LICO Oy has acquired transport equipment and marine segment businesses from Joptek Oy Composites. LICO will continue composite manufacturing activities in Lieksa employing some thirty former Joptek Composites employees.
LICO has acquired transport equipment and marine segment business operations from Joptek Oy Composites. LICO develops, designs and manufactures high-quality composite products with turn-key business model for transport equipment and other industries. The company employs some 40 people in Koskenkorva, Western Finland.
“The expertise and experience of Joptek Composites personnel combined with excellent facilities will make us even a stronger player in our market segment and enable us to grow even faster”, states Jukka Koiranen, CEO of LICO Oy. “This investment will enable us to better respond to the prevailing good market situation and the growing demand for composite solutions.”
LICO is owned by long-time owner/director Tapio Ollanketo and Pikespo Invest Oy Ltd, who are both strongly committed to developing the company as ‘the number one’ supplier in its field. Private equity company Pikespo Invest acquired a significant share of LICO Oy last year.
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LICO Oy is a composite solution provider established in 1995. The company’s premises are located in Koskenkorva, Western Finland. The company employs some 40 people. The business concept of the company is to develop, design and manufacture composite solutions by using turn-key solution concept.
Pikespo Invest Oy Ltd is a regional private equity company operating as strategic developer partner in Pirkanmaa area, Finland as well as its surroundings. Pikespo Invest accelerates regional growth and brings with its business know-how and experience significant added value to small and medium size companies and investors.