# Machinery acquires Muottikolmio to strengthen construction industry position in Finland

Machinery, part of the Yleiselektroniikka Group, signed an agreement to acquire the entire share capital of Muottikolmio Oy, a Finnish construction industry service company, for approximately EUR 4 million in goodwill. The acquisition strengthens Machinery's product and service range for the construction industry.

- Type: Acquisition
- Announced: 2020-06-07
- Where: Vantaa, Finland
- Value: $4.72M (4.00M EUR)
- Status: announced
- Products: concrete and renovation construction products
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Machinery Group Oy](https://endata.com/companies/45015.md)
- [Yleiselektroniikka Oyj](https://endata.com/companies/45014.md) (investor)
- [Muottikolmio](https://endata.com/companies/47727.md) (target)

## Sources

- [machinery.fi](https://machinery.fi/en/machinery/news/machinery-part-of-the-yleiselektroniikka-group-acquires-muottikolmio-to-strengthen-its-position-in-the-construction-industry-in-finland/), 2020-06-07: "It is a pleasure to welcome Muottukolmio and its employees into our growing family."

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