Prima Industrie S.p.A, a manufacturer of laser systems, sheet metal working systems and electronic components for industrial applications, is celebrating 10 years since the acquisition of Finn-Power.
That acquisition, which allowed the Group to assume an increasingly global dimension, was followed by a phase of deleveraging and financial strengthening. The Group today is still aiming to grow, further improving the important results achieved, from the point of view of both market coverage and product innovation.
The facility will be located in Sandviken, Sweden, near the company’s in-house titanium raw material supply and the centre for additive manufacturing. It is expected to be operational by 2020
Finn-Power, which has contributed optimally to the completion of the Group’s product range, has also brought in a considerable installed base worldwide and a series of geographical markets on which the Group has progressively increased its turnover, such as the United States, Northern Europe, the Baltic Countries and Russia.
The integration between Prima Industrie and Finn-Power has allowed the Group that was born to overcome the period of the global crisis of 2009 and to resume growth, increasing its direct presence in the main geographic markets.
Today revenues of the Finnish company Finn-Power Oy, according to preliminary available data for 2017, are 137 million euro (up by almost 14% compared to 2016), EBITDA is increasing and net financial position is positive.
In 2017 the new modern headquarters of the company (production facility and offices of about 20 000m²) started being built in Seinajoki, where it is expected to move in the second part of this year, leaving the current plant in Kauhava. The construction of this building was completely financed by the Municipality of Seinajoki.
The company has also recently received from the Finnish consulting company Asiakastieto Oy a credit rating of AAA, in addition to the ‘Strongest’ certificate, which represents an important recognition for the work done in the improvement of profitability and financial position, as well as a guarantee of soundness for its stakeholders.
For more information contact Francesco Tallarico of Talmac Machine Tools on 072 265 1323 or visit www.talmac.co.za