Swedish Image Systems acquires Finnish Limab
Friday 6 Jul 2018The parent company of the Swedish mechanical engineering company RemaSawco, Image Systems, acquired all shares in the Finnish scanner manufacturer Limab Oy on 8 June and renamed the company RemaSawco Oy. All 22 employees at the Mikkeli and Helsinki locations were taken on.
Limab's product portfolio includes measuring and scanning systems for round and sawn timber, lumber sorting and wood drying. In 2017, the company generated sales of around SEK 56 million and net income of SEK 15 million.
As part of the upcoming WoodTECH 2018 series being run in September in both New Zealand and Australia, RemaSawco in conjunction with LMI Technologies will be outlining innovations around wood scanning, optimisation, digitalisation and IoT technologies for dry-mill or wood manufacturing operations. Full details on the series can be found on the event website, WoodTECH.events.
Copyright 2004-2018 © Innovatek Ltd. All rights reserved.