Raute’s fully owned Hiottu Oy to be merged into Raute Corporation
RAUTE CORPORATION PRESS RELEASE 16 AUGUST 2024 AT 9 A.M. Raute’s fully owned Hiottu Oy to be merged into Raute Corporation Raute's Board of Directors has approved a merger plan according to which the company's fully owned subsidiary Hiottu Oy will be merged into Raute Corporation. The merger is expected to take place on 31 December 2024. Raute Corporation acquired 80 percent of the shares of Hiottu Oy in 2020 and redeemed the remaining 20 percent in 2023. Hiottu Oy has brought strong digitalization expertise to Raute, especially in machine vision and AI