Veslatec Oy has bought lifting equipment manufacturer Nordlift Oy in December. With the acquisition, Veslatec increases its position in the international market and expands the selection of its own products.

Vaasalainen Veslatec Oy has bought lift equipment manufacturer Nordlift Oy from Sodankylä on 11 December 2023. With the transaction, Nordlif will become a subsidiary of Veslatec.

Nordlift Oy is a pioneering company in lifting equipment, known around the world especially for its special hoists and the fact that its hoists can lift even entire trains. With the acquisition, Veslatec will increase its position in the international market and expand the range of its own products.

- Nordlift is even more competitive on the international market when its entire production can be handled in its own factories. Nordlift has expertise in the design, welding, assembly and testing of lifting equipment, while Veslatec manages laser processing and further processing, summarizes Veslatec's CEO Tom Bergstrom.

Veslatec vahvistaa yritysostolla kansainvälistä liiketoimintaansa. Nordliftin liikevaihto oli viime vuonna 2,3 miljoonaa euroa, ja sen liiketoiminnasta yli puolet tuli viennistä. Veslatecin vastaava osuus oli noin 17 prosenttia 7,5 miljoonan liikevaihdolla.

- Nordlift is our locomotive for the world. In Germany, our own sales office handles European and International trade. End customers can be found as far as Asia, says Bergström.

Served as CEO of Nordlift Matti Ranttila continues as Nordlift's assistant and advisor for another two years. Veslatec was selected among the buyer candidates because of its extensive know-how and production capacity.

- I strongly believe in Veslatec's ability to manufacture and export Nordlift's high-quality products to the global market. Product development has been done for decades, and the products have established their position in the world. I can happily hand over my life's work to my younger ones, says Ranttila.

- We are committed to developing our own product business ahead of customers' wishes. Our goal is to customize lifting devices more and more per project, concludes Bergström.

Nordlift Oy has been manufacturing lifting equipment since 1977. Nordlift's turnover in 2022 was around 2.3 million euros. Its main industries are lifting and transfer equipment. Nordlift's customers are government operators and heavy industry operators in Finland and internationally. The company's registered office is Sodankylä.