CTS Engtec and LTS Consulting to merge
LTS Consulting Ltd and its subsidiary, the engineering, project management and consulting company CTS Engtec Oy merged into a single company on 31 December 2013.
The merger will be implemented with the aim of simplifying group structure and administration and to enhance business and reduce costs.
The operations will proceed without disruption under the name CTS Engtec. The company staff will continue in the service of CTS Engtec Ltd, and the new company will operate in the same premises. Antti Lukka will continue as the Managing Director of the company.
The company reorganisation is part of a stabilising process implemented by the company with the aim of enhancing operations. The objective of the merger is to generate savings in terms of both costs and resources and to boost the efficiency of operations. In addition, the group structure is simplified. The merger will strengthen the financial position of the CTS Engtec business area.
According to the company, the merger will not impact the number of personnel or business activities, nor will it affect the operations of the subsidiary in Russia. All 110 employees will continue in the service of the new company.
Antti Lukka, Managing Director
Tel. +358 (0)207 567 269, Mob. +358 (0)40 535 0626, firstname.lastname@example.org