ETTEPLAN OYJ INVESTOR RELEASE APRIL 16, 2008, at 09:30 1(1)
ETTEPLAN AND VATAPLE GROUP SIGN AGREEMENT TO DEVELOP ENGINEERING SERVICES IN
CHINA
Etteplan has signed an agreement with Vataple Group to join forces to develop
engineering design and technical information services in China. According to the
agreement the joint venture will be active on August 1, 2008. The joint venture,
Etteplan Vataple Technology Centre Ltd, will provide engineering design and
technical information services to Etteplan and its group companies. The
technology centre enables Etteplan to build new design capacity for its current
and new customers.
“The new technology centre provides us an excellent possibility to recruit and
develop personnel in China. Furthermore, the technology centre enables our
Shanghai business to grow and offer a full scale of services locally”, says
Matti Hyytiäinen, President and CEO of Etteplan.
Etteplan Vataple Technology Centre Ltd, which is located in Kunshan, is a wholly
foreign owned enterprise. Etteplan has an option right to by the majority of the
share capital of the company.
Etteplan Oyj is an industrial technology design and technical information
service provider. Etteplan's customers are global leaders in their own fields.
In 2007, Etteplan had turnover of 125.2 million euros, and ca. 2,000 employees.
Vataple Group is a privately held company which has operations in Australia, USA
and China. The company is headquartered in Hong Kong. Vataple Group is
specialised in airport equipment manufacturing, mechanical prefabrication and
assembly, and industrial park development.
Etteplan Oyj
For further information, please contact:
Matti Hyytiäinen, President and CEO of Etteplan Oyj, tel. +358 400 710 968
DISTRIBUTION:
OMX Nordic Exchange Helsinki
Principle media
www.etteplan.com
ETTEPLAN AND VATAPLE GROUP SIGN AGREEMENT TO DEVELOP ENGINEERING SERVICES IN CHINA
| Source: Etteplan Oyj