Tekla strengthens its supply to the energy industry 

Tekla Corporation                                    Press Release                                      September 26, 2008

Tekla is strengthening its network information system Tekla Xpower, which is used for operative property management of energy networks, by acquiring the Swedish company OakTree Software AB. In connection with the acquisition, Tekla is taking over the X-Opto system. X-Opto includes functions for documents, planning, and administration of fiber networks and is a system which OakTree has been developing for more than 10 years.

Tekla and OakTree Software AB worked together for two years before going ahead with the acquisition. Through the acquisition, Tekla wants to strengthen the development of X-Opto, increase integration between Tekla Xpower and X-Opto and obtain synergy benefits.

The acquisition of X-Opto broadens the range of solutions offered by Tekla Xpower, and the system's characteristics meet requirements better than ever, including on the Swedish market. The acquisition of OakTree Software AB means that product development, marketing, and customer service will be included in Tekla's business Infra & Energy.

The two employees of OakTree will continue working at Tekla in order to ensure further program development, continuity of customer service, and support functions.

Jüri Loosme, Product manager, Tekla Infra & Energy

Tel. + 46 8 53440410

 

Tomas Ray, Director, Tekla Infra & Energy

Tel. +358 30 661 1481

Industry media in Finland, Sweden, and Norway, Tekla's webpage

Tekla is an international software company whose model-based software products make customers' core processes more effective in building and construction, energy distribution, infrastructure management and water supply. Tekla has customers in more than 80 countries. Tekla Group's net sales for 2007 were nearly 60 million euros and operating result approximately 20 million euros. International operations account for about 85% of net sales.

Tekla has offices in 12 countries: headquarters in Espoo, Finland, and offices in Sweden, Denmark, Germany, the UK, France, the US, Japan, Malaysia, China, India and the UAE. In addition to these Tekla has a worldwide partner network.

Tekla Group currently employs nearly 450 people, of whom approximately 40% work outside Finland. Tekla was established in 1966, making it one of the longest operating software companies in Finland. www.tekla.com

The Infra & Energy business area develops and markets model-based software solutions for energy distribution, the municipal sector, water supply and sewerage and infrastructure planning. The Tekla Xpower and Tekla Xpipe network information systems are used by more than 70 energy distribution companies in Northern Europe and by nearly 20 water utilities in Finland and Sweden. Tekla Xcity, the location and basic register information system for municipalities, and Tekla Xstreet, the planning system for the infrastructure sector, are used in more than 50 municipalities and engineering offices in Finland and Sweden.

OakTree Software AB is a Swedish company which produces and develops the X-Opto system for administering communications networks. The company was founded in 1998 and has customers in four countries.