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Poyry to acquire Norwegian Econ

Finland-based global consulting and engineering firm Poyry has expanded its management consulting services portfolio and market presence for the energy industry by acquiring Econ Analyse AS, Norway. The company's main operational bases are in Oslo and Stavanger, Norway, Stockholm, Sweden and Copenhagen, Denmark, and it is well-established in all of its markets.

Founded in 1986, Econ is a leading Nordic economic consulting firm, providing research, analysis and strategic advice relating to the interaction of markets and policies. In addition to consulting assignments, Econ offers a set of subscription services related to energy and carbon markets, manages multi-client and scenario studies, and arranges discussion forums where policy makers and industry leaders meet. The company's net sales in 2006 amounted to EUR 13 million and it employs 85 experts.

Following the acquisition Poyry's energy consulting activities cover the integral business process of the energy sector. Poyry offers a range of services from strategy to business operation, including financing & valuation and sustainability. Econ's entire business will be continued and its senior management and key resources will take leading positions within the energy consulting business in Poyry. Econ Analyse AS will be consolidated into Poyry as of September 1, 2007.



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