Beijer Tech acquires Finnish company KTT Tekniikka
Beijer Alma’s subsidiary Beijer Tech, through its Finnish subsidiary Beijer Oy, has today acquired the shares in KTT Tekniikka Oy.KTT Tekniikka offers a broad range of mechanical power transmission products and service for the Finnish market. The company reported revenues of MEUR 7.5 for 2018 with favorable profitability and has numerous customers in various industries, including the pulp and paper, engineering and processing industry. Beijer Tech’s President, Staffan Andersson, commented on the transaction: “The acquisition of KTT Tekniikka will strengthen Beijer Tech’s market