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HANZA Merges Operations in Estonia
February 5, 2016 | HANZA Holding ABEstimated reading time: Less than a minute
Last year, HANZA Holding AB acquired mechanics manufacturer Metalliset, through which a production unit in Aruküla, Estonia, was obtained. HANZA has now decided to transfer and merge this unit with its other operations in Tartu, Estonia, whereby the Group creates a major manufacturing cluster with approximately 450 employees. Through this, HANZA can undertake even larger and more complex projects, while continuing to guarantee top class quality and delivery accuracy.
"The global economy with fluctuating volumes lead to high demands on the manufacturing sector," says Erik Stenfors, CEO of HANZA. "By developing our industrial park in Tartu, we strengthen HANZA's competitive position. Our clusters create significant customer value, and thus contribute to a continued profitable growth of HANZA."
The decision affects 80 employees in Aruküla and is expected to result in limited one-time costs, which essentially will be charged during the first half of 2016. The merger is expected to have a positive effect on the HANZA Group's earnings as of the third quarter of 2016.
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HANZA Wins Drone Order Under the LYNX Program
10/15/2025 | HANZAHANZA has received an initial order worth approximately SEK 40 million from a high-tech company that develops and sells drones for both civilian and defense-related applications.
Nomination Committee Appointed for HANZA AB's 2026 Annual General Meeting
10/09/2025 | HANZAAccording to a decision at HANZA AB's most recent Annual General Meeting, a Nomination Committee consisting of four members, including the Chairman of the Board, shall be appointed by the three largest shareholders or shareholder groups in terms of voting rights.
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10/02/2025 | HANZAHANZA AB has completed the acquisition of Milectria, a leading contract manufacturer of electrical systems for the defense industry.
HANZA Accelerates the LYNX Program Through Acquisition of Defense Manufacturer
07/18/2025 | HANZAHANZA AB has signed an agreement to acquire the contract manufacturing division of Milectria, a group of companies focused on the defense sector.
Increase in Share Capital and Number of Shares in HANZA
04/03/2025 | HANZAOn March 3, HANZA completed the acquisition of Leden Group Oy. Part of the purchase price consisted of 2,300,000 newly issued shares in HANZA AB.