Pöyry continues to sharpen its focus and sells shares in Czech Republic operation

 

PÖYRY PLC   Press Release 16 June 2015 at 5:45 pm (EEST)

 

Pöyry has sold all of its shares in Pöyry Environment a.s. (Czech Republic), an engineering and consulting services company based in Brno, Czech Republic. All shares held by Pöyry PLC (Finland) and Pöyry Energy GmbH (Austria), amounting to 95.21% of shares in the company, have been sold to Safichem Group AG.

 

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.

 

"This transaction directly supports our focused strategy. We are pleased to have found in Safichem a good match who can take this business forward in the Czech Republic", says Thomas Kriesch, President, Regional Operations, Austria.

 

For further information, contact:

 

Thomas Kriesch

President, Regional Operations, Austria

Tel: + 43 53 605 54800

 

Pöyry is an international consulting and engineering company. We serve clients globally across the energy and industrial sectors and provide local services in our core markets. We deliver management consulting 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 and water. Pöyry has an extensive local office network employing about 6,000 experts. Pöyry's net sales in 2014 were EUR 571 million and the company's shares are quoted on Nasdaq OMX Helsinki (Pöyry PLC: POY1V).