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We advised Flowplus Oy in an asset deal

  • Finland

    01-10-2020

    We advised Flowplus Oy in an asset deal whereby Flowplus acquired Quant Finland Oy’s maintenance centre in Rauma specialised in the maintenance of electric motors.

    With the acquisition, Flowplus Oy strengthens its positions in industrial electric motor maintenance. According to Flowplus Oy, the asset deal provides a good opportunity to start developing machinery maintenance in western Finland. The deal is to enter into force on 1 October 2020.

    The business arrangement will not affect the status of the personnel, and co-operation with Quant Finland Oy’s partners will continue as previously even after the transaction.

     

    Flowplus Oy started its operations in 2012, and it has grown into one of the most significant Finnish companies in the field of fluid technology. Flowplus Oy’s turnover was EUR 15.9 million in 2019, and it currently employs 150 people.

    Quant AB (publ) is the global market leader in industrial maintenance. Quant operates internationally in almost 20 countries around the world and employs 2400 people. The parent company is based in Stockholm, Sweden.

    Kirsi Putkonen, Partner

    This information is for guidance purposes only and should not be regarded as a substitute for taking legal advice. Please refer to the full terms and conditions on our website.

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