Summa Defence Acquires Lännen MCE Oy
November 18, 2024
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.
- Buyers
- Summa Defence Ltd
- Targets
- Lännen MCE Oy
- Sellers
- Lännen MCE Oy
- Industry
- Manufacturing
- Location
- Finland
- Transaction Type
- Buyout
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