Tier 1 Assembly Outsourcing services Machine

Beyond Tier 1: Assembly outsourcing in the off-highway industry

Outsourcing is a great choice when a customer has a big-picture strategic interest in their approach to production. As technology is developing and products offered with four or more types of engines (diesel, hydrogen, hybrid, electric), it rarely makes sense for an OEM to invest in the capability to manufacture all those types.

How can assembly outsourcing impact a capital requirement? How did Mercedes get better painting quality for their automobiles by Saab?

Find out by downloading our white paper.

Stronger than Steel

Women and their visions are needed in our industry. ????

The industry offers them great opportunities to build careers, develop skills and expertise, while using their strengths. There are many more women working in this business than usually assumed.

We interviewed some of the great ladies in our team and asked what are the most favorable and valued themes in their work. ????

Things like innovation, creativity, development, learning, support, flexibility, motivation, and engagement were brought up – all are words that can also be related to our dedicated team.

Fortaco wishes an excellent International Women’s Day to every woman working with us, reading this post, and trusting tomorrow and their visions. ???? ????


Preliminary financials

Fortaco’s preliminary financials for 2022 and outlook for 2023

Fortaco Group Holdco Plc[1] (“Fortaco”), the leading strategic partner to the heavy off-highway equipment and marine industries, announces preliminary financials for the fiscal year ended 31 December 2022 along with an outlook for 2023, including selected financial and operating results.

In 2022, Fortaco recorded net sales of EUR 332.4 million, recurring EBITDA of EUR 24.7 million and a net debt of EUR 52.0 million. This corresponds to more than 40% YoY growth in net sales.

Read the press release here.

[1] Fortaco Group Holdco Plc acquired 100% of the shares in Fortaco Group Oy on 30 September 2022, after which Fortaco Group Oy and its subsidiaries were consolidated under Fortaco Group Holdco Plc. Consequently, Fortaco Group Holdco Plc financials are not representative of the Group’s performance, and thus the figures in the press release are presented on a full pro forma basis. Figures are in accordance with IFRS standard, unless stated otherwise.