Beijer Tech, a subsidiary of Beijer Alma, signed an agreement to acquire the assets of Uudenmaan Painehuolto Oy (UPH), a Finnish compressed air equipment distributor and maintenance company with about EUR 3.3 million annual revenue. Closing is expected in March 2025.
AVS-Yhtiöt Oy and its owners sold AVS-Power Oy, a Finnish technical wholesaler and manufacturer of pneumatics, industrial valves and compressors, to Beijer Oy, a subsidiary of Beijer Alma AB. The deal was advised by Avance Attorneys and reported on March 4, 2024.
Beijer Tech, a subsidiary of Beijer Alma, signed an agreement on February 29, 2024 to acquire 100% of AVS Power Oy, a Finnish technical wholesaler and manufacturer of pneumatics, industrial valves and compressors based in Espoo. Closing is expected in the first quarter of 2024.