Springer acquires a majority stake in company FinScan

Springer Group, a leading international in woodworking technology supplier based in Friesach (Austria), has acquired a majority stake in Finnish company FinScan. A company with its head office in Espoo (Helsinki area) is a specialist in scanners and software for automated optimization of lumber in sawmills. FinScan has installed more than 400 scanners in over 20 countries around the world.

Timo Springer, Ceo of Springer Group is pleased about the growth: with the majority stake in FinScan we extend our market product portfolio as an integrated technology provider for the wood-processing industry. From now, we have an extensive range of optimization systems in the wood-processing industry at our disposal and that way, we can expand our technological and innovative leadership. “We see good opportunities to grow and strengthen our position in the future together. We are looking forward to working together”, “FinScan is very successful, has long time customers and has a clear portfolio of sophisticated scanner solutions at its disposal. Through the merger with Springer we expect a further technological progress”, confirms Jyri Smagin, Ceo of FinScan Oy, who will continue running the company at the same managing position.