PRESS RELEASE 10 May 2011
Pöyry strengthens its position in the Swiss rail engineering consultancy market
PÖYRY PLC Press release 10 May 2011 at 8.30 a.m.
Pöyry has expanded its presence in the Swiss market by acquiring pkag Paul Keller Ingenieure AG, a highly specialized engineering consultancy company active in the provision of electrical engineering and consultancy services, particularly for rail, metro, tunnels and other complex traffic systems. pkag was founded 1973 and today employs 42 highly specialised experts. It had net sales in 2010 close to EUR 4.7 million and the company will be consolidated into Pöyry's Urban and Mobility business group as of 1.5.2011. The parties have agreed not to disclose the transaction price.
pkag is based close to Zurich and its main fields of expertise are electrical engineering, telecommunications and power supply systems. pkag is recognized as an important know-how carrier and considered as the Swiss market leader in this expanding sector. The company also increases Pöyry's focus on complex and sophisticated telecommunications for sustainable mobility solutions. The company's current office network will also allow Pöyry to expand regionally into Southern and Western Switzerland. pkag will contribute to Pöyry's global services and large projects.
With this acquisition Pöyry continues to grow its position as a leading consultant in the engineering sector in Switzerland and Pöyry's clients will benefit from the latest state-of-the art know-how.
Additional information by:
Andy Goodwin, President, Urban & Mobility Business Group, Zurich, Switzerland
Tel. +41 76 356 2310
David Hossli, President, Business Area Switzerland and Asia, Zurich, Switzerland
Tel. +41 76 356 2077
Pöyry is a global consulting and engineering company dedicated to balanced sustainability and responsible business. With quality and integrity at our core, we deliver best-in-class management consulting, total solutions, and design and supervision. Our in-depth expertise extends to the fields of energy, industry, urban & mobility and water & environment. Pöyry has 7,000 experts and the local office network in about 50 countries. Pöyry's net sales in 2010 were EUR 682 million and the company's shares are quoted on NASDAQ OMX Helsinki. (Pöyry PLC: POY1V).