Arginta Engineering, an engineering and metalworking company operating in Vilnius and Panevėžys, is expanding and has acquired a nearly 20,000 sqm plant in Outokumpu, Finland. The Outotec Turula Oy plant is located on the same site. Annual turnover in 2020 of the former Finnish Metso Outotec Group plant. exceeded €30 million. EUR.
According to Tomas Jaskelevičius, CEO of Arginta Engineering, this transaction will have a significant impact on the company’s development. “We have invested in and acquired a Finnish plant with over 40 years of experience in the metal equipment manufacturing and engineering industry. This investment will allow us to significantly increase Arginta Engineering’s production capacity and turnover, and to offer our customers a broader range of manufacturing services. We also plan to exchange competences between Outotec Turula Oy and Arginta Engineering. This exchange will allow our employees in Lithuania to learn new skills and experience from the Finnish company,” says T. Jaskelevičius.
The deal to acquire the Finnish plant will be finalised in 2021. 1 October Following the completion of the transaction, Arginta Engineering intends to continue its cooperation with Metso Outotec Group, with whom it has been working since 2003.
“Metso Outotec is a global leader in sustainable technologies, comprehensive solutions and services for the plant manufacturing, mineral processing and metal recycling industries. Headquartered in Helsinki, Finland, the Group employs more than 15,000 people and will generate sales in 2020. amounted to around EUR 3.9 billion. euros. The company is listed on the Nasdaq Helsinki Stock Exchange.
“Arginta Engineering is one of the leaders in Lithuania’s engineering industry, providing plant and machinery manufacturing services to globally renowned clients. The company currently employs more than 200 people, and in 2020 it will have more than 200 employees. turnover of the company was almost EUR 15 million. Sales of EUR 1.5 billion.