PRESS RELEASE 12 May 2008
PÖYRY EXPANDS ITS MINING SECTOR SERVICES IN FINLAND
Pöyry has expanded the services of its Infrastructure & Environment business group by acquiring 100 per cent of the shares of Geopale Oy, Jyväskylä, Finland. The company specialises in bedrock core drillings. Employing 14 experts, the company's net sales in 2007 amounted to EUR 1.1 million.
Founded in 1995, Geopale Oy has a clientele of exploration and mining companies, and its operations are concentrated to Eastern and Northern Finland. The owners who have participated in the business operations of the company will continue in Pöyry's employment after the transaction. Geopale Oy will be merged with Pöyry Environment Oy.
This acquisition strengthens Pöyry's position as a service provider to the mining and exploration industry as well as the company's expertise in subsurface investigations. Pöyry's exploration and bedrock research service sector in Finland expands to EUR 3.5 million during 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 7400 experts.
Deputy to President and CEO
Additional information by:
Jyrki Kaija, President, Pöyry Environment Oy, Finland
tel. +358 10 33 26400