ProMan IMAP Finland advised the seller in the sale of Nordautomation Oy to Addtech AB

Nordautomation
ProMan IMAP Finland advised the seller in the sale of Nordautomation Oy to Addtech AB

Nordautomation Oy is a Finland-based project supplier for the wood processing industry and a leading manufacturer of log handling systems in the Nordic countries. The Company has revenues of approximately 15 MEUR, of which more than 60% is generated outside Finland. The Company employs 85 people in total. Since Nordautomation was established in 1991 by Pauli Ojala, the Company has achieved an excellent reputation as a reliable, high-quality partner for the wood processing industry.

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Seller: 
Nordautomation Oy
Buyer: 
Addtech AB

Nordautomation designs, manufactures and delivers systems for handling of logs and side products as well as timber infeed. Additionally, the Company offers related spare part and maintenance services. The Company’s customer base consists of Nordic and global players in the forest industry, such as UPM Kymmene, Stora Enso, Metsä Group, Keitele Group, Svenska Cellulosa and Versowood.

Swedish technology trading group Addtech is a long-term owner whose operational model is to keep the acquired companies independent. Forest industry products and services are one of the group’s strategic focus areas. Nordautomation will complement Addtech’s current operations in the business area Industrial Process.

After the transaction, Pauli Ojala will remain the CEO and a minority owner of the Company with a 20% share.

ProMan IMAP Finland advised the seller throughout the process.