Establishing a new company called Fortaco was agreed in October 2012 by the funds managed by CapMan (CapMan) and Rautaruukki Corporation (Ruukki).The new company was planned to be established by combining units of Komas and Ruukki’s Engineering division and the agreement has now been finalized. Fortaco becomes Europe’s largest manufacturing partner for the engineering industry.
The CEO of Komas Group, Mika Kari MSc (Industrial Engineering and Management), has been appointed Fortaco’s CEO. In addition, the management team comprises Esko Harila (CFO), Erik Skogström, Ville Jaakkola, Jukka Mäkelä, Tomas Forsgård and Juha Simola. The Board of Directors comprises representatives designated by CapMan, Peter Augustsson (Chairman), Jan Mattlin and Lars Hellberg, members designated by Ruukki, Mikko Hietanen and Marko Somerma and in addition Jukka-Pekka Nikula.
The company is formed through the combination of compatible and complementary units of Ruukki and Komas. Fortaco’s largest owner with a 66.5% stake is CapMan and Ruukki will hold 19.0% of the company’s equity. Komas’ units excluded from the arrangement will continue to operate as an independent company, Komas Keski-Suomi, with Antti Jokitalo as new CEO and under CapMan’s and other present ownership.
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Fortaco Technology is now Zero Emission Solutions
"When starting my first job in Isuzu Motors in Japan as a diesel engine control system engineer, I was excited to develop solutions that reduce CO2…
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Season’s Greetings
🎄 ✨ Team Fortaco would like to express thanks to our customers, business partners and colleagues for the excellent cooperation throughout the year.…
12/12/2022
Fortaco expands vehicle cabin capacity in Holic factory Slovakia
Fortaco has started a capacity extension project at Business Site Holic in Slovakia. The investment will consist of a 4.000 m2 factory extension, an…
30/10/2022
End & New beginning
Creating the future co-operation. The next generation off-highway professionals visiting Fortaco booth in Bauma. 🚜 Exciting week starts to be at the…