Komas and Rautaruukki create Europe’s leading engineering industry manufacturing partner, Fortaco

Avance acts as lead counsel to Komas and funds managed by CapMan (listed on NASDAQ OMX Helsinki Ltd) in the combination of Komas and Rautaruukki Corporation’s (listed on NASDAQ OMX Helsinki Ltd) engineering division to create Fortaco. Fortaco is expected to generate a turnover of approx. EUR 270 million, have approx. 2,600 employees and be Europe’s largest contract manufacturer for the mechanical engineering industry.

The Avance team consisted of Carl-Henrik Wallin, Ilkka Perheentupa, Christoffer Charpentier, Mathias Lindqvist, Mikko Alkio, Anders Floman and Topi Siniketo.