PRESS RELEASE 29 Aug 2006
PÖYRY STRENGTHENS ITS OPERATIONS IN THE ESTONIAN ENGINEERING SERVICES MARKET
Pöyry's Infrastructure & Environment business group has increased its ownership in Entec A.S., Estonia. Pöyry Environment Oy's ownership has been increased from the previous 42 per cent to 67 per cent of Entec's shares. Entec's net sales amount to about EUR 1 million and it has 30 employees. The transaction strengthens Pöyry's position in the Estonian engineering services market.
Founded in 1992, Entec A.S. specialises in consulting and engineering services in the fields of water supply, community planning, municipal engineering, waste management, environmental consulting and contaminated soils. The company has a leading position in its own business sector in Estonia. Its major clients are governmental bodies, cities, municipalities, industry, trade, construction companies and other private enterprises. The company will continue as an independent business unit within Pöyry.
Pöyry is a global consulting and engineering firm focusing on the energy, forest industry and infrastructure & environment sectors. Pöyry's annual net sales amount to about EUR 600 million and it employs 6000 experts.
Investor Relations Manager
Additional information by:
Jyrki Kaija, President, Pöyry Environment Oy
tel. +358 9 682 6400, +358 50 5640 730