Peikko reinforces position in Australia
Peikko Group has acquired the business of Australian companies Threadsure Connection Systems and Adjusta, which specialise in rebar coupling systems that serve major Australian contractors.
The acquisitions include the product rights, machinery, stocks and ongoing business of the two Australian companies, with key personnel transferring over to Peikko.
“I am pleased that the Threadsure and Adjusta products will be developed further under Peikko,” says Gavin Weston, the seller of the business. “It has also been important to me that the existing team can fully continue its work to serve the clients in Australia, offering superior solutions in the field of rebar coupling systems.”
The Australian niche building product suppliers are operating near Brisbane in the state of Queensland, and after the takeover, all functions of Threadsure and Adjusta will be part of Peikko’s legal entity, Peikko Australia.
“Peikko has been present in Australia already since 2013,” comments Topi Paananen, CEO of Peikko Group. “The acquired product range fits our offering well in the cast-in-situ market. For Peikko this is an excellent opportunity to scale up the team and operations in the competitive Australian market.”