Peikko to acquire Kemecweld, welding automation technology provider

Peikko to acquire Kemecweld, welding automation technology provider (Figure: Peikko)

Peikko to acquire Kemecweld, welding automation technology provider (Figure: Peikko)
Peikko Group Corporation has agreed to acquire 100% ownership of Kemecweld Oy, a Finnish company providing manufacturing technology and various welding automation solutions. Kemecweld is based in Lahti and employs five persons. In addition, the company has been using a large number of subcontractors and partners in its projects. Peikko and Kemecweld have cooperated since the early 1990s, and Peikko has ordered several machinery set-ups from Kemecweld every year during the last ten years.

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.

 

CONTACT

Peikko Group Corporation

P.O. Box 104

Voimakatu 3

15101 Lahti/Finland

+358 20 707 511

www.peikko.com

 

Related articles:

2021-04 PEIKKO

Peikko starts manufacturing activities in Turkey

Peikko Group’s team in Turkey, Peikko Yap? Malzemeleri Sanayi ve Ticaret A.S, has started the first steps of manufacturing in a newly established premises in the city of Izmit. Peikko has had its own...

more
2020-08 Peikko Group Corporation

New Director standards and approvals nominated

Dr. Thomas Sippel, former Managing Director of the ECS Association, has been nominated as Director, Codes and Approvals, at Peikko Group Corporation starting 1st of August 2020. He will represent...

more

Peikko decided to open a new production unit in Johor Bahru, Malaysia

Peikko Group Corporation, the leading global supplier for connection technology for precast and cast-in-situ construction, has decided to open a new production unit in the city of Johor Bahru, in the...

more

Lasse Puoskari has been appointed CIO and member of the Management Team at Peikko Group

Lasse Puoskari has been appointed Chief Information Officer (CIO) and a member of the Management Team of Peikko Group as of August 1, 2022. He will report directly to the CEO Topi Paananen. Puoskari...

more

Peikko is now a shareholder of Chinese structural design company Shucko

PeikkoGroup Corporation has signed an agreement with Chinese structural design company Shanghai Shucko Construction Technology Co., Ltd. to become a major stakeholder of the company with 51 %...

more