Head Invest Ltd to Acquire JOT Automation Ltd
Poster: SySAdmin
Posted on May 5, 2011 at 12:42:01 PM
Head Invest Ltd to Acquire JOT Automation Ltd
OULU, Finland, May 5, 2011/PRNewswire/ -- Head Invest Ltd has acquired all shares in Finnish JOT
Automation Ltd from German Rohwedder AG. Head Invest Ltd aims to establish
Head Tech Ltd by merging JOT Automation Ltd with Master Automation Group Ltd,
which is already owned by Head Invest Ltd.
JOT Automation Ltd is a production automation company
established in 1988 by Veikko Lesonen, Chairman of Head Invest Ltd.'s Board
of Directors. "Ten years ago, I left the company which represents global
technological expertise at its best. It feels wonderful to bring it back home
and under Finnish ownership," says Lesonen, who will also act as Chairman of
Head Tech Ltd.'s Board of Directors.
JOT Automation is one of the world's leading suppliers of
testing systems for the mobile phone and automotive industries. Master
Automation Group Ltd is the world's leading technological supplier of
assembly and finishing solutions that utilise computer vision for the mobile
phone, marine and aerospace industries. Head Tech Ltd's customers include a
number of market leaders within various business fields. As a new customer
segment, the company is directing its services towards manufacturers of life
science equipment.
Mikko Sipila (MBA, born 1954), CEO of JOT Automation Ltd, has
been appointed as CEO of Head Tech Ltd: "By merging two companies, we can
serve our customers with a greater number of experts, and through a more
extensive product and technological portfolio. This also expands our
international presence. Several customer fields produce a balanced entity
where customers can utilise the best practices through our services."
Head Invest Ltd.'s objective is to develop Head Tech Ltd into
an innovative automation and solution supplier for industries that are at
different stages of growth, and an automation company which serves its
customers globally. "Over the past decade, the automation industry has
largely been affected by the transfer of production from developed countries
to cheap labour areas. The next big wave concerns the automation of
production in these countries. This process will be driven forward by
environmental, quality and material efficiency requirements, increasing
salary costs and technological development. An increase in the automation
rate is also a response to obtaining more profitable production in developed
countries where salary costs are higher. This comprises an industry of the
future which never runs out. Our aim is to become a leading supplier in all
of our selected customer segments," says Lauri Antila, executive vice
president responsible for Head Invest Ltd.'s Industrial Operations.
Head Tech Ltd.'s 2011 turnover has been estimated to be
approximately EUR 65 million. The company employs 360 people in 8 countries,
with 100 employees in Finland, Estonia and China. The company's other units
are located in Italy, Hungary, India, Korea and the USA. In addition, the
company is establishing a unit in Vietnam.
Head Invest Ltd is a Finnish industrial company. In addition
to new automation company Head Tech Ltd, the Group includes Proventia Group
Ltd, a manufacturer of emission purification solutions, and Mediracer Ltd, a
developer of medical diagnostics. In addition, the company is engaged in
service production through its affiliates and subsidiaries Head Asset
Management Ltd and Head Balance Ltd. The company is owned by Veikko Lesonen
and his family.
http://www.headtech.com
http://www.headinvest.fi
http://www.jotautomation.com
http://www.masterautomationgroup.com
Source: JOT Automation, Head Invest Oy
Further information: Lauri Antila, Executive Vice President, Head Invest Ltd, tel.
+41763265340; Mikko Sipila, President & CEO, JOT Automation Ltd, tel. +358403015170; Hemmi Piirainen, President & CEO, Master Automation Group Ltd, tel.
+358505290979
OULU, Finland, May 5, 2011/PRNewswire/ -- Head Invest Ltd has acquired all shares in Finnish JOT
Automation Ltd from German Rohwedder AG. Head Invest Ltd aims to establish
Head Tech Ltd by merging JOT Automation Ltd with Master Automation Group Ltd,
which is already owned by Head Invest Ltd.
JOT Automation Ltd is a production automation company
established in 1988 by Veikko Lesonen, Chairman of Head Invest Ltd.'s Board
of Directors. "Ten years ago, I left the company which represents global
technological expertise at its best. It feels wonderful to bring it back home
and under Finnish ownership," says Lesonen, who will also act as Chairman of
Head Tech Ltd.'s Board of Directors.
JOT Automation is one of the world's leading suppliers of
testing systems for the mobile phone and automotive industries. Master
Automation Group Ltd is the world's leading technological supplier of
assembly and finishing solutions that utilise computer vision for the mobile
phone, marine and aerospace industries. Head Tech Ltd's customers include a
number of market leaders within various business fields. As a new customer
segment, the company is directing its services towards manufacturers of life
science equipment.
Mikko Sipila (MBA, born 1954), CEO of JOT Automation Ltd, has
been appointed as CEO of Head Tech Ltd: "By merging two companies, we can
serve our customers with a greater number of experts, and through a more
extensive product and technological portfolio. This also expands our
international presence. Several customer fields produce a balanced entity
where customers can utilise the best practices through our services."
Head Invest Ltd.'s objective is to develop Head Tech Ltd into
an innovative automation and solution supplier for industries that are at
different stages of growth, and an automation company which serves its
customers globally. "Over the past decade, the automation industry has
largely been affected by the transfer of production from developed countries
to cheap labour areas. The next big wave concerns the automation of
production in these countries. This process will be driven forward by
environmental, quality and material efficiency requirements, increasing
salary costs and technological development. An increase in the automation
rate is also a response to obtaining more profitable production in developed
countries where salary costs are higher. This comprises an industry of the
future which never runs out. Our aim is to become a leading supplier in all
of our selected customer segments," says Lauri Antila, executive vice
president responsible for Head Invest Ltd.'s Industrial Operations.
Head Tech Ltd.'s 2011 turnover has been estimated to be
approximately EUR 65 million. The company employs 360 people in 8 countries,
with 100 employees in Finland, Estonia and China. The company's other units
are located in Italy, Hungary, India, Korea and the USA. In addition, the
company is establishing a unit in Vietnam.
Head Invest Ltd is a Finnish industrial company. In addition
to new automation company Head Tech Ltd, the Group includes Proventia Group
Ltd, a manufacturer of emission purification solutions, and Mediracer Ltd, a
developer of medical diagnostics. In addition, the company is engaged in
service production through its affiliates and subsidiaries Head Asset
Management Ltd and Head Balance Ltd. The company is owned by Veikko Lesonen
and his family.
http://www.headtech.com
http://www.headinvest.fi
http://www.jotautomation.com
http://www.masterautomationgroup.com
Source: JOT Automation, Head Invest Oy
Further information: Lauri Antila, Executive Vice President, Head Invest Ltd, tel.
+41763265340; Mikko Sipila, President & CEO, JOT Automation Ltd, tel. +358403015170; Hemmi Piirainen, President & CEO, Master Automation Group Ltd, tel.
+358505290979