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Inission establishes in Finland by acquiring 100% of HY-Tech Comp Oy

Inission establishes in Finland by acquiring 100% of HY-Tech Comp Oy

Feb 26, 2020

Inission has signed an agreement to acquire 100% ownership of HY-Tech Comp Oy (HY-Tech).

The signing and closing of the agreement were completed on the 26th of February 2020. The seller is Helmet Capital with its investors.

After the acquisition, HY-Tech business units will continue to run their operations as independent units within Inission. In the long-term, the acquisition is expected to bring synergy benefits in e.g. material purchasing and cross-selling opportunities.

Pekka Väyrynen, CEO HY-Tech:

- Together with Inission we will be even more focused on high tech and providing machine building industries focused cutting-edge solutions. We at HY-Tech look for strong co-operation within Inission and are ready to utilize the group’s all aspects in order to provide world class customer service.

The acquisition will be consolidated as part of Inission financials from the 26’Th of February 2020.

About Om InIssIOn

Inission is a profitable total supplier that offers demanding industrial customers in the Nordic region manufacturing and logistics services for complete electronic products.

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The name change of Hyrles Group has come into effect: We are now HY-Tech Comp Oy

The name change of Hyrles Group has come into effect: We are now HY-Tech Comp Oy

Nov 05, 2019

Dear customers and associates,

As mentioned in our prior notification, starting this autumn Hyrles Group is known as HY-Tech Comp, due to the rebranding of the company. The name change has officially come into effect on 29th of October 2019.

The renewal has no effect on our business operations, and our services remain unchanged. Both of our factories continue to operate with their current business ID and the change does not require any action on the part of our customers or associates.

Additional information:

HY-Tech Comp

Business ID: 1954467-3

Finland

Pekka Väyrynen
pekka.vayrynen@hytechcomp.com
Takasenkatu 48, 08150 Lohja, Finland

+358 50 555 1516

Estonia

Urmo Sisask
urmo.sisask@hytechcomp.com
Kalmari tee 12, Karla küla, Rae vald, Harjumaa 75327, Estonia
+ 372 50 30405

Company name: HY-Tech Comp Oy

Starting from 29.10.2019

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