Finnish Moventas companies merging into one
Wind gear manufacturer Moventas Wind Oy and industrial gear manufacturer Moventas Santasalo Oy have decided to merge into one company in August. The administrative merger has no impact on the companies’ personnel or business operations.
Moventas is simplifying its administrative corporate structure by merging the Finland-operated companies Moventas Santasalo Oy and Moventas Wind Oy into one company. The new company continues the operations of both companies.
This administrative merger has no personnel or business impact. The merger is planned to take place on 31 August, 2012. Moventas will communicate the merger schedule and its practical effects to its interest groups closer to the time of implementation.
Moventas is also operatively centralizing its Finnish operations this year, by transferring production from its Karkkila factory to the two factories located in Jyväskylä.
Moventas companies have eight subsidiaries abroad. Merger of the Finnish companies has no direct impact on the subsidiaries’ operations.
President & CEO