Estonian Ferrel AS acquires Finnish Farmi Forest

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Ferrel AS, a producer trailers and other attachments to tractors founded 1997, has acquired a pioneer in agricultural and forestry machinery manufacturing Farmi Forest Corporation from Normet Group.

The combination of the two companies has now nearly 100 years of experience providing solutions to forestry and agriculture.

The acquisition was finalised 11.6.2020. The combination gives the company a strong, scalable organisation enabling an improved customer service and customer experience to thousands of customers.  

Farmi Forest and Ferrel are well known creating products with northern Europe quality standards and withstand their extreme working environments. The new expanded business will serve solutions to Europe, Middle East, Africa North America to South America.

The CEO of Ferrel and the new Chairman of Farmi Forest Margo Pajula crystallize:

“What Ferrel needs are new sales channels and Farmi brings them into. For those channels together we can offer wider range of products and efficiency in production, deliveries, and after sales.”

The CEO of Farmi Forest Ilkka Kuuramaa continues to lead the Farmi Forest organization says:

“This is a major growth opportunity for both of the businesses and great opportunity to extend even further our solution offerings for our clients all over the world. As we are prepared for the growth, we are excited to announce also signing Olli Honkamäki to join as Sales and Marketing Director. Olli Honkamäki has years of experience leading global teams and distribution networks globally. We want to keep the rich heritage, provide unified communication and increase collaboration between our distributors and partners.”

Aaro Cantell, Chairman of Normet Group, says:

“Normet core business is in mining and tunnelling, Since Farmi Forest business was about 1% of Normet business it was natural to sell the business to an owner, who can put required resources on developing Farmi Forest as their core business. I am happy that Ferrel is that new owner”

Contact info:

Farmi Forest, Ahmolantie 6, 74510 Iisalmi, Finland

COB: Margo Pajula,

CEO: Ilkka Kuuramaa,, +358 40 702 8280

Sales Director: Olli Honkamaki,, +358 40 809 4590

Normet Group: Aaro Cantell, Chairman of Board, + 358 400 706 072

More information about the products it offers can be found at the company websites: and