Du är här


Pöyry Oyj: Pöyry sharpens its focus in Finland by divesting significant parts of its Finnish real estate design & consulting and construction management busi

Pöyry sharpens its focus in Finland by divesting significant parts of
its Finnish real estate design&consulting and construction management

PÖYRY PLC Company Announcement 22 April 2014 at 10:00 a.m.

Pöyry is divesting significant parts of its real estate design and consulting
business, and its construction management business for the real estate and
infrastructure sectors in Finland to Ramboll Finland Oy. The transaction is
in direct alignment with Pöyry's focused strategy, where Pöyry is developing
its services in key domestic markets, as well as strengthening its global
competences in energy, industry and management consulting.

The Parties have agreed not to disclose the transaction price. The closing of
the transaction is subject to the approval of the Finnish competition

The transaction includes Pöyry's real estate design and consulting business in
Pöyry Finland Oy, comprising activities in real estate consulting, related
Heating, Ventilation, Air Conditioning (HVAC) and electrical engineering for
buildings, as well as urban&regional planning. The transaction also includes
Pöyry CM Oy which conducts construction and project management services for
the real estate and infrastructure sectors, and its Russian affiliate Pöyry
LLC, which mainly includes real estate-related construction management

The total combined annual net sales of the divested business was approximately
EUR 44 million in 2013. As part of the transaction, around 435 people will
transfer from Pöyry to Ramboll Finland Oy. Upon closing the transaction, it
is anticipated that the company's net result will improve by approximately 16
million euros.

After the transaction Pöyry will employ around 1600 experts across Finland.
Pöyry is the leading consulting and engineering company in Finland in its
selected focus areas - industry, energy and infrastructure comprising
transportation, water and environment.

Alexis Fries, President and CEO:

"Today's announced divestment in Finland will directly support our focused
strategy. We are continuing to strengthen and develop our consulting and
engineering expertise within our traditional areas of industry and energy
global competence, and locally, providing selected infrastructure services to
clients regionally and within our key countries.

We are pleased to have found in Ramboll a good match, securing a new home for
this business and the talented team of professionals who make it success."

Additional Information:
Pasi Tolppanen, President, Regional Operations, Northern Europe&Managing
Director, Pöyry Finland Oy
+358 10 33 26656
Jukka Pahta, CFO, Pöyry PLC
tel. +358 10 33 26088

Pöyry is an international consulting and engineering company. We serve clients
globally across the energy and industrial sectors and locally in our core
markets. We deliver strategic advisory and engineering services, underpinned
by strong project implementation capability and expertise. Our focus sectors
are power generation, transmission&distribution, forest industry,
chemicals&biorefining, mining&metals, transportation, water and real estate
sectors. Pöyry has an extensive local office network employing about 6,500
experts. Pöyry's net sales in 2013 were EUR 650 million and the company's
shares are quoted on NASDAQ OMX Helsinki (Pöyry PLC: POY1V).

NASDAQ OMX Helsinki Ltd
Main Media


This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Pöyry Oyj via Globenewswire


Författare Hugin

Tala om vad ni tycker

Tala om vad ni tycker

Ni är just nu inne på en betaversion av nya aktiespararna. Lämna gärna feedback på vad ni tycker i formuläret nedan.