Pöyry has sold all of its shares in Korea District Heating Engineering Co (KDHEC), an engineering and consulting services company based in Seoul, South Korea. All shares held by Pöyry Finland, amounting to 50% of shares in the company, have been sold to KEPS Calista Private Equity Fund. Calista is a wholly owned subsidiary of KEPS Co, a Korean energy engineering consulting company.
The transaction is in direct alignment with Pöyry’s focused strategy, where Pöyry is developing its services in key domestic marketsas well as strengthening its global competences in energy, industry and management consulting.
The parties did not disclose the transaction price.
