PÖYRY EXPANDS ITS TRANSPORTATION BUSINESS BY ACQUIRING SPANISH ETT
PROYECTOS
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
www.poyry.com
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