ETTEPLAN AND LAROX WIDEN ENGINEERING DESIGN COOPERATION
Stock exchange release – Published: 09.10.2006 9:00:00
ETTEPLAN AND LAROX WIDEN ENGINEERING DESIGN COOPERATION Etteplan Oyj and Larox Corporation have today signed a letter of intent to widen engineering design cooperation, which has already continued for close to twenty years. As a part of the agreement, 10 employees working in engineering and documentation functions related to delivery projects and maintaining of products at Larox offices in Finland, will transfer to Etteplan on 1 January 2007 as so called former employees. The agreement, after entering into force, guarantees the availability of engineering design services competently and flexibly to Larox Corporation. The parties aim to finalize the agreements by the end of December 2006. The parties will carry out the mandatory employer-employee negotiations during 2006. The signed letter of intent follows Etteplan's strategy, according to which the company operates as a partner of globally operating customers providing them with high-quality industrial technology design services and the customers can concentrate on the development of their own core businesses. After entering into force, the agreement will further strengthen Etteplan's position as one of the leading design companies in the Nordic countries. Larox develops, designs and manufactures industrial filters and is a leading technology company in its field. Larox is a full service solution provider in filtration for separating solids from liquids. Companies world-wide in mining and metallurgy, chemical processing and related industries benefit from the Larox technologies. Larox operates in over 40 countries and has over 440 employees. Larox Group is headquartered in Lappeenranta, Finland. Product factories are located in Lappeenranta and Utrecht, The Netherlands. Net sales in 2005 totalled 104.3 million euros, of which more than 95 % were generated by exports and the company's foreign operations. Etteplan is one of the largest companies in the Nordic Countries providing industrial technology design and expert services. The company supplies high-quality services for its customers for production and product development processes. The core areas of expertise are mechanical engineering, automation design and information technology as well as software development, electronics design and related laboratory and approval services. In 2005, turnover of Etteplan Group was EUR 79.4 million. The company employs close to 1 600 persons in Finland, Sweden, Germany, Italy and China. Hollola, 9 October 2006 Etteplan Oyj Heikki Hornborg CEO For additional information, please contact: Etteplan Oyj, Vice President Risto Koivunen, tel. +358-400 649 656 or CEO Heikki Hornborg, tel. +358 400 873 063 Larox Corporation, Vice President, Engineering & Production Kari Suninen, tel. +358 40 558 3706 DISTRIBUTION: Helsinki Stock Exchange Principal media www.etteplan.com