ETTEPLAN AND SISU AUTO SIGNED A CO-OPERA
Stock exchange release – Published: 20.09.2004 10:00:22
ETTEPLAN AND SISU AUTO SIGNED A CO-OPERATION AGREEMENT Etteplan Oyj and Oy Sisu Auto Ab have signed a co-operation agreement. According to the agreement Etteplan provides flexibly and cost-effectively design and project management services to Sisu Auto. As part of the agreement 11 designers from the product development department of Sisu Autos Karjaa factory will transfer to Etteplan on 1 October 2004 under their current terms of employment. To Sisu Auto strategically important core know-how of truck technology and product development will remain in Sisu Auto. The agreement strengthens Etteplans position as a provider of design services for the automotive industry and other mobile vehicles and gives good presumptions to further development of operations. Through this outsourcing operation, Sisu Auto aims to strengthen resources, improve functional flexibility and cost efficiency in the design functions. Oy Sisu Auto Ab is in 1931 established a full service truck house. The annual output of Sisu Auto is about 500 vehicles of which more than 20 percent is exported. Sisu Auto is also an importer of Renault trucks. Sisu is a market leader in Finland for earth-hauling trucks and heavy over 26 ton vehicles. The turnover of the company is over EUR 125 million and it employs 530 persons. About 200 persons work at the Sisu Autos Karjaa factory. For further information, please visit www.sisuauto.com. Etteplan Oyj is one of Finland's leading engineering design companies and supplies high-quality design services for the production and product development processes of industrial technology. The core areas of expertise are mechanical engineering, electrical engineering and automation design as well as software development and electronics design and EMC-services. In 2003, turnover of Etteplan Group was 51 MEUR. At the moment the company employs approximately 1000 persons in Finland, Sweden, Germany, Italy and China. Etteplan Oyj is listed on the NM List of Helsinki Exchanges. Hollola, 20 September, 2004 Etteplan Oyj Heikki Hornborg CEO For additional information, contact: Etteplan Oyj, CEO Heikki Hornborg, tel. +358 400 873 063 or Vice President Risto Koivunen, tel. +358 400 649 656. Oy Sisu Auto Ab, Director, Production and Product Development Harri Askola, tel. +358 40 543 4815. DISTRIBUTION: Helsinki Exchanges Principal media www.etteplan.com