# Boreo's Machinery Oy acquires GT Motor machining business in Finland

Machinery Oy, part of Boreo, acquired the machining business operations of Moottorikoneistus Ojala Oy (GT Motor) on May 1, 2022. The business will be transferred to Machinery's facilities in Vantaa during autumn 2022. GT Motor's 2021 net sales were approximately 0.2 million euros.

- Type: Acquisition
- Announced: 2022-05-30
- Where: Vantaa, Finland
- Jobs: 2
- Status: completed
- Products: machining services for large industrial engines
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Machinery Group Oy](https://endata.com/companies/45015.md) (acquirer)
- [Boreo](https://endata.com/companies/63133.md) (acquirer)
- [Moottorikoneistus Ojala Oy (GT Motor)](https://endata.com/companies/63134.md) (target)

## Sources

- [gulfoilandgas.com](https://www.gulfoilandgas.com/webpro1/main/mainnews.asp?id=930468), 2022-05-30: "Machinery Oy has on May 1, 2022 acquired the machining business operations of Moottorikoneistus Ojala Oy (GT Motor)."

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