Rejlers is acquiring Caruna's project monitoring business

Regulatory News:

Rejlers (STO:REJL) is acquiring the distribution company, Caruna's, project monitoring business in Finland with 26 employees today. The acquisition will be completed on 1 September 2015.

The business Rejlers is acquiring includes services for project monitoring, inspection, overhaul, quality control as well as safety and environmental coordination for all of Caruna's network areas. At the same time, Rejlers has signed an agreement with Caruna regarding the procurement of project monitoring services. The agreement is valid for three years. "Caruna is at the cutting edge regarding the development of electricity distribution services in Finland. Rejlers has great opportunities to develop the project monitoring business throughout Finland. Moreover, our employees are obtaining development and career opportunities in Rejlers, which provides services in more areas," Caruna's CEO, Ari Koponen, says. "The acquisition strengthens our position as a market-leading, technical consultant company in the distribution sector. Thanks to the acquisition, we can develop the market for project monitoring services and meet the distribution companies' growing investment on completely new premises. We are creating a flexible and scalable project monitoring market where the best work methods are continuously refined and developed with the business," Rejlers Finland's CEO, Seppo Sorri, concludes. About Caruna Caruna is Finland's leading electrical distribution company. The company is responsible for the distribution of electricity to 640,000 private and corporate customers in Southern, South-western and Western Finland, Joensuu, Koillismaa and Satakunta. Caruna has 340 direct employees and indirectly provides employment for 1,500 people. Caruna is investing strongly to build weather secure networks and is investing Euro 100 million annually to develop the electricity network. More info: www.caruna.fi.

Rejlers discloses the information provided herein pursuant to the Securities Markets Act and/or the Financial Instruments Trading Act. The information was submitted for publication at 2.00 pm on 12 May 2015. Rejlers is one of the largest engineering consultancy firms in the Nordic region. Our 1,800 experts work with projects within the areas of Building and property, Energy, Industry and Infrastructure. With us, you will meet specialist engineers with the breadth, cutting edge expertise and not least energy to create the results you want. We are continuing to grow rapidly and our activities are spread across 80 locations in Sweden, Finland and Norway. In 2014, Rejlers had revenue of SEK 1.7 billion and its Class B share is listed on Nasdaq Stockholm.

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