Sale of JOT Automation to Chinese listed company
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.
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.