Kyro to acquire Uniglass engineering

Kyro agreed to purchase all shares of the Tampere-based flat tempering machine manufacturer Uniglass Engineering. Sellers in the deal are venture capital funds governed by 3i Finland and OKO Venture Capital, certain industrial investors, and a group of private shareholders.

The deal is estimated to be confirmed in April once due diligence has been successfully carried out. Based on the agreement between the parties, the acquisition price will not be disclosed.

The business operations of Uniglass Engineering comprise the design, sales and maintenance of glass tempering furnaces. The company's net sales in 2001 were about EUR 10 million, and the company has about 40 employees.

The acquisition supports the strategy of Kyro Corporation, which aims primarily at developing and expanding the business of glass processing machinery through organic growth, as well as acquisitions.

The net sales of Kyro Corporation in 2001 were EUR 147 million. The group's most significant subsidiary is the global technology and market leader in safety glass machinery, Tamglass had net sales in 2001 of about EUR 120 million, and the company has about 460 employees.

600450 Kyro to acquire Uniglass engineering glassonweb.com
Date: 26 March 2002
Source: Glass Digest

See more news about:

Others also read

Guide for Architects, Consultants and Constructors.
Hard Rock Cafe is one of the most iconic and instantly recognisable brands in the world, encompassing leisure, entertainment and lifestyle.
The most obvious use for your Building Maintenance Unit (BMU) is window and facade cleaning, but it is also important to look at all the building maintenance tasks which will need to be completed and consider what other functionality might be required.
From buildings of low complexity to the most complex architectural projects, gantries can be a practical, cost-effective and flexible component of many building maintenance solutions.
Achieving the right building maintenance solution for your unique project can be a complex process, demanding expertise in design, manufacturing, installation, ongoing maintenance of machines and overall project management.
CoxGomyl provide facade access solutions for some of the most iconic buildings in the world and work with some of the most celebrated architects.

Add new comment