Etteplan, an engineering services company, completed the acquisition of LAE Engineering, an engineering company for automation technology based in Germany. Financial terms were not disclosed. "This transaction marks an important milestone in what has been a very successful journey for LAE Engineering so far, and I am happy that we are now part of the Etteplan. Etteplan shares many of the same success factors as LAE with a vision of collaborative, integrated expertize, a passion for serving customers and a strong focus on innovative solutions. They are a strong partner which will allow us to take the development of LAE further, which will benefit the team as a whole, the market and our clients," Werner Rensch, LAE Engineering Managing Director.