Fortaco Oy to divest its Kurikka Machining Site to Komas Oy

Fortaco Oy (“Fortaco”) has today signed an agreement to divest its Kurikka machining site to Komas Oy (“Komas”). The site provides machining services as serial production, mainly for the agriculture, forest, energy and industrial machinery industries. The site employs 36 people.

“Our strategy is based on our mission to create value add for our customers by reshaping the way things are produced. We want to be the desired partner for our customers, mainly within the heavy equipment industry. The divestment of the Kurikka Machining site is aligned with our strategy”, says Lars Hellberg, President & CEO. “The Kurikka Machining site focuses on the machining services of smaller components as serial production and therefore fits very well in Komas’ portfolio, while Fortaco has a focus on medium-sized components” Hellberg continues.

The transaction is expected to be closed latest on 30 April 2015, whereafter all assets and employees of the Kurikka Machining site will be transferred to Komas. Financial details of the transaction are not disclosed.

Fortaco recruits in Sastamala

Fortaco has started recruitment to the Sastamala factory for manufacturing of electric-powered buses developed by Linkker. Helsinki Region Transport (HSL) has bought 12 buses from Linkker for city transport and Fortaco is responsible for the manufacturing and assembly. The first buses will be delivered in the beginning of 2016.

Fortaco estimates that at this stage the recruitment need is approximately 40 persons. Fortaco can grow its annual production capacity to 200 vehicles, and if the market demands, production can be even higher. Linkker is recruiting developers in Lahti.

“We are building the solution of the future as regards environment, economy and experience of city transport. We have strong confidence in the market potential of electric buses and see that this is just the beginning,” says Kimmo Erkkilä, Managing Director of Linkker.