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Estonian industrial equipment manufacturers E-Profiil AS and Technobalt have decided to merge, creating an entity with over 500 employees and combined annual revenue of over €50 million.
“The shareholders of Estonian industrial equipment manufacturers E-Profiil and Technobalt have decided to merge the two companies into an entity employing more than 500 people and with a combined annual revenue of over 50 million euros.”news.err.ee
Summarized from public sources; check the original articles before acting on it.