# Yleiselektroniikka acquires Machinery Group for EUR 26.2 million

Yleiselektroniikka Oyj acquired Machinery Group Oy for EUR 26.2 million. Machinery is a Finnish technical trading company supplying industrial engines, generators, construction machines, tools and machines.

- Type: Acquisition
- Announced: 2020-02-05
- Where: Finland
- Value: $29.0M (26.2M EUR)
- Status: completed
- Products: industrial engines, generators, construction machines, tools and machines
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md), [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Yleiselektroniikka Oyj](https://endata.com/companies/45014.md) (acquirer)
- [Machinery Group Oy](https://endata.com/companies/45015.md) (target)

## Sources

- [dnbcarnegie.com](https://www.dnbcarnegie.com/transaction/acquisition-of-machinery-group-oy-fi-by-yleiselektroniikka-oyj-fi-enterprise-value-eur-262-million/), 2020-02-05: "Carnegie acted as sole financial adviser to Yleiselektroniikka in the acquisition of Machinery Group."

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