# Karnell Group to acquire 96% of Konepaja Timeka

Karnell Group signed an agreement to acquire 96% of the shares in Konepaja Timeka Oy, a Finnish niche manufacturing company, with closing planned on 30 September 2022.

- Type: Acquisition
- Announced: 2022-09-26
- Where: Mynämäki, Finland
- Status: announced
- Products: customized metal parts and components
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Karnell](https://endata.com/companies/19459.md) (acquirer)
- [Konepaja Timeka](https://endata.com/companies/65547.md) (target)

## Sources

- [karnell.se](https://karnell.se/en/press-releases/karnell-group-ab-publ-to-acquire-konepaja-timeka/), 2022-09-26: "I am pleased to welcome Timeka and their employees into Karnell Group and look forward to working with Marko and his team to continue the development of the business."

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