ACQUISITION MAKES PÖYRY A MAJOR STRUCTURAL ENGINEER IN FINLAND
Pöyry Plc has signed an agreement to acquire 90.1 per cent of the share capital and votes of Pöysälä & Sandberg Oy, a Finnish company specialised in structural engineering. Together Pöyry Civil Oy and Pöysälä & Sandberg Oy will create the largest structural engineering company in the industrial investment building sector in Finland.
Founded in 1984 Pöysälä & Sandberg Oy is specialised in industrial building construction and structural engineering of office and commercial buildings. Its net sales amounted to EUR 7.5 million in 2006. The company employs about 100 experts in offices in Helsinki, Kuopio and Oulu in Finland.
Following the joining of forces, Pöyry will become the biggest structural engineer in the industrial investment building sector in Finland and a strong player in the office, commercial and public building sectors. Pöyry Civil Oy and Pöysälä & Sandberg Oy will be merged at the beginning of 2008.
Pöyry is a global consulting and engineering firm focusing on the energy, forest industry and infrastructure and environment sectors. Pöyry's net sales in 2006 amounted to about EUR 620 million and it employs 7000 experts.
VP, Corporate Communications and Investor Relations
Additional information by:
Stefan Nyström, President, Pöyry Civil Oy
Tel. 010 33 23101