Etteplan Oyj - Company Announcement

Etteplan strenghtens its position in plant engineering by acquiring SAV Oy - financial guidance changed

ETTEPLAN OYJ, STOCK EXCHANGE RELEASE, AUGUST 31, 2015, AT 09.30 A.M.


ETTEPLAN STRENGHTENS ITS POSITION IN PLANT ENGINEERING BY ACQUIRING SAV OY -
FINANCIAL GUIDANCE CHANGED 

Etteplan strengthens its position in plant engineering by acquiring Suunnittelu
ja Asennusten Valvonta - SAV Oy and its subsidiaries with contracts signed on
August 31, 2015. The transaction value is approximately EUR 7 million and the
purchase price is paid to the sellers with directed share issue and cash. 

SAV Oy, founded in 1993, offers plant engineering and project services to
industry. SAV Oy and its subsidiaries employ approximately 190 persons and the
Group has offices in eight different locations in Finland. SAV Group's revenue
in 2014 was approximately EUR 12.5 million. Synergy benefits achieved with this
acquisition are estimated to be approximately EUR 0.3 million per annum and to
materialize from year 2016. 

In addition to SAV Oy's business Etteplan acquires 100% share of ownership and
corresponding amount of voting rights in SAV Oy's subsidiaries. The purchase
price is partly paid in cash and partly with Etteplan shares. For the payment
of purchase price paid in shares, Etteplan will arrange a directed share issue
in which SAV Oy will subscribe 486,145 new Etteplan shares. 

The business of SAV Oy and its subsidiaries are transferred to Etteplan on
September 1, 2015. Personnel of SAV Oy and its subsidiaries continue in their
tasks in the service of Etteplan Group. 

SAV Oy's services cover the entire range of engineering phases from pre-studies
to the engineering and project management services required to implement the
investment, as well as check and start-up of the plant. The company serves more
than 120 customers. SAV Oy's customers operate in several different industry
domains. 

Juha Näkki, President and CEO of Etteplan Oyj: “The acquisition follows
Etteplan's acquisition strategy according to which we increase our competence
to respond even better to our customers' needs. With this acquisition Etteplan
gains significant market position in the area of plant engineering in Finland
and creates even better international growth possibilities for the Company.
Increasing the share of high value-added services is included in our financial
targets and plant engineering's project business supports also achieving this
target.” 

Acquisition has a positive effect on Etteplan Group's revenue and operating
profit for the year 2015. In conjunction with the acquisition Etteplan Oyj
updates its financial guidance given for year 2015. 

Financial guidance

We expect the revenue and operating profit for the year 2015 to grow clearly
compared to 2014. 

Previous financial guidance

We expect the revenue and operating profit for the year 2015 to grow compared
to 2014. 

Vantaa, August 31, 2015

Etteplan Oyj

Board of Directors


Additional information:
Juha Näkki, President and CEO, tel. +358 400 606 372
Outi-Maria Liedes, SVP, HR & Communications, tel. +358 40 756 9620


DISTRIBUTION:
NASDAQ OMX Helsinki
Major media
www.etteplan.com


Etteplan provides engineering services and technical documentation solutions to
the world's leading companies in the manufacturing industry. Our services are
geared to improve the competitiveness of our customers' products and
engineering processes throughout the product life cycle. The results of
Etteplan's innovative engineering can be seen in numerous industrial solutions
and everyday products. 

In 2014, Etteplan had a turnover of EUR 131.9 million. The company has 1,900
professionals in Finland, Sweden, the Netherlands and China. Etteplan's shares
are listed on NASDAQ OMX Helsinki Ltd under the ticker ETT1V.