PRESS RELEASE 27 Jun 2005
JAAKKO PÖYRY GROUP EXPANDS ITS OPERATIONS IN SWEDEN
Jaakko Pöyry AB, which is part of the Jaakko Pöyry Group's Forest Industry business group, has expanded its operations in Sweden by acquiring the entire share capital of Scancontrol AB. Scancontrol's net sales are about EUR 4 million and it has a staff of 55.
Founded in 1995, Scancontrol is an automation and electrical engineering company specialising in industrial applications. Its main offices are in Lund and Helsingborg in southern Sweden. The company's expertise covers automation and electrical design for the paper, packaging and converting sectors.
The acquisition of Scancontrol AB reinforces Jaakko Pöyry's automation engineering services in Sweden and expands its operations into packaging and paper converting. Following the acquisition, Jaakko Pöyry will have some 250 experts in its employment in Sweden.
The Jaakko Pöyry Group's Forest Industry business group operates under the brand name Jaakko Pöyry. Its net sales for 2004 were EUR 186 million. The Forest Industry business group has offices in 19 countries and employs 2100 experts worldwide.
JAAKKO PÖYRY GROUP OYJ
Investor Relations Manager
Additional information by:
Tapio Aalto, President, Business Area European Offices
Tel. +358 9 8947 3401
Håkan Wessel, President, Scancontrol AB
Tel. +46 46 311 210
Lars I Johansson, President, Jaakko Pöyry AB
Tel. +46 60 59 51 00