Seinäjoki, Finland / Skellefteå, Sweden – 20 January 2025 – Vaski Group, a leading manufacturer of flat bar processing and sheet metal handling, punching and bending machinery, is proud to announce the acquisition of Ursviken Technology, a renowned Swedish manufacturer specialising in advanced press brake and shear solutions. The acquisition follows Vaski Group’s 2024 purchase of Pivatic Oy, a manufacturer of automatic sheet metal fabrication systems.
Creating a Nordic Industrial Powerhouse
The acquisition brings together two industry leaders with a shared vision for innovation and excellence. After the fusion, the companies will share a combined revenue of nearly €50 million and a workforce of over 200 talented professionals. Vaski Group is renowned for its heavy investment in research and development, consistently pushing the boundaries of technology to create innovative solutions. The group’s presence in Seinäjoki and Hyvinkää, Finland, and Ursviken Technology AB’s operations in Skellefteå, Sweden, will form a robust network leveraging the strengths of the Nordic industrial base.
A Year of Celebration
This year marks a significant milestone for Vaski Group, as the businesses celebrate a combined 200 years of excellence. Ursviken Technology proudly commemorates 140 years of innovation, Pivatic marks 50 years of delivering advanced sheet metal punching and bending solutions, and Vaski celebrates a decade of pushing the boundaries of industrial technology.
A Shared Vision for the Future
“We are delighted to welcome Ursviken into the Vaski Group family,” said Michael Mansour, CEO of Vaski Group. “This acquisition represents a significant step forward in our mission to drive industrial innovation and support sustainable growth across the Nordic region and beyond. Together, we will unlock new opportunities and deliver even greater value to our customers.” Nicklas Jakobsson, CEO of Ursviken Technology AB, added, “Becoming part of Vaski Group marks an important milestone for Ursviken. Our shared values and complementary strengths will enable us to reach new goals and continue to deliver exceptional solutions to our customers worldwide.”
In the picture from left to right: Malin Arnrud, COO of Ursviken Technology AB, Michael Mansour, CEO of Vaski Group Oy and Nicklas Jakobsson, CEO of Ursviken Technology.