Etteplan Oyj — Share Issue/Capital Change 2021

Jun 14, 2021

Etteplan acquires a cloud and application software specialist from Poland –a directed share issue to owners of the acquired company

Etteplan acquires a cloud and application software specialist from Poland –a directed share issue to owners of the acquired company

Etteplan Oyj, Stock Exchange Release, June 14, 2021, at 2.00 p.m. EEST

Etteplan has acquired Skyrise.tech, a Polish software development company. The
acquisition is in line with Etteplan’s growth strategy as it complements our
expertise and increases our international presence. Through the acquisition,
Etteplan will significantly strengthen its capability to deliver applications
and cloud software solutions. The acquisition is a continuation to investments
in digitalization and software development Etteplan has made during the recent
years.

Skyrise.tech, founded in 2008, is a fast-growing modern software development
company working mostly with customers in logistics, mobility, healthcare and
enterprise industries. In 2020 Skyrise.tech’s revenue was some EUR 3.5 million.
The acquired company has some 80 software specialists in Katowice and Gdansk in
Poland. The parties have agreed not to publish the purchase price.

“The acquisition is an interesting step in our internationalization. It opens
many fascinating  growth paths for both Etteplan and Skyrise.tech. After the
acquisition Etteplan has four offices in Poland and altogether over 200
employees. Skyrise.tech is selling and delivering projects to customers outside
Poland in the Nordics and other countries. This business model fits well with
Etteplan’s strategy”, says Juha Näkki, President and CEO of Etteplan.

After the acquisition Etteplan has globally over 700 experts working in
different fields of software development and embedded systems, 250 of which are
specialized in cloud and applications software solutions.

“The acquisition increases our capabilities and competitiveness in cloud and
applications business in Poland and also globally. It clearly strengthens our
offering and widens our customer base. Skyrise.tech has interesting customers
for instance in Norway which opens up new opportunities for Etteplan”, says Tom
Leskinen, SVP, Software and Embedded Solutions, Etteplan.

“We are happy to be part of Etteplan. Etteplan with its over 3,400 employees and
operations in eight countries offers Skyrise.tech employees interesting
opportunities to participate in bigger projects and customers in many
industries”, says Jaroslaw Pilarczyk, CEO, Skyrise.tech.

Etteplan first entered Poland in 2016 through the acquisition of embedded
solutions specialist Espotel Oy, which in addition to Finland had operations in
Poland. Etteplan has since then widened its solutions offering in Poland to
cover engineering and technical documentation solutions as well.

A Directed Share Issue to  Skyrise.tech owners

The Board of Directors of Etteplan Oyj has in its meeting held on May 27, 2021
made a conditional resolution upon Directed Share Issue pursuant to the share
issue authorization granted to it by the Annual General Meeting of Shareholders'
held on April 8, 2021. The Board of Directors shall in its next meeting to be
held on June 17, 2021 resolve upon the final terms of the Directed Share Issue,
which shall consist a total of 120,000 new Etteplan shares, and which shall be
offered with market price for subscription to owners  of the acquired company
Skyrise.tech.

Espoo, Finland, June 14, 2021

Etteplan Oyj
Board of Directors

Distribution:
Nasdaq Helsinki
Major media
www.etteplan.com

Additional information:
Juha Näkki, President and CEO, tel. +358 10 307 2077
Tom Leskinen, SVP, Software and Embedded Solutions, Etteplan, tel. +358 50 558
8942
Outi Torniainen, SVP, Communications and Marketing, tel. +358 10 307 3302

Etteplan in brief
Etteplan provides solutions for
software (https://www.etteplan.com/services/software-and-digitalization) and
embedded solutions (https://www.etteplan.com/services/embedded-systems),
solutions for industrial
equipment (https://www.etteplan.com/services/engineering) and plant
engineering (https://www.etteplan.com/services/engineering/plant
-engineering) and technical documentation
solutions (https://www.etteplan.com/services/product-and-asset-information) to
the world’s leading companies in the manufacturing industry. Our services are
geared to improve the competitiveness of our customers’ products, services and
engineering processes throughout the product life cycle. The results of
Etteplan’s innovative engineering can be seen in numerous industrial solutions
and everyday products.
In 2020, Etteplan had a turnover of approximately EUR 260 million. The company
currently has over 3,400 professionals in Finland, Sweden, the Netherlands,
Germany, Poland, Denmark and China. Etteplan's shares are listed on Nasdaq
Helsinki Ltd under the ETTE ticker. www.etteplan.com