EQT acquires Lillbacka, Finn-Power business

EQT Northern Europe Ltd, the investment manager of EQT Northern Europe private equity fund, has acquired 100% of the shares of Lillbacka Corp and the Finn-Power sheet metal working technology business.

Jorma Lillbacka, founder and chief executive officer of Lillbacka, will remain a member of its board while Arto Pohto, current Lillbacka senior vice-president, will be named managing director. Jorma Lillbacka also remains owner of his swaging technology and logistics businesses and companies.