SPRINGER-Group acquires a majority stake in Finnish technology company FinScan

SPRINGER Group, a leading international technology supplier, has acquired a majority stake in Finnish company FinScan.

A company with its head office in Espoo (Helsinki area) is a specialist in scanners and software for automated optimization of lumber in sawmills.

FinScan has installed more than 400 scanners in over 20 countries around the world.

Timo Springer, CEO of SPRINGER-Group is pleased about the growth: With the majority stake in FinScan we extend our market product portfolio as an integrated technology provider for the wood-processing industry. From now, we have an extensive range of optimization systems in the wood-processing industry at our disposal and that way, we can expand our technological and innovative leadership. “We see good opportunities to grow and strengthen our position in the future together. We are looking forward to working together”,

“FinScan is very successful, has long time customers and has a clear portfolio of sophisticated scanner solutions at its disposal. Through the merger with SPRINGER we expect a further technological progress”, confirms Jyri Smagin, CEO of FinScan Oy, who will continue running the company at the same managing position.

About SPRINGER SPRINGER is a global leader for innovative concepts in the wood-processing industry. The family business with its head office in Friesach (Austria) plans, develops and produces machinery and conveyor systems for the wood-processing industry. All processes related to the transport, sorting and grading of wood are optimized to the highest level and implemented in a technically sophisticated way.

The SPRINGER Group employs over 500 people worldwide and is now managed by third-generation family members, Timo Springer and Gero Springer www.springer.eu

Media Contact:
Bettina Lindschinger – Marketing and Communication
+ 43 676 88110300 bettina.lindschinger@springer.eu