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Finn-Jiit acquired by Swedish Addtech

Finn-Jiit will complement the components arm of Addtech Group. Screenshot / 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 focused 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 componentsfurther 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.

Published on 14.12.2017