Volati continues growth with acquisition of JPT-Industria
Volati has acquired all shares in JPT-Industria OY, a leading supplier of equipment to the Finnish agricultural and food industry. The acquisition is an add-on acquisition for the Industry business area and the Tornum business unit. The acquisition expands Tornum’s offering within grain handling and gives the company a stronger market position in the Nordic region. JPT-Industria reported sales of EUR 7.5 million during the last financial year.
JPT-Industria is an entrepreneurial company with about 35 employees and is headquartered in Ilmajoki in Finland. The company is a market-leading player in its niche in Finland, with a broad product portfolio in interesting product segments such as feed handling, fertiliser production, grain handling and eco-efficient energy solutions.
“We are delighted at the opportunity to acquire JPT-Industria, a company we have followed for a long time. Not only does the acquisition expand Tornum’s existing offering in grain handling and strengthen its market position in the Nordic region, but it also broadens the offering to include related applications and equipment. The acquisition therefore fits well into Tornum’s growth strategy, where a broader equipment programme strengthens the position as a systems and turnkey supplier,” says Nicklas Margård, Head of Business Area Industry.
Add-on acquisitions to existing business units are an important part of Volati’s strategy for creating long-term value growth. They reinforce the business units’ market position, and add further value through synergies.
“JPT-Industria has developed modularised concepts for its products, which are beneficial for international exports. So far, the company has focused primarily on the Finnish market, and with the help of Tornum’s international sales organisation, there are good growth opportunities through internationalisation,” says Nicklas Margård.
The acquisition has been financed through Volati’s existing credit facilities and the company will be consolidated from 1 February 2021. The acquisition is not expected to have any significant impact on Volati’s earnings for 2021.
For further information, please contact:
Nicklas Margård, Head of Business Area Industry, +46 76 200 85 78, nicklas.margard@volati.se
Mårten Andersson, CEO Volati AB, +46 72 735 42 84, marten.andersson@volati.se
Volati AB (publ)
Engelbrektsplan 1, SE-114 34 Stockholm
Tel: +46 8 21 68 40
Email: info@volati.se
Corp.reg.no.: 556555-4317
About Volati
Volati is a Swedish industrial group, founded in 2003, consisting of the business areas Trading, Akademibokhandeln and Industry. Volati mainly acquires companies with proven business models, leading market positions and strong cash flows at reasonable valuations and develops them with a focus on long-term value creation. The strategy is to build on the companies’ identity and entrepreneurial spirit, adding leadership, expertise, processes and financial resources. Volati has operations in 16 countries, about 2,000 employees and annual sales of approximately SEK 6.5 billion. Volati’s ordinary shares and preference shares are listed on Nasdaq Stockholm. Further information is available at www.volati.se.