ARAT GROUP ACQUIRES MILLTECH AB
4 June 2019
ARAT Group supplies high-tech equipment to the sawmill industry. The five participating companies are run independently and have a combined turnover of approximately SEK 400 million and have approximately 130 employees.
“We see great opportunities and development potential for Milltech and ARAT Group. Milltech's solid knowledge and experience further strengthens us in automation for sawmills and further processing, ”says Johan Andersson, CEO of ARAT Group.
"We look forward to continuing to automate the sawmill industry and now have the opportunity to further strengthen the cooperation with other companies in the Group," says Sören Schjölin CEO Milltech.
Milltech will continue to operate independently, but will be part of a common ownership structure.