The Finnish
technology company FocalSpec has been acquired by TKH Group NV, a Dutch listed
technology company.
FocalSpec is a global pioneer in designing and manufacturing high-precision, high-speed optical sensors. Their unique and patented Line Confocal Imaging (LCI) technology is used in diverse, demanding quality assurance applications e.g. in the electronics industry. During 2019, FocalSpec made a breakthrough in mobile device manufacturing.
TKH Group is a Dutch listed technology company focused on high-end innovative technologies in high growth markets. Employing more than 6,500 people, TKH achieved a turnover of € 1.6 billion in 2018. With this acquisition, TKH Group expands its vision technology with industry-leading confocal technology that solves applications in markets such as consumer electronics, battery, pharma, semiconductor and medical.
FocalSpec will join the LMI Technologies group and operate under the LMI brand – a global leader in 3D inline scanning and inspection. FocalSpec’s R&D will gain additional resources and platforms from the LMI Group’s existing metrology operations. FocalSpec’s sales organization will be strengthened as the products will get access to the LMI Group’s sales network globally.
FocalSpec was founded in 2009 as a spin-off from VTT, the National Technical Research Institute of Finland and is headquartered in Oulu, Finland. Apart from VTT Ventures, the company owners included Nordic Option, Veritas Pension Insurance, Sauli Törmälä as well as several other private investors.
Read more in the following releases: TKH Group’s release, FocalSpec’s release, LMI Technologies’ release and Nordic Option’s release (in Finnish).
Oehlandt & Co acted as financial advisor to FocalSpec and its owners in the transaction.
October 2019.
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.
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.
Oehlandt & Co acted as the financial advisor to JOT Automation in a transaction where Global Equipment Services Inc (GES) became investor in and strategic partner of JOT Automation.
As a part of the ownership arrangement, GES and JOT Automation have agreed on a strategic partnership, where JOT Automation outsources mass production of its equipment to GES.
JOT is a pioneer in automation and testing solutions for electronics production, while GES offers equipment design, manufacturing, and maintenance services, especially for the semiconductor industry.
JOT’s press release can be read here and GES’s release is found here.
.Oehlandt & Co acted as the financial adviser to JOT in the transaction. January 2017.
