Nolan’s Notes: Finding Your Sweet Spot
Standard of Excellence: Delivering Excellence—A Daily Goal
Knocking Down the Bone Pile: Tin Whisker Mitigation in Aerospace Applications, Part 3
HANZA and Metalliset Join Forces
September 1, 2015 | Globe NewswireEstimated reading time: 1 minute
The merger between Swedish HANZA and Finnish Metalliset Group has been finalized. The new group will consist of approximately 1,500 people with a turnover exceeding 160 MEUR. The deal is done partly in shares; therefore the resulting company becomes a Finnish-Swedish owned company HANZA Holding AB (publ), listed on Nasdaq First North, is a Swedish, fast growing industrial business partner in manufacturing, with factories in mechanics, electronics, cable harnesses and assembly of complex products. HANZA also offers strategic advice on manufacturing operations, called MIG. HANZA employs about 1 000 people in Sweden, Finland, Central Europe, Estonia and China.
Metalliset Oy is one of Finland’s most successful industrial companies, offering high quality mechanical manufacturing. Metalliset has about 500 employees in Finland, Central Europe, Estonia and China. Its customers are large, well-known Nordic companies.
Today, the deal to merge the business, which was announced earlier this summer, was finalized. The result is one of the market leaders in Northern Europe in manufacturing.
The deal is valued at over 7 MEUR and consists of a cash part and share part, resulting in the previous owners of Metalliset becoming the largest owners of the new HANZA group.
"Metalliset is an extremely well-run business and this deal is an important step for our further development,” said Erik Stenfors, CEO of HANZA. "We see great synergies and the management in Metalliset adds market-leading expertise in mechanics”.
"HANZA's business model with complete manufacturing solutions creates new opportunities for our existing customers,” says Matti Hirvonen, CEO of Metalliset. "Thus we see that this deal provides a continued good future for Metalliset Group."
Share on:
Suggested Items
LITEON Technology Reports Consolidated June Sales of NT$13.6 Billion, Up 16% Y-o-Y
07/08/2025 | LITEON TechnologyLITEON Technology reported its June consolidated revenue of NT$13.6 billion. Thanks to the growth from power management in cloud computing, advanced server, and networking, the revenue is up 2% M-o-M, 16% Y-o-Y. The cumulative sales for January to June totaled NT$76.8 billion, up 24%, Y-o-Y.
Inside Aimtron’s Cross-border EMS Strategy
07/08/2025 | Nolan Johnson, SMT007 MagazineMukesh Vasani immigrated from a very small farming village in India to the U.S. in 1995 as a civil engineer. After shifting into electronics, Mukesh built his Chicago-based company, Aimtron, into a successful enterprise by combining quality with competitive pricing. He leveraged his roots in India to expand manufacturing without compromising on quality.
Be the Partner Engineers Can Rely On
07/08/2025 | Nolan Johnson, SMT007 MagazineGreen Circuits’ unique niche in the electronics manufacturing industry comes partly from its location in Silicon Valley, but also from its specialty of serving up quick-turn prototypes and low-volume work with high-complexity production. In this conversation, CEO Michael Hinshaw emphasizes the value of end-to-end services, especially while the pace of R&D development is accelerating amidst a growing demand for complexity across industries.
Electronics Industry Wrestles with Cost Pressures and Weaker Profitability
07/07/2025 | Global Electronics AssociationElectronics manufacturers are facing rising material and labor costs according to the Global Electronics Association’s June Sentiment of the Global Electronics Manufacturing Supply Chain Report.
Naprotek Appoints James Eisenhaure as Chief Financial Officer
07/07/2025 | Naprotek LLCNaprotek, LLC, a leading provider of mission-critical electronics technology solutions, today announced that James Eisenhaure has been appointed Chief Financial Officer, effective June 30. Eisenhaure has been serving as interim CFO since earlier this year and now formally steps into the role.