# Finnsiirto acquires Simeri and Suomen Telakone

Finnsiirto Oy, a portfolio company of Folmer Equity Fund II, has acquired Simeri Oy and Suomen Telakone Oy. The combined group has an estimated revenue of EUR 60 million and employs 120 professionals.

- Type: Acquisition
- Announced: 2020-03-03
- Where: Vantaa, Finland, Finland
- Value: $66.0M (60.0M EUR)
- Jobs: 120
- Status: completed
- Products: forklifts, material handling equipment, aerial work platforms, construction machines
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [Finnsiirto Oy](https://endata.com/companies/45668.md) (acquirer)
- [Simeri Oy](https://endata.com/companies/45669.md) (target)
- [Suomen Telakone Oy](https://endata.com/companies/45670.md) (target)
- [Folmer Equity Fund II](https://endata.com/companies/45671.md) (investor)

## Sources

- [simeri.fi](https://simeri.fi/en/finnsiirto-oy-a-portfolio-company-of-folmer-equity-fund-ii-acquires-simeri-oy-and-suomen-telakone-oy/), 2020-03-03: "The fast-growing forklift solution provider Finnsiirto Oy has acquired Simeri Oy and Suomen Telakone Oy, thus creating a new operator with a significant role at national level with also a presence in the Baltics."
- [vertikal.net](https://vertikal.net/en/news/story/34922/finnsiirto-acquires-simeri), 2020-03-04: "Finnsiirto has said the acquisition of Simeri – along with the recent takeover of Finnish earthmoving sales and service company Suomen Telakone – will allow it to play a significant role at a national level whilst also giving it a presence in the Baltics."

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