► Fortaco focuses its strategy on vehicle cabin business and sells steel fabrication and assembly operations to HANZA Group

Fortaco Finland Oy has today signed an agreement to sell steel fabrication and assembly operations in Finland, Estonia and Poland to HANZA Group, a Sweden-based global contract manufacturer.

The divestment sharpens Fortaco’s strategic focus and enables it to fully concentrate on and reinforce its vehicle cabin operations as an international cabin company with attractive growth opportunities both in Europe and beyond. With a strong focus on customers, Fortaco is the leading European strategic partner to off-highway equipment OEMs (Original Equipment Manufacturers) worldwide with innovative technology solutions and cabin design and manufacturing.

The purchase price consists of an initial cash payment at closing, based on an enterprise value of EUR 144 million. In addition, an earn-out may be payable based on future revenue growth. The total purchase price cannot exceed EUR 200 million. Closing of the transaction is subject to customary closing conditions, regulatory approvals and reaching an agreement on terms with certain of Fortaco’s financial stakeholders. The transaction is expected to take place in Q4-2026.

Markus Sjöholm, Chairman of Fortaco’s Supervisory Board:

“Today marks the beginning of a new, exciting chapter for Fortaco. This transaction creates the prerequisites to build a more focused international vehicle cabin company. The market is evolving rapidly, and we see attractive growth opportunities for strengthening our position as a premium cabin designer and manufacturer in Europe and beyond, both organically and through M&A.

For our steel fabrication and assembly customers, the transaction will offer a broader product portfolio with HANZA’s additional offering, as well as new collaboration opportunities. HANZA has recognized the strength of our business, our expertise and our market position, and I am confident that they will support the business’s continued success for the benefit of our customers, partners and employees.

Erik Stenfors, CEO, HANZA

“We do not acquire businesses to become bigger, but to become better. Heavy mechanics and complex assembly are areas where we see clear long-term demand, driven by industries requiring regional capacity, high delivery reliability and assembly of larger, more complex systems. This transaction strengthens our capability in Europe and enhances our ability to create simple, local and resilient supply chains.”

Strategic rationale and details of the transaction

The transaction includes five Fortaco’s factories: assembly operations in Kurikka (Kurikka3 factory) and Sastamala as well as steel fabrication business sites in Narva, Wroclaw and Janow Lubelski. As the previously announced ramp-up of the steel fabrication Business Site Gliwice in Poland is still ongoing, the factory is not included in the transaction and will be developed as a standalone business site.

For Fortaco, the sale of steel fabrication and assembly operations creates the prerequisites to build a more focused international cabin company. Additionally, it strengthens the company’s balance sheet. The strengthened financial position offers Fortaco an attractive opportunity to grow and further strengthen its leading position within vehicle cabins both in Europe and beyond. This growth can be achieved both organically and through selected M&A.