MANAGEMENT

Flowrox soaks up Polar-Automaatio

Companies invested in IIoT systems

This article is 5 years old. Images might not display.

No financial terms or timeline for the closing of the deal were disclosed.

The transaction, according to Flowrox, will strengthen its automation expertise and support its growth, as the newly purchased company - also Finnish - specialises in automation system design, delivery and maintenance.

Flowrox CEO and president Jukka Koskela pointed out Polar-Automaatio had been a turnkey supplier of modernisation projects for automated production lines, and these projects could provide opportunities for Flowrox's other lines to be included in the package.

"Flowrox has invested heavily in the development of IIoT-based smart automation systems in recent years," Koskela said. "There are many older automation systems out there that require renewal in the near future.

"Experts such as Polar-Automaatio that are independent of system suppliers have a special status in such projects. This acquisition will enable Flowrox to provide their customers with more comprehensive solutions."

Polar-Automaatio CEO Markus Saloniemi added that the deal would strengthen the company's role as a process and automation technology specialist. It will also grow its servicing capabilities.

"Flowrox is the perfect partner … on account of its focus on growth, existing global sales and service network, and advanced IIoT solutions," he said.

Polar-Automaatio is based in Keminmaa, northwest Finland. Flowrox, which is family-owned, is based in Lappeenranta, southeast Finland. Post-acquisition, the company will have 215 employees.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Magazine Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Magazine Intelligence team.

editions

Mining Magazine Intelligence: Automation and Digitalisation Report 2024

Exclusive research for Mining Magazine Intelligence Automation and Digitalisation Report 2024 shows mining companies are embracing cutting-edge tech

editions

ESG Mining Company Index: Benchmarking the Future of Sustainable Mining

The ESG Mining Company Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Magazine Intelligence Exploration Report 2024 (feat. Opaxe data)

A comprehensive review of exploration trends and technologies, highlighting the best intercepts and discoveries and the latest initial resource estimates.

editions

Mining Magazine Intelligence Future Fleets Report 2024

The report paints a picture of the equipment landscape and includes detailed profiles of mines that are employing these fleets