Lahmeyer Acquires Pöyry's International Water Business

BAD VILBEL, Germany, March 2, 2012 /PRNewswire/ --

The Lahmeyer Group continues to grow and has acquired the Mannheim-based firm Pöyry Environment on 1 March 2012. The Pöyry Environment GmbH will be included in Lahmeyer's reporting from 1 January 2012. With this acquisition, Lahmeyer is further expanding its capabilities in the water sector, particularly in the water supply and waste water segments.

     (Photo: http://www.newscom.com/cgi-bin/prnh/20120302/517124 )

Pöyry Environment GmbH, which operated until 2006 as GKW Consult GmbH is a global consulting and engineering company specialising in the sectors water supply, seawater desalination, waste water and solid waste disposal. With some 70 staff, the company had a turnover of € 12.4 million in 2011. Its key markets are in Africa and the firm is also represented in S.E. Europe, S. America, the Middle East and Asia. The company will in future operate under the name Lahmeyer GKW Consult and will co-ordinate its services closely with Lahmeyer International GmbH.

"With the acquisition of Pöyry Environment GmbH, Lahmeyer is taking an important step towards our strategic goal of markedly strengthening our capacity in the future-oriented water market. Our worldwide competence in the construction of major storages and long-distance water conveyance systems has now been significantly reinforced by the addition of key competencies and capacity in the water supply and waste water treatment segments. This additional strength is complemented by regional capabilities and client synergies. Lahmeyer continues to grow and proactively to seek attractive acquisition opportunities" says Dr.-Ing.  Bernd Kordes, CEO of Lahmeyer International.

As an independent consulting engineering company, Lahmeyer International offers a broad spectrum of planning and consulting services. The emphasis is on large and complex infrastructure projects in the sectors energy, hydropower and water resources, and project management. With its origins going back as far as 1890, the company developed since its founding in 1966 into one of the leading firms operating internationally, with projects in 165 countries. Today the worldwide Lahmeyer group of companies employs over 1400 staff from more than 30 disciplines.

Contact:
   Lahmeyer International GmbH
   Sabine Wulf
   Head of Marketing and Business Development Coordination
   Friedberger Straße 173
   D-61118 Bad Vilbel
   
   Phone: +49-6101-55-1717
   Fax: +49-6101-55-1785
   Sabine.Wulf@lahmeyer.de