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MAGNUSSON ADVISES ETTEPLAN ON DUTCH ACQUISITION

2012-03-22

Magnusson advised NASDAQ OMX Helsinki-listed Etteplan Oyj on its recent international expansion.

Magnusson advised NASDAQ OMX Helsinki-listed Etteplan Oyj on its recent international expansion.
Within the scope of the transaction, Etteplan Oyj acquired the entire share capital of the Netherlands-based Tedopres International B.V. The purchase price has not been disclosed.

The team has been led by Helsinki-based partners Juha Taipale and Jan Lindberg, assisted by associates Juha Nurminen and Kiira Lehtonen. Magnusson's legal services to Etteplan included the overall coordination of the transaction, including due diligence and negotiation process, with the support of local Dutch counsel.

"We feel that this project demonstrates our ability to support major Finnish corporations on their international expansion. Advice on cross-border acquisitions is an important part of our practice in both Finland and the entire Baltic Sea Region", commented Juha Taipale, partner at Magnusson Helsinki.
 

Etteplan is a specialist in industrial equipment engineering and technical product information solutions and services. Etteplan's engineering expertise and service products cover the entire life cycle of the clients products. The company's customers are global leaders in their fields and operate in areas like the automotive, aerospace and defense industries, as well as the electricity generation and power transmission sectors, and material flow management. Etteplan's shares are listed on NASDAQ OMX Helsinki Ltd under the ETT1V ticker.

Established in 1974, Tedopres International currently employs approximately 85 persons and has offices in the Netherlands and in the USA. Tedopres provides innovative methods for the creation and distribution of technical product information. Company's customers are global aviation and defence industry companies, equipment manufacturers in the medical technology, as well as mining and consumer electronics manufacturers based in Europe, Asia and North-America.

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