IECO joins the ScandiNova group of companies and broadens its offering to customers
International Electric Company Oy (IECO) joins the ScandiNova group of companies, a leading provider of high-voltage pulsed power systems and magnets. With this transaction both companies are able to broaden their offering, add key technologies and increase knowledge and talent for the benefit of their customers.
"I am very happy about this important milestone for our company and the opportunities it presents for both IECO and ScandiNova. We share a common vision of providing high-end solutions, and I am sure that this transaction will accelerate our possibilities to bring more interesting offerings to our customers." said Kimmo Alho, CEO and partner in IECO.
In addition to expanding product lines, the transaction also enhances significantly the resources in technical design and product development. Both companies have been at the forefront of technology and innovation for many years, focusing on providing products with leading performance and reliability.
“I am excited to join forces with ScandiNova and see great potential in combining our technologies to enhance our customer offerings. I look forward to working closely with the talented team at ScandiNova to drive innovation and create even more advanced solutions for our customers." Said Rauno Aaltonen, CTO and partner.
"IECO is a perfect match with ScandiNova in terms of offering high-end solutions to the same customer segments. We expect to better meet the increasing demand from customers for integrated systems and comprehensive solutions, while also broadening our customer base in new applications such as medical imaging systems" said ScandiNova CEO Niklas Edling.
IECO is expected to continue to operate independently with the Scandinova group. Both Alho and Aaltonen will also remain as company’s important shareholders.
The combined group now has almost 200 employees and is very positive about future development.
For more information, please contact:
Kimmo Alho, President & CEO, International Electric Company Oy, +358 9 759 4470
IECO provides subsystems and precision instruments for the global health care, scientific and industrial markets. Its products can be found in medical imaging and cancer treatment systems, scientific instruments and various industrial uses such as power generation and semicon. The company is based in Helsinki, Finland, and was established in 1974.
Thanks to its breakthrough technology, ScandiNova is a world leader in the development and production of high-voltage pulsed power systems and magnets for use in MedTech, Industrial and Science applications. The company’s product range covers pulse modulators, generators, turnkey radio frequency (RF) systems, E-gun modulators, magnets and coils.
More than 95% of production is exported to clients in over 50 countries, mainly in Europe, Asia, and North America. ScandiNova Systems AB was founded in 2001 by individuals with long commercial and technical experience in pulsed-power applications. The company, which has its head office in Uppsala, Sweden, has approximately 160 employees plus sales representatives in key regions around the world.