Translink Corporate Finance in Finland and Sweden advised Korona Invest and other Shareholders of Enmac on its acquisition by Prevas AB (publ.). Prevas has signed an agreement to acquire approximately 92 percent of the shares in Finnish company NMAC Group Oy, the parent company of Enmac Oy.

Enmac has a strong position in the Finnish market within growth areas such as energy, industrial automation, and process industry, with approximately 200 employees. Through the acquisition, which is Prevas’ first in Finland, a Nordic group is established, with operations across Sweden, Norway, Denmark, and Finland.

The acquisition will enable future market synergies and is in line with Prevas’ growth strategy. Enmac’s turnover amounted to EUR 23 million in 2023 with an EBITDA margin of 14 percent. Enmac has extensive experience of identifying and executing on successful acquisitions, and Prevas’ ambition is that the new Finnish platform will continue to drive both organic as well as acquired growth in the Finnish market.

Enmac was founded in 1983 and operates across eight locations in Finland. The company offers advanced services in production process development and has an especially strong capability in managing turnkey solutions for leading industrial companies. Enmac will contribute with cutting-edge expertise in several areas such as advanced technical calculations, industrial automation, product development, as well as process and piping design. Enmac’s largest customers include Valmet, Andritz, Kemira, Metsä Group and Fortum.

Magnus Welén, CEO of Prevas, says, “Finland and Sweden have strong standings within industry and technology. Enmac is an excellent complement to Prevas’ operations, and we see significant mutual market synergies in jointly offering premium services throughout the Nordic region. We look forward to welcoming both the company and all its employees into the Prevas family.”

Juha Ritala, CEO of Enmac, says, “The combination with Prevas is perfect for Enmac and opens up accelerated growth as well as a broader Nordic presence. Prevas will strengthen Enmac’s offering in areas such as industrial IT, embedded systems, and Internet of Things (IoT). It will also provide exciting new development opportunities for our employees.”

Translink had an integral role in facilitating the transaction. Juho Mäkiaho, Chairman of Enmac and partner at Korona Invest comments on the process, “The collaboration with Translink was smooth, and the team’s flexibility, steadfast commitment, and rigorous process left a favourable impression. Partnering with Translink resulted in an exceptional outcome, while also saving time and effort for the primary shareholders and the management team.”

Jari Lauriala, CEO of Translink Corporate Finance in Finland, says, “This transaction is part of a longer continuum of Translink assignments in the industrial engineering sector, where we have special international experience. Translink’s long-term objective is to serve similar business services companies whose strategies focus on digitisation, zero emission energy, automation and IoT.”