Tormets Oy has strengthened its position as a leading supplier of material handling equipment by acquiring the entire share capital of Lapin konesuunnittelu Oy on December 16, 2024. The acquisition supports Tormets’ strategy to develop innovative and efficient solutions for industrial needs, particularly in the mining and steel industries.
Experience and Expertise for Product Development
Founded in 2014, Lapin konesuunnittelu Oy specializes in mechanical design and development of material handling equipment. The company’s CEO and founder, Farshid Shahmohammady, who has over 20 years of experience in the field, will join Tormets Oy as Design Manager on January 1, 2025. His expertise will significantly strengthen Tormets’ product development and design team.
“Farshid has been a long-term partner of ours, and his expertise has been central to many of our projects. This acquisition enables new development opportunities and supports our strategy even more strongly,” says Antti Valta, CEO of Tormets Oy.
Our Service Portfolio Expands and Becomes More Efficient
The acquisition complements Tormets’ service portfolio in machine shop work, industrial maintenance services, and comprehensive projects. Lapin konesuunnittelu Oy’s expertise will be integrated into Tormets’ operations from the beginning of 2025, offering customers broader and more efficient services.
Key Points of the Transaction:
- Farshid Shahmohammady will start at Tormets as Design Manager on January 1, 2025.
- Lapin konesuunnittelu Oy will be integrated into Tormets’ organization.
- Customers will benefit from a broader service portfolio and deeper expertise in material handling equipment deliveries.
With this strategic acquisition, Tormets takes a significant step toward its vision of serving as industry’s leading partner in a clean and responsible future.
For More Information
CEO Antti Valta, tel. +358 45 650 0114
Founded in Tornio in 1969, Tormets Oy operates as a strategic partner for industry and mining operations in Finland and the Nordic countries as an enabler of clean transition. Tormets produces cost-effective long-lifecycle machine shop products and environmentally sustainable comprehensive deliveries, such as material handling systems and industrial maintenance services.
