Peikko to acquire Kemecweld, welding automation technology provider (Figure: Peikko)
Peikko’s intention is to increase its in-house know-how on automation and welding technologies. The goal is to build a “Peikko Technology Center”, which will be responsible not only for developing state-of-the-art manufacturing machinery, but also for ensuring the right modernization of the existing machinery at Peikko. All Kemecweld’s employees will continue working at Peikko. The new Peikko Technology Center will not provide its know-how to third parties, as all capacities will be used for Peikko’s investments. Also, the intention is that during 2022-2023 the team will move to build-to-purpose premises next to Peikko Finland’s factories in Lahti. The official date of transaction will be January 1, 2022.
- We are pleased to welcome a new, skilled manufacturing development team within Peikko. The team will provide a major boost for Peikko’s major machinery investments in the coming years. We are happy to have the Kemecweld team to be part of our global Operations team, says Topi Paananen, CEO of Peikko Group Corporation.
- With this transaction my personal status changes from being an entrepreneur to being a team lead in a multinational company. I am very much looking forward to this new career path to focus on building competitive advantages for Peikko in welding technologies, says Heikki Volotinen, the seller and Managing Director of Kemecweld Oy.
Peikko Group Corporation
P.O. Box 104
+358 20 707 511