# Novatech acquires TTS Liftec for €5.8M

Denmark-based Novatech ApS completed the acquisition of Finland's TTS Liftec Oy AB from TTS ASA Group for €5.8 million including net cash, plus an earn-out. The acquisition expands Novatech's product portfolio in heavy-duty transportation equipment.

- Type: Acquisition
- Announced: 2017-02-06
- Where: Tampere, Finland, Finland
- Value: $6.20M (5.80M EUR)
- Status: completed
- Products: heavy-duty transportation equipment, ro-ro cassette lifters
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [Novatech ApS](https://endata.com/companies/16724.md) (acquirer)
- [TTS Liftec Oy AB](https://endata.com/companies/16725.md) (target)
- [TTS ASA Group](https://endata.com/companies/16726.md) (partner)

## Sources

- [worldcargonews.com](https://www.worldcargonews.com/cargo-handling-equipment/2017/02/novatech-acquires-tts-liftec/), 2017-02-06: "Denmark-based Novatech ApS has acquired Finland’s TTS Liftec Oy AB from TTS ASA Group in Bergen"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.