HANZA, a global knowledge-based manufacturing company founded in 2008, has acquired five manufacturing facilities specialising in heavy mechanics and complex assembly from Fortaco Finland Oy. Located in Finland, Estonia, and Poland, the facilities employ approximately 1,300 people and generate annual revenue of around EUR 170 million.
The transaction was structured as a combination of asset and share acquisitions. It included the operational part of Fortaco’s heavy mechanics and assembly business in Finland, shares in the Estonian subsidiaries, Fortaco Estonia OÜ and Linda Properties OÜ, as well as two Polish subsidiaries. Fortaco retains its vehicle cabin business, which was separated from the divested operations and streamlined.
Through the acquisition, HANZA strengthens its position in the heavy mechanics segment, where long-term demand is expected to remain strong. The acquisition also expands HANZA’s customer base with limited customer overlap while further strengthening HANZA’s position as a full-service manufacturing partner for European industry.
COBALT advised HANZA on the transaction as its local counsel in Estonia. Our team was led by Partners Martin Simovart and Jesse Kivisaari, together with Senior Associate Elis Toim.
