# CapMan and Ruukki combine Komas and Ruukki Engineering to form Fortaco

Funds managed by CapMan and Rautaruukki Corporation have combined units of Komas and Ruukki's Engineering division to form Fortaco, a new company expected to generate €270 million in turnover and employ 2,600 people.

- Type: Acquisition
- Announced: 2020-04-09
- Where: Finland
- Jobs: 2,600
- Status: announced
- Products: welded and machined components, operator cabins, assembled machines and equipment
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Fortaco Group](https://endata.com/companies/15173.md)
- [CapMan](https://endata.com/companies/46467.md) (investor)
- [Rautaruukki](https://endata.com/companies/46468.md) (partner)
- [Komas](https://endata.com/companies/46469.md) (target)

## Sources

- [manufacturing-journal.net](https://www.manufacturing-journal.net/press-release/2442-komas-and-ruukki-create-fortaco-europes-leading-manufacturing-partner-for-the-engineering-industry), 2020-04-09: "The transaction enables us to form a highly competitive company with state-of-the-art manufacturing operations in Finland, Poland, Estonia, Hungary and Slovakia."

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