Finnsiirto Oy
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Finnsiirto Oy - overview
Established
1989
Location
-, -, Finland
Primary Industry
Industrial Machinery
About
Finnsiirto Oy is a Finnish company specializing in material handling equipment and internal logistics solutions, providing both new and used machinery to meet diverse operational needs. Founded in 1989 in Finland, Finnsiirto Oy focuses on the supply of material handling solutions. In October 2017, Folmer Management Oy acquired a 60 percent majority stake in the company. The founder's specific history is not detailed, and there are no known subsidiaries or significant pivots in business strategy.
Finnsiirto Oy specializes in the supply of material handling equipment and internal logistics solutions, establishing itself as a trusted provider in the industry. Its core offerings include new and used equipment such as hand pallet trucks and large counterbalance forklifts, alongside tailored services like custom attachments, maintenance, financing options, and access to spare parts. The company caters to a diverse clientele across various sectors in Finland, while also being prepared to respond to international inquiries. In 2023, Finnsiirto Oy reported a revenue of EUR 45.
93 mn and an EBITDA of EUR 1. 14 mn. The company's revenue structure includes direct sales, leasing agreements, and maintenance services, primarily engaging in B2B relationships to support clients throughout the lifecycle of their equipment. The company has plans for future growth centered around the development of new products and expanding its market reach.
Specific upcoming product launches and their release dates are not detailed. The acquisition by Folmer Management Oy in 2017 is expected to support these initiatives, with a focus on enhancing operational capacity and exploring new geographic regions as opportunities arise.
Current Investors
Folmer
Primary Industry
Industrial Machinery
Sub Industries
Equipment Rental & Leasing, Industrial Machinery, Trucking
Website
www.finnsiirto.fi
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
Finnsiirto Oy - timeline of key events
Finnsiirto Oy - financials
| Fiscal Year Ended | Dec 31, 2009 | Dec 31, 2010 | Dec 31, 2011 | Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Feb 28, 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 1,458,402.9 | 1,800,442.5 | 2,495,486 | 3,831,333.1 | 4,090,666.7 | 4,047,374.9 | 4,673,156.3 | 7,146,483.2 | 9,256,623.6 | 11,952,298.8 | 11,246,969.3 | 45,125,697.9 | 52,271,232.4 | 47,317,122.1 | - | - | - |
| % Revenue Growth (YoY) | - | 23.5% | 38.6% | 53.5% | 6.8% | (1.1%) | 15.5% | 52.9% | 29.5% | 29.1% | (5.9%) | 301.2% | 15.8% | (9.5%) | - | - | - |
| EBITDA (USD) | 89,391.6 | 145,618 | 115,117.2 | 265,609.6 | (25,104.9) | 356,092.3 | 334,421 | 664,093 | 1,420,724.1 | 1,593,107.9 | 944,106.6 | (192,704.1) | 3,153,323.2 | 2,292,406.5 | - | - | - |
| Operating Income (USD) | 13,740.5 | 90,377.6 | 93,881.1 | 259,006.2 | (75,595.3) | 304,731.9 | 295,331.8 | 626,069.2 | 1,324,088 | 1,442,885.6 | 773,163.8 | (453,241.1) | 2,910,767.6 | 1,923,307.5 | - | - | - |
| Operating Margin | 0.9% | 5.0% | 3.8% | 6.8% | (1.8%) | 7.5% | 6.3% | 8.8% | 14.3% | 12.1% | 6.9% | (1.0%) | 5.6% | 4.1% | - | - | - |
| % EBITDA Margin | 6.1% | 8.1% | 4.6% | 6.9% | (0.6%) | 8.8% | 7.2% | 9.3% | 15.3% | 13.3% | 8.4% | (0.4%) | 6.0% | 4.8% | - | - | - |
| NET Income (USD) | (5,785.5) | (4,943) | 51,123.7 | 184,544.3 | (98,306.4) | 234,456.8 | 204,209.6 | 459,907.7 | 917,727.8 | 968,132.4 | 434,296.1 | (1,170,400.1) | 1,600,823 | 1,031,132.8 | - | - | - |
| % Net Margin | (0.4%) | (0.3%) | 2.0% | 4.8% | (2.4%) | 5.8% | 4.4% | 6.4% | 9.9% | 8.1% | 3.9% | (2.6%) | 3.1% | 2.2% | - | - | - |
Finnsiirto Oy - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Buyout | Completed | Finnsiirto Oy | - |
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Finnsiirto Oy - employee data
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