ÅF AB (publ) and Pöyry PLC have signed an agreement to combine the two companies to form a leading European engineering and consulting company. ÅF will launch a recommended public cash tender offer to purchase all issued and outstanding shares in Pöyry.

The offer price is EUR 10.20 per share, to be paid fully in cash, valuing Pöyry at EUR 611 million. The Board of Directors of Pöyry has unanimously decided to recommend that the shareholders of Pöyry accept the tender offer.

Advium acts as the financial advisor to Pöyry in connection with the tender offer.

Additional information: STOCK EXCHANGE RELEASE