# Aebi Schmidt Group acquires Arctic Machine Oy

Swiss-based Aebi Schmidt Group has completed the acquisition of Arctic Machine Oy, a Finnish manufacturer of road maintenance vehicles and equipment. The deal was signed in February 2020 and closed in two stages, with the second stage closing on November 5, 2020.

- Type: Acquisition
- Announced: 2020-11-05
- Where: Jyväskylä, Finland
- Status: completed
- Products: road maintenance vehicles and equipment
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Aebi Schmidt Group](https://endata.com/companies/51012.md) (acquirer)
- [Arctic Machine Oy](https://endata.com/companies/51013.md) (target)

## Sources

- [magnussonlaw.com](https://www.magnussonlaw.com/news/acquisition-arctic-machine-aebi-schmidt-stage-2-closed/), 2020-11-05: "Arctic Machine Oy will continue to operate as an independent brand, under its current management and with its existing workforce."

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