It was reported that the agreement covers the production of dump bodies and buckets for the mining and heavy industry sectors, as well as after-sales and service operations.

Miilux Oy Finland, which has reached its capacity limits in the production of armor steel and wear-resistant steel, aims to activate Häggblom’s idle capacity through this acquisition in order to increase production volumes and profitability. It was stated that the transaction, completed under advantageous cost conditions, positions Miilux Oy strongly within the European market in its field of activity.

With this move, Miilux Oy aims to expand its product and service portfolio, offer more comprehensive solutions to customers in the mining and heavy industry sectors, strengthen its market position, and ensure that the investment contributes to the long-term returns of OYAK members.