INDUSTRIAL laser machine tool manufacturer, Prima Industrie, announced it will acquire Finnish sheetmetal maching manufacturing company, Finn-Power.
The transaction, announced last January, is said to create a global leader in laser and sheetmetal working systems, with pro-forma revenues in excess of 400 million euros, with a presence in 50 countries, with 10 manufacturing facilities located in Italy, Finland, USA and China and over 1,700 employees worldwide.
Prima Industrie said the acquisition is in line with the company’s growth strategy in complementary sectors.
Commenting on the transaction, Gianfranco Carbonato, Prima Industrie Chairman and C.E.O., stated: “We are proud to announce this acquisition which represents a significant milestone in the growth path of the Prima Industrie Group.
“Notwithstanding the recent financial market volatility, Prima Industrie confirms its confidence in the strong industrial rationale underlying this transaction.
“The spirit of the transaction is to leverage the outstanding quality of the human resources and management of the two groups in order to achieve significant synergies for further development and create value,” he said.