Ratos's associated company Haendig acquires Finnish Penope
"Haendig sees Finland as a strategically attractive market. Penope suits our strategy extremely well. A profitable company with products in common such as Hitachi electric hand tools," comments Thomas Holmgren President of Haendig AB as well as the new chairman of Penope.
"Penope will continue to be operated as before but we see clear synergies in the Hitachi product area for which the Group has the agency in Sweden, Norway, Denmark and Finland. We also see opportunities to provide Penope with attractive products from Haendig's strong program such as fastenings," Holmgren continues.
Penope with its president Jarmo Kivistö will be placed within the Markt Group in Norway. The former principal owner, Arto Jokinen, will remain on Penope's board.