Hydroline secures new growth funding

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Having pursued strong growth and business development in recent years, Hydroline has now expanded and diversified its ownership base. In addition to current owners increasing their investments, the new Chairman of the Board, Jan Mattlin and Tesi (Finnish Industry Investment Ltd) have become owners of the company.

At the moment, the company has a large number of new customers and products in a ramp-up phase and more have been scheduled for later. The technical capacity of Hydroline enables a much higher production, providing a solid base for development and growth.

 

Read more:

Press release by Hydroline 5.11.2021

 

Additional information:

Miikka Salminen, Investment Manager, Growth and Industrial Investments, Tesi
+358 40 535 4758
miikka.salminen@tesi.fi

 

Hydroline is Finland’s leading and strongly internationalizing family company specialized in the design, manufacture and lifecycle services of customized, heavy-duty hydraulic cylinders. Founded in 1962, the company serves the World’s leading machine and equipment manufacturers, which include e.g. Epiroc, Hiab, John Deere, Normet, Ponsse and Sandvik. The company has production facilities in Siilinjärvi, Finland, and Stargard, Poland. www.hydroline.fi

Tesi (Finnish Industry Investment Ltd) is a state-owned investment company that wants to raise Finland to the front ranks of transformative economic growth by investing in funds and directly in companies. We invest profitably and responsibly, hand-in-hand with co-investors, to create the world’s new success stories. Our investments under management total 2.1 billion euros. www.tesi.fi | @TesiFII