Treston Oy grows and strengthens its market position with acquisition
Under an agreement signed today, Treston Oy is acquiring the entire share capital of Sovella Oy. With the acquisition, Treston Oy is pursuing growth and a stronger position on the European markets.
The transaction merges two deeply rooted Finnish companies specialized in furniture and storage systems for industrial and technical environments in export markets.
“The deal strengthens Treston’s aim to grow and to become the leading supplier of technical furniture in Europe,” says Treston Oy’s Managing Director Leo Saarikallio.
Sovella Oy, which has its roots in the GWS Group, has solid experience in the design and manufacturing of industrial furniture and ergonomic workstations. The company’s headquarters and factory are located in Jyväskylä, Finland, and it employs nearly 140 people. Sovella’s product portfolio includes industrial furniture and manual transport systems for various industrial sectors and public facilities. Additionally, shelving and storage systems for the consumer market are manufactured under the Sovella@home brand. About half of Sovella’s production is exported.
Complementary product portfolios
Sovella’s industrial products and solutions are primarily intended for the more traditional workshop and repair shop environments, while Treston’s product focus is geared more towards lighter industry, such as assembly and electronics as well as the needs of research and product development facilities.
”The strengths and product portfolios of Treston and Sovella complement each other extremely well and strengthen our competitiveness. We believe that the business transaction will increase opportunities to significantly boost our sales growth,” comments Saarikallio.
There are differences also in the international sales office network, so this will give an added boost to sales as well.
Operations continue unchanged
The operations of both Treston and Sovella will continue unchanged also after this transaction. All Sovella personnel will continue with the company, with existing terms of employment.
”Sovella has long-term delivery agreements, and it is important for us to fulfil those agreements. Customers can trust that the good collaboration will continue also in the future,” Saarikallio emphasizes.
Additional information:
Managing Director Leo Saarikallio
Treston Oy
Tel. +358 (0)50 366 6521
Managing Director Heikki Hildén
Sovella Oy
Tel. +358 (0)400 544 952
Treston Oy
As a leader in its sector in Europe, Treston specializes in industrial and technical furniture and storage systems for demanding environments. The company has a strong export focus and its products and services are used around the world. Customer-orientation, reliability and quality have been the cornerstones of the company’s business for decades. Treston Group’s net sales totalled EUR 25 million in 2010. The Group has about 180 employees.
Treston Oy’s Head Office and factory are located in Turku, Finland. The company has subsidiaries in Germany, Sweden, the United Kingdom, Poland and Norway, and a sales office in China. Its products are sold through its own sales channels and through a comprehensive network of distributors around the world. Hexaplan Oy specializes in mail-order sales of business furniture and is also part of the Group.
Sovella Oy
Also Sovella Oy is a leader in its sector in Europe. The company has a strong product range in industrial furniture for mechanical engineering industry and workshops. Sovella also delivers large furnishing projects e.g. for electronics industry. Sovella Group’s net sales totalled EUR 20 million in 2010. The Group has about 140 employees.
Sovella Oy’s Head Office and factory are based in Jyväskylä, Central Finland. The company has subsidiaries in Germany, France and in the USA, and sales offices in the Netherlands and China.
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