Summa Defence Acquires Uudenkaupungin Työvene Oy
November 18, 2024
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.
- Buyers
- Summa Defence Ltd
- Targets
- Uudenkaupungin Työvene Oy
- Sellers
- Juha Granqvist, Janne Kosomaa, Baltic Workboats AS
- Platforms
- Summa Defence Ltd
- Industry
- Aerospace & Defense
- Location
- Finland
- Transaction Type
- Addon
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