Two mechanical engineering icons join forces and begin a sizeable investment program

The parent company of Stairon Oy, located in Pansio, Turku, acquired another respected mechanical engineering company located in the same city through a business agreement signed on 28 June 2024. Mesekon Oy’s entire stock has transferred to Stairon Group whose net sales total around EUR 25 million and its personnel around 150, following the acquisition.

The major acquisition for Stairon Group will expand the group’s range of services and increase special expertise in the company, allowing more efficient and broader services for existing and new customers. The size of the two companies together is substantial and will enable growth in both the Finnish and export markets. The skills of the personnel and the equipment bases complement each other and enable the management of even larger groups of customers. In connection with the transaction, a significant investment program was agreed in order to strengthen joint operations.

Stairon Group’s CEO Timo Kylä-Nikkilä comments:

“To our satisfaction, the long-prepared transaction process was completed before the summer holiday season, and we will be in full swing together in August. It was clearly a very successful transaction, since both the buyers and the sellers are extremely happy with the end result. We warmly welcome Mesekon to the evolving Stairon Group. Both Stairon and Mesekon have exceptional expertise, which we will continue to develop as one team, with common operating models and goals. The end result is exceptional across our entire industry in terms of the number of customer industries served and production factors. It says a lot about the acquired company that Mesekon has 151 procedure test approvals for welding and 22 materials qualified for welding. With the transaction, we will gain modern heavy machine tools, and as a result, we will have practically all the production factors our customers need under one roof.”

Timo Nättiaho, Mesekon’s current Managing Director and former co-owner of the company, will transfer to the employ of Stairon Group as Sales Director, and he will remain as Mesekon’s Managing Director during the transition period until the end of September, after which Kylä-Nikkilä will take over the role.

“My partner Turkka Kankare and I have thought long and hard about the company’s ownership options, and this solution also allows for the company’s continued operations and development as we had hoped for. Contributing to the decision to sell is the fact that Stairon’s and Mesekon’s business goals, corporate values and operating methods are well aligned. The companies’ competence and client bases also complement one another, which is important in terms of the future. It was very important to us that the new owner be committed to continuing Mesekon’s business as a stand-alone company and to retaining all of our expert employees. And on a personal level, I can’t help but be happy that I can bring long-standing mechanical engineering and export know-how to the Group as Stairon Group’s new Sales Director,” concludes Timo Nättiaho.

In recent weeks, several mechanical engineering companies have issued positive profit warnings. The gradually recovering economy and downturn in interest rates in the eurozone appear to have activated customers.

“Stairon and Mesekon have performed well even in economic downshifts. I have no doubt that the expert personnel and modern machinery of these two merging companies will make Stairon Group an even more attractive partner for customers who rely on quality and sustainability,” concludes Kylä-Nikkilä.

Mesekon will continue its operations under a long-term lease agreement in the current premises in Itäharju, Turku, and in Stairon’s 15,000-m² modular factory in Pansio, Turku. The Group companies will continue to operate under their current names. The companies will adopt common ERP and materials management systems as well as common financial and HR administration, but the transaction will have no negative personnel effects in the companies.

For more information contact:
Timo Kylä-Nikkilä, CEO, Stairon Group Oy, timo.kyla-nikkila@stairon.fi
Timo Nättiaho, Managing Director, Mesekon Oy, timo.nattiaho@mesekon.fi