Vaski Group Oy expands its operations with the acquisition of Ursviken Technology AB

As of today, 20 January 2025 in Skellefteå, Sweden, Vaski Group is proud to announce the acquisition of Ursviken Technology, a renowned Swedish manufacturer specialising in advanced press brake and shear solutions. The acquisition follows Vaski Group’s 2024 purchase of Pivatic Oy, a manufacturer of automatic sheet metal fabrication systems.

The acquisition brings together two industry leaders with a shared vision for innovation and excellence. After the fusion, the companies will share a combined revenue of nearly €50 million and a workforce of over 200 talented professionals.

Vaski Group is renowned for its heavy investment in research and development, consistently pushing the boundaries of technology to create innovative solutions. The group’s presence in Seinäjoki and Hyvinkää, Finland, and Ursviken Technology AB’s operations in Skellefteå, Sweden, will form a robust network leveraging the strengths of the Nordic industrial base.

This year marks a significant milestone for Vaski Group, as the businesses celebrate a combined 200 years of excellence. Ursviken Technology proudly commemorates 140 years of innovation, Pivatic marks 50 years of delivering advanced sheet metal punching and bending solutions, and Vaski celebrates a decade of pushing the boundaries of industrial technology.

“We are delighted to welcome Ursviken into the Vaski Group family,” said Michael Mansour, CEO of Vaski Group. “This acquisition represents a significant step forward in our mission to drive industrial innovation and support sustainable growth across the Nordic region and beyond. Together, we will unlock new opportunities and deliver even greater value to our customers.”

Nicklas Jakobsson, CEO of Ursviken Technology AB, added, “Becoming part of Vaski Group marks an important milestone for Ursviken. Our shared values and complementary strengths will enable us to reach new goals and continue to deliver exceptional solutions to our customers worldwide.”

About Vaski Group

Vaski Group is a Finnish-based industrial leader known for its innovative flat bar processing systems and sheet metal handling, punching and bending solutions. With a focus on innovation and automation technologies, Vaski Group serves a diverse range of industries, driving efficiency and sustainability. In 2024, Pivatic Oy became a part of Vaski Group.  

About Ursviken Technology AB

Ursviken Technology AB, based in Skellefteå, Sweden, specializes in manufacturing high-performance press brakes and shears. With its long history, Ursviken has established itself as a trusted partner for industrial manufacturers globally.