Machinery Ltd will be divided into two independent companies: Machinery Ltd and Machinery MT Ltd – The goal is to enhance customer orientation and simplify internal processes
Machinery Ltd, one of Finland’s leading suppliers of industrial machines and equipment, is restructuring its business and separating its Machine tools operations into a new company, Machinery MT Ltd. The reorganization will take effect on October 1, 2024, after which Machinery MT Ltd will begin operations as an independent company, separate from Machinery Ltd.
The ownership structure will remain unchanged after the reorganization, and Machinery MT Oy will operate as part of the Boreo Group, alongside Machinery Ltd and other sister companies within the Boreo Group. After the reorganization, Machinery Ltd will focus on two main business areas: Construction equipment and Power generation. The new company, Machinery MT Ltd, will specialize in the sales and maintenance of machine tools, as well as their consumables and spare parts. As part of the transition, Silja Frigård, former Director of the Machine tool deparment, will take on the role of CEO of Machinery MT Ltd, while Juha-Pekka Honkanen, former Director of the Power Generation department, will take on the role of CEO of Machinery Ltd.
Why so?
“This reorganization is an important step for the growth and development of both of our business areas,” commented Juha-Pekka Honkanen, CEO of Machinery Ltd. “The division allows both companies to focus on their core competencies, improving customer service and strengthening their market positions. Additionally, we will be better positioned to leverage the synergies between the construction and power generation sectors.”
The establishment of Machinery MT Oy brings significant advantages to customers in the machine tool sector. The company’s name is derived from the words “Machinery Machine Tools” and its Finnish equivalent “metallintyöstö” (metalworking). Machinery MT Ltd will become a smaller and more agile organization, with a business model that enables faster decision-making, closer customer relationships, and more customer-centric solutions.
“Machinery MT Oy’s goal is to become the leading supplier of machine tools in Finland, providing in-depth expertise and top-tier service to its customers. The entire Machine tools deparment’s staff will transfer to the new company, along with the familiar operating methods and machinery representations,” says Silja Frigård, CEO of Machinery MT Ltd. “Our new structure makes us more agile and better equipped to meet our customers’ evolving needs.”
Both companies will continue to foster strong customer relationships and offer high-quality products and services. The purpose of this reorganization is to create a clearer and more focused business environment that benefits customers, machine manufacturers, and the company’s staff alike.
Questions? For any inquiries related to the transition, please feel free to contact the following individuals:
Juha Pekka Honkanen, CEO, Machinery Oy:
juha-pekka.honkanen@machinery.fi
Silja Frigård, CEO, Machinery MT Oy:
Milja Frigård, marketing and communications director, Machinery Oy:
