Tamtron Group Plc continues to invest on growth and has entered into an agreement to acquire the entire share capital of Finnish, weighing technology company Lahti Precision Ltd.
Wider selection of solutions, advanced Saas solutions and service offering
“The acquisition will enable Tamtron to provide its customers an even wider global range of weighing and dispensing technologies, advanced SaaS solutions and lifecycle services to ensure customer success. Lahti Precision’s System sales solutions form a new business sector and foundation to the Tamtron group which will help us serve an even wider international clientele.
It is fantastic to be able to collaborate with the professionals of Lahti Precision and collaborate in the development of the most advanced solutions in the industry. Both companies have a strong culture of continuous development and therefore we will be a good match. Tamtron is in a phase of strong growth and the acquisition represents an important step in achieving our strategic objectives.
I welcome the 94 experts of Lahti Precision Oy, the current and future customers, partners and stakeholders to build mutual success”, the managing director of Tamtron Group, Mikko Keskinen, enlightens the background of the arrangement.
A strong player in the Finnish and Nordic markets
Lahti Precision Ltd. is a Finnish weighing technology company with over a hundred years of expertise, specializing in the development of industrial competitiveness. Its head office is in Lahti. The products and services of Lahti Precision cover industrial weighing solutions (e.g. truck scales, big bag stations, conveyor belt scales, dispensing systems, life cycle services and calibrations) and mScales, a SaaS-based material flow management system. During 2022, the company’s turnover reached EUR 17 million and EBITDA EUR 1.8 million. The company employs 94 experts. The customer base consists of leading industrial, recycling, mining and logistics companies, including manufacturers of battery materials used in electric vehicles.
“Together with Tamtron, Lahti Precision will create a strong actor on the Finnish and Nordic markets. A comprehensive portfolio of weighing systems, a Nordics-wide after-sales service network and the combination of two market-leading SaaS-based material flow management systems will provide significant benefits to customers now and going forward. Lahti as a location will be a major centre of expertise in the heavy weighing sector of Tamtron Group. We are also confident that our international success will develop further with the addition of Tamtron’s foreign subsidiaries and partners into our distribution channel”, says Juho Koskinen, managing director of Lahti Precision.
Tamtron is an international weighing technology company and data management systems provider. Tamtron supplies solutions to over 60 countries, to all major industries, including civil engineering, mining, forestry, waste management and recycling, ports, transport and logistics, process and manufacturing. In addition to weighing equipment, Tamtron also provides its customers with comprehensive life cycle services, including verification, maintenance and spare parts services.
The weighing data software developed by Tamtron helps customers to automatically and effortlessly integrate all data into a single system utilising the latest technology and cloud services. The company is headquartered in Tampere, Finland, as well as product assembly and testing. Tamtron also has subsidiaries in eight European countries.
The Company’s head office is in Tampere, as well as product assembly and testing. In addition, Tamtron has subsidiaries in eight different European countries.
Tamtron’s turnover was EUR 29.4 million and EBIT was EUR 1.2 million in the financial period ending on 31 December 2021. At the end of June 2022, Tamtron employed 176 people.