Summa Defence Acquires Uudenkaupungin Työvene Oy

Summa Defence Acquires Lännen MCE Oy

November 18, 2024

Manufacturing

Finnish defence and security group Summa Defence Ltd has acquired Lännen MCE Oy (including its subsidiaries Lännen Tractors Oy, Aquamec Oy and Lännen MCE AB) through a share exchange agreement. The deal brings Lännen's multipurpose machinery and Watermaster capabilities into Summa Defence's portfolio to strengthen mobility and dual-use solutions for defence and civilian infrastructure; Lännen reported ~€50m revenue and ~150 employees for the year ending June 2023.

Summa Defence Ltd Acquires IntLog Oy

November 25, 2024

Manufacturing

Finnish defense group Summa Defence Ltd has agreed to acquire all shares of IntLog Oy through a share exchange. IntLog founders Emilia Koivisto and Jukka Pietilä acted as sellers, will remain in leadership roles and become shareholders of Summa Defence; IntLog reported ~€3.5M revenue and 9 employees in 2023 and the purchase price was not disclosed.

Summa Defence Acquires Lightspace Group, Inc

December 3, 2024

Aerospace & Defense

Finnish defence technology group Summa Defence Ltd has acquired Lightspace Group, Inc in a share-exchange transaction. Lightspace is a deep-technology XR company (AR/VR) that develops multi‑focal near‑eye displays and AR headsets for defense and healthcare; the company conducts product development and manufacturing in Latvia and reported ~EUR 400k revenue and ~25 employees in 2023.

Summa Equity (via NG Group) Acquires Fortum Recycling & Waste from Fortum

December 2, 2024

Environmental Services

Summa Equity, through its portfolio company NG Group, has completed the acquisition of Fortum Recycling & Waste from Fortum Corporation for approximately EUR 800 million on a debt- and cash-free basis. The deal combines Fortum's recycling and waste business (≈900 employees) with NG Group to create a Nordic circular-economy leader with combined revenues of about EUR 1.2 billion, ~3,500 employees and expanded hazardous-waste and recycling capabilities.

Stora Enso Acquires Finnish Sawmill Company Junnikkala Oy

May 2, 2025

Manufacturing

Stora Enso has completed the acquisition of Finnish sawmill company Junnikkala Oy for a total enterprise value of up to EUR 137 million, with part of the consideration contingent on production milestones. The Junnikkala sawmills — including a new mill in Oulu — will be integrated with Stora Enso’s packaging board site in Oulu to secure a cost-efficient wood supply, increase sawmilling capacity and generate estimated synergies of approximately EUR 15 million annually.

Vestum Acquires Lakers from Summa Equity for ~SEK 2bn

October 7, 2021

Industrial Services

Vestum AB (publ) has signed a definitive agreement to acquire Lakers Group Holding AS from Summa Equity for approximately SEK 2 billion, with around SEK 250 million of the consideration to be reinvested into Vestum. Lakers is a leading independent aftermarket service provider of water and wastewater pumps headquartered in Oslo, Norway, with more than 400 employees and 25 entities across the Nordics, Germany and the UK; Summa Equity says the business expanded rapidly under its ownership.