Prima Power celebrates 10 year union, plans expansion

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Prima Industrie S.p.A. is celebrating the ten-year acquisition of Finn-Power with plans to move Finn-Power OY into a new 20, 000 sq m in Findland.

February 4, 2008 was a turning point,” explains Prima Industrie managing director, Ezio Basso. “We made the most important acquisition in our history that allowed us to double our size, significantly changing the history of the Group. The integration gave birth to a Group that today has about 1,800 employees, a turnover of well over 400 million euros, and production plants in Italy, Finland, USA, and China, with more than 13,000 machines installed in 80 countries.”

Juha Makitalo, managing director of Finn-Power Oy, adds that "the integration between our two big Groups turned out to be absolutely correct from the point of view of technology and product range, and allowed us to better focus our strategy of innovation and growth also in the future.”

Today, 10 years later, we have started to look around again," comments the chairman, Gianfranco Carbonato "Since the time of the IPO on the Stock Exchange, over 18 years ago, Prima Industrie has grown on average 12 per cent per year both internally and externally. We are now considering possible prospects for further external growth, particularly in the Asian markets. For the future we also look at advanced applications, such as Additive Manufacturing, which is one of the essential technological pillars of Industry 4.0.”

Construction on the new plant in Seinajok, Finland began in 2017 and the move is expected to be completed by late 2018.

The construction of the building was completely financed by the Municipality of Seinajoki, which competed with other local authorities to secure the company's headquarters. The company has also recently received a credit rating of AAA from the Finnish consulting company Asiakastieto Oy.