# E-Profiil and Technobalt to merge

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.

- Type: Acquisition
- Announced: 2016-12-27
- Where: Estonia
- Status: announced
- Products: metal equipment, conveyor systems
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [E-Profiil](https://endata.com/companies/21011.md)
- [Technobalt](https://endata.com/companies/21012.md) (partner)

## Sources

- [news.err.ee](https://news.err.ee/120161/estonian-industrial-equipment-manufacturers-e-profiil-technbalt-to-merge), 2016-12-27: "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."

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