Estonia, Good for Business, Industry, Markets and Companies, Mergers and take-overs
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Saturday, 27.04.2024, 03:54
Estonian manufacturers of industrial equipment E-Profiil and Techobalt to merge
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The two companies have operations and plants in Estonia, Latvia, Lithuania and Norway. The merger is expected to result in substantial synergies in better use of resources, product development and marketing, and increasing the efficiency of internal processes.
The CEO of E-Profiil AS, Toomas Jogi, said E-Profiil sees great potential in the product development and project management competencies of Technobalt companies.
The CEO of Technobalt, Tarmo Mannasalu, meanwhile described E-Profiil's skills in the manufacture of complex and large pieces of equipment and technological capabilities as a good complement to their existing capacity to start working with projects and customers that are significantly more demanding and larger than the ones that they are working with now.
Established in 1997, AS E-Profiil is an Estonian owned company that specializes in the manufacture of large, heavy and complex pieces of metal equipment for the oil and gas industry.
The core business of Technobalt Eesti OU is the design, manufacture, sales and servicing of conveyor systems and related products.
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