Volito Automation expands through acquisition in Finland.

Volito Automation has, through its subsidiary Hydsupply Oy, acquired 100 % of Paineteho Oy, a Finnish MRO company with c. 25 employees and a yearly turnover of c. 50 M SEK. The acquisition brings an improved market position and a strengthened platform for continued profitable growth.

Volito Automation start, acquire, and develop companies within industrial automation. The group is organized in two business segments, MRO, and OEM. The MRO segment focus on continuous service, maintenance, repair and optimization while the OEM segment offers product- and technology development and construction and assembly of hydraulic solutions and electrification.

– I am proud to announce the acquisition of Paineteho Oy, this takes us one step further in our strategy to become a leading player in the Nordics within industrial automation solutions, says Johan Frithiof, MD of Volito Automation. In Finland we are already established through Hydsupply Oy on the MRO side, and through HydX Oy on the OEM side, two companies which already have been successful in reaching strong customer relations. Through the acquisition of Paineteho Oy we will further strengthen our MRO-business.

Paineteho Oy is a full-service company in hydraulics and pneumatics. The company has a strong offering within system and design, service, and repair. The customer base is well diversified and contains both smaller and larger firms in segments such as paper and pulp-, mining- and construction industry.

– Paineteho Oy is a valuable addition to our MRO business with several strategic touchpoints, says Jukka Sahi, MD Hydsupply Oy and responsible for the MRO business segment in Finland. I look forward to working together to strengthen our MRO business and improve our ability to undertake projects nation wide and offer our customers further added value. The Paineteho team will work as part of the Hydsupply team and continue to offer their professional services and expertise to their growing customer base, like they successfully have done for the past 42 years.

– Together with Hydsupply our customers will be able to look forward to an increased geographical coverage, a broader product range and increased know how. I am very happy to partner up with Hydsupply, and I see strong opportunities to continue to develop Volito Automation’s MRO business and build strong relations to both customers as well as suppliers, says Jukka Korvela MD Paineteho Oy.

– The acquisition will bring a substantial volume increase to us in Finland. Going forward we anticipate further opportunities for Volito Automation to capture additional market share, by being able to offer a more complete offering to the marketplace, says Johan Frithiof.