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Etteplan Acquires LAE Engineering
July 13, 2023 | EtteplanEstimated reading time: 1 minute
Etteplan, a profitably growing technology service company serving world’s leading industrial companies, expands its presence in the German market by acquiring LAE Engineering GmbH. LAE Engineering is an engineering company that offers specialized expertize across electrical engineering planning, power generation, building and industrial automation, as well as information management systems, and industrial IT.
“Etteplan is very excited to welcome LAE Engineering to form a part of our German and global operations. LAE Engineering has built a strong reputation over its’ thirty years in business with a solid focus on customers, quality and technology led by an experienced team of about 70 employees. This is an important acquisition for Etteplan as it further enhances our presence in the German market. By adding LAE to our operations, we will serve our customers in Germany and beyond on a much broader scale, adding for example building automation into our offering”, says Juha Näkki, President and CEO of Etteplan.
“This transaction marks an important milestone in what has been a very successful journey for LAE Engineering so far, and I am happy that we are now part of the Etteplan. Etteplan shares many of the same success factors as LAE with a vision of collaborative, integrated expertize, a passion for serving customers and a strong focus on innovative solutions. They are a strong partner which will allow us to take the development of LAE further, which will benefit the team as a whole, the market and our clients”, says Werner Rensch, Managing Director of LAE Engineering.
With the acquisition of LAE Engineering GmbH, Etteplan continues on its international growth journey with the strategy and ambition to grow our full service offering to all current markets. After the acquisition Etteplan employs over 500 people in Germany in 15 different locations. LAE Engineering will be part of Etteplan from July 4, 2023.
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