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PRESS RELEASE 21 Nov 2007

PÖYRY EXPANDS ITS FOREST INDUSTRY CONSULTING SERVICES PORTFOLIO IN NORTH AMERICA BY ACQUIRING PERFOREX INC.

Pöyry has expanded its management consulting services portfolio and market presence in the North American forest industry by acquiring Perforex Inc., Canada. The company's main operational bases are in Toronto, Canada, and Atlanta and Portland (Oregon), USA. The transaction strengthens Pöyry's position as the leading forest industry management consultant in the world, employing more than 300 experts globally.

 
Founded in 1993, Perforex is a company focusing on sustainable operations improvement and excellence in wood products and forestry operations. The company's business approach is based on specific operational metrics supported by data collection and proprietary analytical systems. Perforex has a strong reputation and counts amongst its clients leading wood products and forest operations across North America. The company's net sales in 2006 amounted to EUR 4.5 million and it employs 35 experts.
 
Following the transaction, Pöyry offers an expanded scope of asset appraisal and operations improvement services to its clientele. Suvi Anttila, President of Pöyry's Management Consulting business area comments: "The practical approach of the Perforex team to change management process is perfectly aligned with our technical ability to identify opportunities for improving asset performance. The combination of Pöyry's global perspective on operational excellence with Perforex's plant-level implementation skills will be of great value to companies in the forest industry value chain."
 
The entire business of Perforex will be integrated into Pöyry's forest industry management consulting organisation, and its senior management and leading staff members will take key positions within the forest industry management consulting business area in North America. Perforex Inc. will be consolidated into Pöyry as of November 30, 2007.
 
Pöyry is a global consulting and engineering firm focusing on the energy, forest industry and infrastructure & environment sectors. Pöyry's net sales in 2006 amounted to about EUR 620 million and it employs 7000 experts.
 
PÖYRY PLC
 
Satu Perälampi
VP, Corporate Communications and IR
 
Additional information by:
Jukka Nyrölä, President, Forest Industry Business Group, Pöyry Plc
Tel. +358 10 33 22010
Norman Lord, President, Forest Industry Consulting, North America
Tel. +1 514 233 5954
 
 
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