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