Finn-Jiit acquired by Swedish Addtech
Finnish industry supplier Finn-Jiit will be joining Addtech Components, a business area of Addtech Group, after the former bought all outstanding shares in the Finnish company.
Finn-Jiit has mainly focussed on the Nordic OEM market, delivering customised subsystems in the field of machine components and flow technology.
Now, Finn-Jiit will complement the operations of Addtech Components Finland with its expertise in standardised and customised products. This covers partly assembled components, assembled components, further processed components, finished products and customised products tailored to the customer’s needs.
The Finnish industrial company holds 10 employees and has sales of around four million euros.
The acquisition is expected to close in January.