# Algol Technics acquires 75% stake in Co-Automation

Algol Technics has signed an agreement to acquire 75% of Co-Automation, a Finnish automation solutions design company based in Vaasa. The deal includes an option to buy the remaining 25% later.

- Type: Acquisition
- Announced: 2018-01-22
- Where: Vaasa, Finland
- Jobs: 25
- Status: announced
- Products: robotics solutions, automation design
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [Algol Technics](https://endata.com/companies/18172.md) (acquirer)
- [Co-Automation](https://endata.com/companies/18173.md) (target)

## Sources

- [sttinfo.fi](https://www.sttinfo.fi/tiedote/65808171/algol-technics-ostaa-enemmistoosakkuuden-co-automation-oysta---yhdistymisella-haetaan-kasvua?publisherId=65672260), 2018-01-22: "Yhdessä voimme kasvaa nopeammin kuin yksin toimimalla."

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