Finmac demolition robot business acquired by Avant Tecno
By Lindsay Gale07 November 2011
The rights to the demolition robots that were manufactured by Finnish manufacturer Finmac Demolition Oy have been acquired by Avant Tecno Oy, the Finnish compact loader manufacturer. The terms of the acquisition were not disclosed. Avant Tecno has not acquired Finmac itself. Finmac Demolition founder Paavo Salonen will be working with Avant Tecno to support the operation.
Avant Tecno has an annual turnover of Euro 72 million and exports its loaders to 40 countries around the world. Business unit director Jukka Karjalainen sees the demolition sector as being a very interesting sector in the future and said of the move: "We are very excited about the new product, as always. We did see this as an excellent way to expand our product offering. Over the past years construction sector has been a rapidly growing customer segment and is very important for us. Also, Avant has existing customers who are operating in the demolition business. We have received positive feedback about the business acquisition and there have been a lot of inquiries. There are several new opportunities when implementing this product to our range."
He went to say that new products are likely to appear in the near future.