Vaski Group Oy from Sein\u00e4joki, Finland, a company experiencing robust growth, expands through the acquisition of Pivatic Oy, Hyvink\u00e4\u00e4, Finland. The consideration paid marks a significant milestone for Vaski as it continues to strengthen its position in the industry and strives for excellence in manufacturing and innovation.<\/p>\n\n\n\n
This combination is a merger of equals where both businesses achieved a record recent order backlog of \u20ac11 million. After the purchase, the combined sales exceed \u20ac25 million and 100 staff.<\/p>\n\n\n\n
Vaski significantly enhances its coil fed systems business with Pivatic’s focus on coil fed punching and bending lines for sheet metal processing. Pivatic in turn makes a leap forward with Vaski’s focus on coil feeding technologies for industry.<\/p>\n\n\n\n
Vaski Managing Director, Michael Mansour, delightedly remarks \u201coff the back of significant growth in the Vaski business, I am excited by this combination, creating a new leader in coil fed systems leveraging both companies’ multicoil expertise and bringing Pivatic’s 50 years of tradition into Vaski.\u201d <\/p>\n\n\n\n
Jan Tapanainen, Pivatic CEO, adds \u201cI am thrilled to be part of this merger creating significant cross selling synergies and a clear vision for both businesses in the future. Vaski and Pivatic come together to create a coil fed systems champion and world market leader in our sector.\u201d<\/p>\n\n\n\n
In 2023, over 18% of Vaski revenue was spent on research and development, demonstrating Vaski\u2019s commitment to technology advancement in industrial machinery. With a shared commitment to innovation and quality, Vaski Group is ready to leverage its expertise in developing Pivatic, particularly in strengthening research and development activities.<\/p>\n\n\n\n
Both Vaski and Pivatic have solidified their position as international enterprises, with over 90% of products exported. Established in 2015 as Rodstein, Vaski underwent a name change in 2020 commencing a rapid growth phase. Pivatic is set to celebrate its 50th anniversary next year.<\/p>\n","protected":false},"excerpt":{"rendered":"
Vaski Group Oy from Sein\u00e4joki, Finland, a company experiencing robust growth, expands through the acquisition of Pivatic Oy, Hyvink\u00e4\u00e4, Finland. The consideration paid marks a significant milestone for Vaski as it continues to strengthen its position in the industry and strives for excellence in manufacturing and innovation.<\/p>\n
This combination is a merger of equals where both businesses achieved a record recent order backlog of \u20ac11 million. After the purchase, the combined sales exceed \u20ac25 million and 100 staff.<\/p>\n","protected":false},"author":4,"featured_media":17423,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","_improvement_type_select":"improve_an_existing","_thumb_yes_seoaic":false,"_frame_yes_seoaic":false,"seoaic_generate_description":"","seoaic_improve_instructions_prompt":"","seoaic_rollback_content_improvement":"","seoaic_idea_thumbnail_generator":"","thumbnail_generated":false,"thumbnail_generate_prompt":"","seoaic_article_description":"","seoaic_article_subtitles":[],"footnotes":""},"categories":[1],"tags":[],"class_list":["post-17422","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"acf":[],"yoast_head":"\n