Spin-off of JOT Automation’s business unit to Verso Ventures
JOT Automation’s business unit that combines robotics, machine vision and sensor and software technology in mechanical engineering and automates critical phases of manufacturing, was incorporated. Verso Ventures, a Finnish private equity company, became the main owner of the newly established Flexmill Ltd. and JOT Automation continues as a minority owner.
JOT Automation’s press release can be found here.
Oehlandt & Co acted as financial adviser to JOT Automation.