A successful year of growth behind us – Tamtron is one of the largest weighing companies in Europe

Despite the volatile global situation and business cycle, 2023 was a successful year for Tamtron as a whole. Mikko Keskinen, CEO of Tamtron, sums up Tamtron’s growth in his article and explains what the integration of two strong weighing companies – Tamtron and Lahti Precision – has brought to the company.

More strong weighing expertise

One key factor in Tamtron’s growth was the acquisition of Lahti Precision Oy in March 2023, the largest acquisition in the company’s history.

“The acquisition expanded our product portfolio into industrial dosing and mixing systems. At the same time, the digital weighing service mScales became part of our company and was selected as the Group’s digital services platform. The acquisition created one of the largest companies in the industry in terms of market share in Europe, serving an even wider customer base,” says Tamtron’s CEO Mikko Keskinen.

The acquisition also further strengthened Tamtron’s digital services business. With country units in eight countries and an extensive distribution network, the expanded product portfolio and the export of technologies to international markets are well supported.

“The demand for digital services in the weighing industry is increasing, and we are investing heavily in solutions and the mScales weighing service. With digital services, we enable our customers to conduct sustainable and responsible business. We provide information and solutions for material flow management that enable our customers to meet their sustainability targets and improve their overall business performance in the future,” Keskinen sums up.

Largest acquisition in history

Last year, Lahti Precision moved to operate as part of Tamtron and under the common Tamtron brand. At the same time, Tamtron reached an entirely new level of size, and the company gained 100 new employees.

Overall, the integration has gone according to plan. According to Keskinen, the 275 Tamtron professionals involved in building a unified Tamtron deserve the greatest thanks for this. Work on the vision and goals for the future continues.

“Our organisation, products and services are in good shape. Our growth goals are high, but the opportunities are also excellent. The foundation is firmly in place – now we are looking to capitalise on the opportunities we have built,” Keskinen says, and continues:

“Tamtron has the broadest total weighing solutions portfolio on the market and the most innovative and advanced digital solution for material flow management in the industry. With our expanded product offering, our international presence is even stronger.”

The article is based on an interview with Tamtron’s CEO, Mikko Keskinen, which was initially published in Finnish as part of Tamtron’s Annual Review 2023.