Protacon Group complements it's process technology offering by acquiring majority holding of Ligum Paper Ltd
November 2nd 2007
Rapidly growing Protacon Engineering Oy has acquired a majority stake in the Finnish company Liqum Paper Oy, which specializes measurement and process monitoring for the paper industry. The shares were acquired from venture capitalists 3i Finland Oy’s SFK 99-Rahasto Ky, Midinvest Oy, and in part from private shareholders.
" Liqum Paper’s technology supplements our existing technologies and knowledge. In addition, the technology offers us possibilities to grow as a provider of solutions for our customers in the pulp and paper industry,” explains Timo Akselin, the CEO of Protacon Engineering.
| PRESS RELEASE November 2nd 2007 » |
