Posts Tagged ‘cross-boarder M&A’

Sale of Ecosir Group to international investors

Ecosir Group Ltd, a company providing automatic waste and laundry transfer systems to the health care and residential sectors, was sold to an international group of investors from Asia and Europe.

Ecosir Group’s main owners prior to the transaction was Panostaja plc and the CEO of the company, who will remain CEO and owner of the company also after the trade sale. Ecosir Group had already during the previous ownership structure closed significant projects abroad, e.g. in China, Malaysia and Kuwait. With the new owners, the international growth of the company is expected to accelerate further.

Panostaja’s release about the sale can be read here (in Finnish).

Oehlandt & Co acted as the financial adviser to the sellers in the transaction. November 2018.

Sale of JOT Automation to China

JOT Automation, a company based in Oulu, Finland providing test automation and robotics to the electronics industry, was sold to Chinese Suzhou Victory Precision Manufacture Co., Ltd. The acquiring company is listed on the Shenzhen Stock Exchange.

Revenue for JOT Automation amounted to EUR 76 million and operating profit (EBIT) to over EUR 8 million in 2017.

JOT Automation’s press release on the sale can be read here, and the press release of the main owner of JOT Automation, Head Group, can be found here.

Oehlandt & Co was financial advisor to the target, JOT Automation, and its owners in the cross-border M&A transaction.

The transaction was completed in June 2018.