REGIONALLY SIGNIFICANT INDUSTRIAL COMPANY JOROS OY FROM EASTERN FINLAND CHANGED OWNER

27.05.2021

Joros Oy is a metal products and services company, located in Punkaharju, Eastern Finland.
Joros Holding Oy has sold 100 per cent of the shares in Joros Oy to Tamminen family and Peter Westerlund. Peter Westerlund is a minority shareholder of Joros Oy and will take over as the CEO of Joros Oy after a short transition period from his present job. Peter Westerlund, 53, has held several CEO and sales and marketing executive positions . The Chairman of Joros Oy is Jaakko Tamminen, 39.

As part of the acquisition agreement it has been agreed that the CEO and earlier minority shareholder in Joros Oy, Toni Pesonen, 43, has committed to continue working for Joros Oy as CEO until Peter Westerlund takes over as the CEO and thereafter Toni will work as a technical adviser up to the end of the year 2022. With this arrangement the aim is to ensure a seamless and
controlled continuation of the customer services as well as continuation of the production and development of Joros business.

Toni Pesonen about the ownership change:
During the acquisition process there was a mutual trust and respect built between the sellers and buyers. Based on that the sale of the shares to Tamminen family and Peter Westerlund brings Joros Oy Finnish owners who have experience and knowledge in metal industry and experience on developing business in metal sector. I see the future of Joros Oy to be bright and wish all the success for the new owners and Joros Oy.

Peter Westerlund and Jaakko Tamminen about Joros Oy:
” We have found Joros Oy as a solid and well run company. Joros Oy is specialized, dedicated on customer service and it serves a large variety of interesting customer sectors. Joros own products are of high quality. We see growth opportunities in expanding services to existing customer sectors, in own products as well as in new geographical markets. The company has strong knowledgeable personnel and design capabilities that support the development and growth of the company. Joros Oy has modern production facilities and machine tools. Our aim is to invest and develop Joros business on a long term basis”

Company information:
Joros Oy, established in 1983, is a specialized metal tubes and profiles processing. The company has large offering of services including product design, technical design, laser cutting of tubes and profiles, tube bending, welding and electrochemical polishing. Company’s customers are boat industry, machine building, energy processes , automotive industry, health care fittings and furniture industry. Joros Oy has a large population of bending machines and modern approximately 5000 sqm production facility in Punkaharju, Eastern Finland. Joros Oy employs about 70 people.

HOTEL HAAPALINNA IN TAMPERE TURNED TO HOTEL UNINEN

25.05.2021

Hotel Haapalinna in Tampere changed owner when the business was transferred to Hotel Uninen. Hotel Uninen is a self-service hotel chain looking for growth. The company has a hotel also in Loviisa.

SUOMEN YRITYSMYYNTI OY BROKERED AGAIN A SUCCESSFUL COMPANY: LISTED COMPANY BOREO ACQUIRES ETELÄ-SUOMEN KURIIRIPALVELU LTD AND TEITTEAM LTD AND STRENGTHENS LOGISTICS

01.04.2021

On April 1, 2021, Boreo Plc signed an agreement according to which it will purchase the entire share capital of Etelä-Suomen Kuriiripalvelu Ltd and Teitteam Ltd (the “Companies”) from the Managing Director and owner of the Companies, Mika Erkkilä, and the minority shareholder of Teitteam Oy. After the transaction, Mika Erkkilä will continue as CEO of the Companies.

“The acquisition strengthens the logistics expertise of the Group, enables the development of our operations in line with the operational efficiency strategy and provides an opportunity to complement the service offering of our other businesses. It is a pleasure to welcome the companies' personnel to our group and I look forward to developing the business together with the personnel, ”says Kari Nerg, CEO of Boreo Plc.

ESKP is a transportation company established in 2010 that operates in Finland and the Baltic countries and specializes in scheduled distribution and trunk transport. The companies employ 25 people and their operations are located in near Helsinki airport, Tuusula. The companies' combined turnover in 2020 was estimated at approximately EUR 3.9 million and EBITDA at approximately EUR 1.2 million.

FINLANDIA BUSINESS (SUOMEN YRITYSMYYNTI OY) INTO SWEDISH MARKET. SWEDISH EKSTAM & PARTNERS AND FINLANDIA BUSINESS START COOPERATION

26.03.2021

Finlandia Business (Suomen Yritysmyynti Oy) has signed a co-operation agreement with the Swedish company Ekstam & Partners, which is one of Sweden's leading expert companies in corporate ownership arrangements and business brokerage. Ekstam & Partners has strong expertise and a network in Sweden, so we can now also offer our customers Swedish companies to buy. Although Sweden is our close neighbor, expanding business there may have been "behind the threshold". We now want to offer our customers a reliable and easy way to expand into Sweden's significant and growing market. Contact us and we will be happy to tell you more about opportunities and properties for sale.



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