Summa Defence Acquires Lännen MCE Oy

Summa Defence Acquires Uudenkaupungin Työvene Oy

November 18, 2024

Aerospace & Defense

Finnish defense and security technology group Summa Defence Ltd has acquired all shares of shipbuilder Uudenkaupungin Työvene Oy via a share exchange. The sellers — Juha Granqvist, Janne Kosomaa and Baltic Workboats AS — become shareholders in Summa Defence; Uudenkaupungin Työvene reported ~EUR 17 million revenue in 2023 and employs about 70 people.

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 Acquires Majority Stake in myneva

June 30, 2021

Software

Summa Equity Fund II has acquired a majority stake in myneva, a Hamburg‑based European software provider offering SaaS solutions for the social care sector. myneva serves around 2,000 customers across six European countries, has approximately 220 employees and €30m in revenue; Summa intends to support further digitization, international expansion and continued growth.

Summa Equity Acquires Majority Stake in FAST LTA

May 2, 2024

Cybersecurity

Summa Equity has acquired a majority stake in FAST LTA, a Munich-based provider of secure data storage and archiving solutions, investing from its EUR 2.3bn Article 9 Fund III. FAST LTA, which has ~100 employees and reported EUR 25m revenue in 2023, will leverage Summa's support to pursue international expansion and further develop its secure, energy-efficient storage and ransomware-protection offerings.

HANZA Acquires Leden Group Oy

March 3, 2025

Manufacturing

HANZA AB has completed the acquisition of Finnish contract manufacturer Leden Group Oy for EUR 21 million in cash plus 2.3 million newly issued HANZA shares, with earn-outs of up to EUR 15 million and up to 300,000 shares. The deal adds roughly 600 employees and five production facilities (four in Finland, one in Estonia), strengthening HANZA's sheet metal, machining and complex assembly capabilities and broadening its customer base in energy storage, energy distribution and industrial automation.