Etteplan disposes company-held shares as part of acquisition earn-out

FINLAND


ETTEPLAN OYJ, STOCK EXCHANGE RELEASE, SEPTEMBER 25, 2014, AT 9.15 A.M.


ETTEPLAN DISPOSES COMPANY-HELD SHARES AS PART OF ACQUISITION EARN-OUT

Etteplan Oyj has agreed on payment of Tedopres International B.V. acquisition earn-out earlier than planned to accelerate the integration of Tedopres International B.V’s business operations into Etteplan Group. Etteplan announced the completion of the acquisition on March 8, 2012. Upon the completion of the acquisition the earn-out payment was agreed to be due in March 2015.

Earn-out will be paid partly in Etteplan Oy’s shares and partly in cash. Etteplan Oyj disposes 152,905 company-held shares on October 15, 2014. The proportion to be paid in cash will be paid in the first quarter of 2015.

The earn-out agreement has a positive influence on Etteplan Oyj’s result and the Company will make a EUR 0.5 million write-up in the third quarter of 2014.

Vantaa, September 25, 2014

Etteplan Oyj

Board of Directors


Additional information:
Juha Näkki, President and CEO, tel. +358 400 606 372


DISTRIBUTION:
NASDAQ OMX Helsinki
Major media

www.etteplan.com


Etteplan provides engineering planning services and technical product information 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 2013, Etteplan had a turnover of EUR 128.6 million. The company has more than 1,800 professionals in Finland, Sweden, the Netherlands and China. Etteplan's shares are listed on NASDAQ OMX Helsinki Ltd under the ticker ETT1V.