESS BY ACQUIRING SPANISH ETT PROYECTOS
Pöyry has expanded its transportation business and market presence in the infrastructure sector by acquiring the entire share capital of ETT Proyectos S.A, Spain. Employing 45 experts, the Madrid-based company had net sales of EUR 3.2 million in 2007.
Founded in 2002, ETT Proyectos provides engineering and consultancy services in the rail sector, including both conventional rail systems as well as high-speed rail systems. The company has also carried out a number of assignments in the area of logistics infrastructure. This acquisition supports Pöyry's strategy of expanding its transportation activities into the Spanish market, while at the same time providing synergies for Pöyry's established position in Latin America.
ETT Proyectos will be integrated into the Transportation business area of Pöyry's Infrastructure & Environment business group. The company's management and personnel will continue in Pöyry's employment after the acquisition. ETT Proyectos will be consolidated into Pöyry as from 1 October 2008.
Pöyry is a global consulting and engineering firm focusing on the energy, forest industry and infrastructure & environment sectors. Pöyry's net sales in 2007 amounted to about EUR 720 million and it employs 8000 experts.
PÖYRY PLC
Teuvo Salminen Deputy to President and CEO
Additional information by: Andy Goodwin, President, Transportation Business Area, Zurich, Switzerland Tel. +41 76 356 2310
