HIMA Capital Oy has acquired the entire shareholding of Keravan Teräsmiehet Oy, with the aim of enhancing its product offerings and market position in the Finnish metal industry.

Target Company Overview

Keravan Teräsmiehet Oy specializes in the subcontracted manufacturing of high-quality sheet metal components and assemblies tailored for machinery and equipment manufacturers. Established in 1992 by Unto Tamm, this family-owned business has built a reputation for its proprietary products, which include enclosures for distribution centers and various telecom housings. Approximately 30% of the company's revenue stems from these in-house manufactured products. In 2024, Keravan Teräsmiehet Oy reported a revenue of approximately €4.2 million. Following the acquisition, Keravan Teräsmiehet will become a sister company to Peltitarvike Oy, owned by HIMA Capital Oy. This synergy is expected to enhance Peltitarvike's current production and development initiatives significantly, leveraging Keravan Teräsmiehet's expertise in sheet metal work.

Industry Overview in Finland

The Finnish metal industry is characterized by its high standards of quality and innovation, particularly in the manufacture of steel products. Finland has a long-standing tradition of industrial excellence, bolstered by extensive engineering expertise and a robust educational system. In recent years, the industry has witnessed a shift towards increased automation and the integration of advanced technologies into manufacturing processes. This evolution is key for maintaining competitiveness in the European and global markets.

As demand for customized metal components grows, Finnish manufacturers are increasingly adopting lean manufacturing principles to optimize production efficiency and reduce waste. The expansion of industries such as renewable energy and electric vehicles is