Stokker Oy acquires Mateko Invest Oy

Stokker Oy acquires Mateko Invest Oy

On January 2, 2024, Stokker Oy has acquired the entire share capital of Mateko Invest Oy. With this transaction, Stokker also gains ownership of all subsidiary companies fully owned by Mateko Invest Oy: Mateko Oy, CE Rental Oy, and Mateko Hallinto Oy.

Stokker Oy is making a strong entry into the construction business by acquiring one of the most significant companies in the field in Finland. Mateko is renowned for its high-quality products and extensive after-sales support throughout Finland.

 

Tomi Niemi, the Chairman of the Board at Stokker Oy, commented on the deal: "For Stokker in Finland, this acquisition is vital and provides an opportunity to rapidly elevate our business to a different level. There is tremendous potential, especially in integrating Kubota into Mateko's product range. The acquisition of Mateko also brings significant synergy benefits. I look forward to collaborating with Mateko's top professionals to plan and implement our shared future."

Ando Aron, the main owner of Stokker Group, and CEO Priit Prints share the same perspective: "We have actively been searching for a suitable company to acquire in Finland, and Mateko presented the perfect opportunity. We acquired a well-known, reputable company with whose supplier we have had fruitful cooperation for years in the Baltic region. We believe that together, we can significantly develop business in both Finland and the Baltics, for example, by introducing Mateko's extensive sales network to offer a wide range of Stokker products. We value Mateko's history, expertise, and commitment to customers throughout the product life cycle."

Juha Niemelä, the former main owner of Mateko, expressed satisfaction as the business deal reached its conclusion: "Mateko has been my life's work, and letting go was naturally not easy. However, the most important thing is that we found a new owner from the same industry; this is also Stokker's core business. It provides security and continuity for our staff and customers. Our entire former ownership team will continue working at Mateko, and we want to support Mateko's bright future as part of Stokker."

Additional information:

CEO and Chairman of the Board Tomi Niemi, Stokker Oy and Mateko Invest Oy, tomi.niemi@stokker.fi, +358 40 570 1815

Main owner and CEO (before the business deal) Juha Niemelä, Mateko Invest oy, juha.niemela@mateko.fi, +358 40 901 0709

CEO Kimmo Saartoala, Mateko Oy and CE Rental Oy, kimmo.saartoala@mateko.fi, +358 40 901 0705

 

Caption:

Main owner of Stokker Group Ando Aron and former owner of Mateko Invest Juha Niemelä

 

Mateko Group's roots extend nearly 30 years back, specializing in construction machinery throughout its history. In addition to sales, the company has strong expertise in after-sales support covering the entire country of Finland. Mateko Group employs 58 people, and its turnover exceeded 42 million euros in 2022. Mateko operates in Tampere, Espoo, Oulu, Seinäjoki, Mikkeli, and Turku.

 

Stokker Group has over 30 years of experience in the sales and maintenance of professional tools and machinery. The team includes experts in construction and agriculture, wood and metalworking, as well as garden and forestry machinery. Stokker employs over 600 professionals in Estonia, Latvia, Lithuania, and Finland, with 32 service centers and stores. The group's turnover is approximately 200 million euros before the business deal.