HANZA buys five Fortaco plants, adding SEK 1.9B in annual revenue
What's the deal? Swedish contract manufacturer HANZADealroom has a profile for this one. Try Dealroom → has signed an agreement to acquire five manufacturing facilities specialising in heavy mechanics and complex assembly from Finnish rival FortacoDealroom has a profile for this one. Try Dealroom →. The plants sit in Finland, Estonia, and Poland, adding roughly 1,300 employees and annual revenue of about €170 million — around SEK 1.9 billion.
The terms: The initial cash payment is based on an enterprise value of €144 million, or about 8x adjusted EBITA for the 12 months ending May 2026. An earn-out tied to future revenue growth could follow, but the total purchase price cannot exceed €200 million.
How it's structured? The transaction combines asset and share purchases, covering Fortaco's heavy mechanics and assembly operations in Finland plus two Estonian and two Polish subsidiaries. Fortaco will keep its vehicle cabin business, which will be separated before closing.
Why now? HANZA said it sees clear, long-term demand in heavy mechanics and complex assembly, driven by customers seeking regional capacity and delivery reliability. All three countries already host established HANZA manufacturing clusters, which the company said creates conditions for commercial and operational synergies.
What's the endgame? The deal is a step in the HANZA 2028 strategy, presented at the company's Capital Markets Day in March 2026, which focuses on demand-driven development of selected manufacturing technologies. "We do not make acquisitions to become bigger, but to become better," management said.
The financing: HANZA will pay in cash from existing resources and available credit facilities. It expects to stay within its leverage target, keeping net interest-bearing debt below 2.5x adjusted EBITDA.
What could go wrong? Closing is expected in the fourth quarter of 2026 and depends on customary regulatory approvals, including competition clearance in the relevant countries, plus agreement with certain Fortaco financial stakeholders.
The signal: The acquisition marks another round of consolidation in European contract manufacturing, as producers build regional scale to meet customer demand for local capacity and complex assembly close to home.
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