Tamtron Group Plc, an international weighing technology company and data management systems provider, has agreed to acquire the entire share capital of HPP Bulk Technologies Ltd, the parent company of Tamtron’s domestic competitor, Lahti Precision Ltd. Translink Corporate Finance Finland acted as financial advisor to Tamtron on the acquisition and the related financing arrangement.

Lahti Precision is a weighing technology company with over 100 hundred years of expertise in improving industrial competitiveness. The company’s product and service offerings cover a wide range of industrial weighing solutions, including truck scales, big bag stations, conveyor belt scales, dispensing systems, life cycle services, calibrations, and mScales, a SaaS-based material flow management system. In 2022, Lahti Precision had a revenue of EUR 17 million with an EBITDA of EUR 1.8 million. The company employs 94 professionals, and its headquarters are located in Lahti, Finland.

“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,” said Mikko Keskinen, CEO of Tamtron.

“We are highly satisfied to continue our successful cooperation with Translink after the listing project. Their expertise was integral to the successful outcome of this acquisition and the related financing arrangement. Translink’s experience and support enabled us to achieve our goals efficiently and economically,” said Pentti Asikainen, Tamtron’s main owner and chairman of the board.

“The announced acquisition is a logical extension of Tamtron’s consistent acquisition strategy. It has been a privilege for our team to act as Tamtron’s financial advisor both in the IPO process and in this important acquisition and the related financial arrangement,” concluded Jari Lauriala, CEO and partner of Translink Corporate Finance in Finland.