Completed · Finland · Industrial machinery
HANZA acquires Fortaco's heavy mechanics and assembly business.
HANZA, the Stockholm-based contract manufacturer, completed on 2 November 2026 its acquisition from Fortaco of five factories for heavy mechanics and complex assembly in Kurikka and Sastamala (Finland), Narva (Estonia) and Wrocław and Janów Lubelski (Poland), with approximately 1,300 employees. The agreement was signed on 15 July 2026. The deal completed on 2 November 2026.
SigningDay 100
Signing 15 July 2026 · Day 100 on 10 February 2027
- Buyer
- HANZA ·Stockholm, Sweden
- Target
- Fortaco heavy mechanics and assembly business ·Finland
- Type
- Acquisition
- Announced
- 15 July 2026
- Signed
- 15 July 2026
- Completed
- 2 November 2026
- Value
- about EUR 144 million, up to EUR 200 million with earn-out
- People
- approximately 1,300
- Last checked
- 2 November 2026
The people side in Finland
- Where the deal needs EU merger clearance, the buyer may not implement it before clearance. EU Merger Regulation (Council Regulation (EC) No 139/2004), article 7
- In an asset deal, staff move on their existing terms, and the transfer alone is no ground for dismissal. Acquired Rights Directive (Council Directive 2001/23/EC), articles 3 and 4
- In an asset or business transfer, seller and buyer each inform their staff representatives in good time of the date, reasons, implications and planned measures, and consult on those measures. Acquired Rights Directive (Council Directive 2001/23/EC), article 7
- Depending on the country, undertakings with 50 or more employees, or establishments with 20 or more, inform and consult employee representatives on decisions likely to change work organisation or contractual relations substantially. Information and Consultation Directive (Directive 2002/14/EC), articles 3 and 4
Sources
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