Millog Oy has signed an agreement to acquire the entire share capital of Hämeen Diesel Oy. Ownership was transferred to Millog on 3 January 2022, and the company continues to operate as an independent subsidiary under Millog’s ownership. Toni Koivula, CEO of Hämeen Diesel, stays on as the subsidiary’s CEO, and Ossi Ranta heads up sales and procurement.
Established in 1966, Hämeen Diesel repairs diesel and petrol engines and heavy machinery gearboxes, and also sells newly manufactured and refurbished replacement engines. The company employs 18 people, and its turnover for the previous financial year totalled EUR 2.4 million. In addition to Finland, the company operates in the Nordic countries and the Baltic region, and its customer base covers everything from heavy goods transport to ports, sawmills and the paper and mining industries.
“Both our strategic growth and the development of our service offering are progressing as planned. Hämeen Diesel is the fourth company that Millog has acquired in the past two years. We’ve successfully integrated these companies into our corporate family, which has enabled us to ensure domestic security of supply and to provide even better service to our customers through our extended offering. The acquisition of Hämeen Diesel gives Millog and its co-owner Patria (Linnavuori) the ability to provide Finland’s most extensive diesel engine maintenance and upkeep services to our customers. We are delighted to have Hämeen Diesel’s professional resources and capabilities in our corporate family”, says Millog’s CEO Sami Pitkänen.
“We have actively maintained and developed the professional skills of our personnel, and have ensured that our operations meet the requirements of our quality system. By joining Millog, we’ll have an even broader base on which to develop our operations and increase our expertise. It’s a great opportunity for us to take our company’s business to a whole new level with Millog”, says Koivula.
“Millog helps its new subsidiaries to develop their businesses and expertise in many ways, which generates added value for both the subsidiaries themselves and the corporate family as a whole. As we grow, we can provide our strategic partners with smart and sustainable life-cycle management and maintenance services with more comprehensive content and over an ever-expanding geographical area”, says Manu Skyttä, Vice President, New Business Areas.
Sami Pitkänen, President & CEO, firstname.lastname@example.org
Toni Koivula, CEO, Hämeen Diesel Oy, email@example.com
Millog Oy is a leading expert in maintenance, materiel services and life-cycle management whose activities are based on long-term partnerships. Our core competence is the comprehensive maintenance and servicing of technical equipment and systems in both normal circumstances and emergency situations. We also serve civil industries for whom national security, security of supply and partnership are critical success factors. Millog Oy is part of Patria Group. The main owners of the company are Patria Plc and Insta Group Oy.
Hämeen Diesel Oy has been providing reliable services for more than 55 years. The company repairs and maintains diesel and petrol engines and heavy machinery gearboxes, and also sells newly manufactured and refurbished replacement engines. In addition to Finland, Hämeen Diesel Oy operates in the Nordic countries and the Baltic region, and its customer base covers everything from heavy goods transport to ports, sawmills and the paper and mining industries.