Procopé & Hornborg advised Etteplan in its outsourcing contract with Stora Enso’s subsidiary Efora Oy
Main contact
Procopé & Hornborg advised Etteplan in the process of outsourcing Efora Oy’s Veitsiluoto Mill Engineering operations to it. Efora Oy is a company specialized in industrial maintenance and engineering services, and it is a subsidiary of Stora Enso which is a Finnish-Swedish lumber industry company. A maximum of 21 Efora project managers and project engineers will transfer to Etteplan as existing employees in August 2021.
This outsourcing contract strengthens the position of Etteplan in smart factory maintenance engineering and its relationship with Stora Enso and Efora. The outsourcing also enhances the market position of Etteplan in Northern Finland due to the already existing contacts in the process industry.
Etteplan Oyj is a Finnish company which provides solutions for industrial equipment and plant engineering, software and embedded solutions, and technical documentation solutions to the world’s leading companies in the manufacturing industry. In 2020, Etteplan’s turnover was approximately EUR 260 million. Etteplan’s shares are listed on Nasdaq Helsinki.
Petri Kyllönen
Partner, Chairman of the Board, Attorney at Law
+358 40 0757 732
petri.kyllonen@procope.fi
Recent references
more referencesLegal advisory services to Destia for an acquisition
We were happy to provide legal advisory support to Finland’s largest infrastructure service provider Destia throughout the acquisition of the substation construction business of Rificum Oy. The energy business is an essential part of Destia’s strategy, and the increase in substation constructio…
Reference – 29.08.2024
KH Group Plc divests HTJ
We are pleased to announce that KH Group Plc, together with the other shareholders of HTJ Holding Oy, has successfully signed an agreement on the sale of HTJ Holding Oy’s shares to XPartners Group company XPartners Finland Holding Oy. Procopé & Hornborg provided legal advisory support to KH …
Reference – 11.06.2024
Škoda Transtech’s engineering and documentation operations in Oulu, Finland will be partially transferred to Etteplan
We are delighted to announce that Etteplan and Škoda Transtech have agreed on the partial transfer of the engineering and documentation department’s operations of Škoda Transtech in Oulu, Finland to Etteplan. According to the agreement, 21 employees from Škoda Transtech will join Etteplan as e…
Reference – 07.05.2024