Etteplan acquires Elomatic’s engineering business in China
Press release – Published: 24.04.2014 6:00:00
Etteplan and Elomatic have agreed on the transfer of Elomatic’s Chinese engineering operations to Etteplan. In practice this means the transfer of 13 design engineers and the customers from Elomatic’s Chinese engineering business to Etteplan. The transaction does not include Elomatic’s Cadmatic software business in China.
Elomatic’s operations in China date back to 2008 and Etteplan’s to 2004. Etteplan is the first Nordic engineering company to have commenced engineering design operations in China.
– Etteplan’s business has been growing strongly in China and this acquisition will provide excellent support for our goals on the Chinese markets. Following the transfer of business we will be able to offer the customers transferring from Elomatic a more comprehensive service selection, says Etteplan’s President and CEO Juha Näkki.
– Elomatic will withdraw from development of mechanical engineering for the Chinese markets and focus on seeking growth in other geographical areas, especially Poland. We believe that Elomatic’s Chinese customers will continue to receive good and efficient service, says Elomatic’s President and CEO Olli Manner.
For more information, please contact:
Juha Näkki
President and CEO
Etteplan
Tel. +358 400 606 372
Outi-Maria Liedes
SVP, Communications & Operational Development
Etteplan Oyj
Tel. +358 40 756 9620
Etteplan in brief
Etteplan provides engineering services and technical product information solutions to the world’s leading companies in the manufacturing industry. Our services are geared to improve the competitiveness of our customers’ products 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 2013, Etteplan had turnover of EUR 128.6 million. The company currently has about 1, 800 professionals in Finland, Sweden, the Netherlands and China. Etteplan’s shares are listed on NASDAQ OMX Helsinki Ltd under the ETT1V ticker.
