# HANZA acquires Finnish machining specialist Toolfac Oy

HANZA Holding AB acquired Toolfac Oy, a Finnish high-tech manufacturer specializing in machining with about 60 employees and annual turnover of SEK 80 million. The purchase price is estimated at SEK 34 million.

- Type: Acquisition
- Announced: 2019-01-31
- Where: Finland, Finland
- Value: $3.70M (34.0M SEK)
- Jobs: 60
- Status: completed
- Products: machined components, hydraulic components, pneumatic components, valve systems
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md), [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [HANZA AB](https://endata.com/companies/15172.md) (acquirer)
- [Toolfac Oy](https://endata.com/companies/37020.md) (target)

## Sources

- [news.cision.com](https://news.cision.com/hanza-ab/r/hanza-acquires-a-finnish-specialist-company-in-machining,c2729647), 2019-01-31: "HANZA Holding AB (publ), listed on First North, has today acquired Toolfac Oy ("Toolfac"), a high-tech Finnish manufacturer focusing on machining."

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