Public Company Manufacturing

Summa Defence

Helsinki, Finland

Formerly known as Meriaura Group Oyj, Meriaura Group Plc, Meriaura Group Plc (merged into Summa Defence)

Finnish defence and security technology group supporting industry growth and strengthening industrial production capacity amid geopolitical change. Focuses on dual-use technologies related to security of supply, situational awareness, mobility, and defence/civilian applications.

Focus Areas
Dual-use security of supply technologies, Situational awareness, Mobility solutions
Website
summadefence.fi

Tracked deals

4

4 tracked deals across 2024.

Recent pace

0

0 tracked deals announced in the last 12 months.

Deal mix

Buyout

3 buyout · 1 addon

Summa Defence Acquisition Volume by Year

Last 1 years

Acquisition volume by year Annual acquisition counts for the last 1 years for Summa Defence. 4 2024

Supporting Data

Recent Transactions

  • Buyer
    Summa Defence Ltd
    Target
    Lightspace Group, Inc (operating as Lightspace Technologies / SIA Lightspace Technologies)
    Seller
    All current shareholders
    Location
    United States
    Type
    Buyout

    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.

  • Buyer
    Summa Defence Ltd
    Target
    IntLog Oy
    Seller
    Emilia Koivisto, Jukka Pietilä
    Industry
    Manufacturing
    Location
    Finland
    Type
    Buyout

    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.

  • Buyer
    Summa Defence Ltd
    Target
    Uudenkaupungin Työvene Oy
    Seller
    Juha Granqvist, Janne Kosomaa, Baltic Workboats AS
    Location
    Finland
    Type
    Addon

    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.

  • Buyer
    Summa Defence Ltd
    Target
    Lännen MCE Oy
    Seller
    Lännen MCE Oy
    Industry
    Manufacturing
    Location
    Finland
    Type
    Buyout

    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.

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