Miston Oy acquires majority share of Oliotalo Oy

Oct. 3, 2012
Miston Oy, an Espoo Finland based family business, acquires majority share of Oliotalo Oy.

Miston Oy, an Espoo Finland based family business, acquires majority share of Oliotalo Oy

Oliotalo Oy designs and manufactures intelligent remote monitoring solutions and provides engineering services of embedded systems. With this investment, Miston Oy becomes the majority owner of Oliotalo. Kaius Häggblom, the founder and managing director, will stay with the company as the managing director and co-owner. Oliotalo Oy will continue operations as an independent company.

Oliotalo Oy was founded in 2002. It specializes in intelligent remote condition monitoring systems, including a full-scale industrial strength monitoring back-end and a web based user interface. Applications of Oliotalo’s ORM-technology* can be found in a wide range of industries, including wind turbines, fork lift fleets and other machine-to-machine applications. With Oliotalo’s range of solutions, customers can monitor, collect and process vital information, enabling remote condition monitoring, pre-emptive maihttp://www.miston.fi/ntenance and subsequently lower lifecycle costs and increased reliability. In addition, Oliotalo provides OEM engineering services of embedded systems. Most of Oliotalo’s production goes to exports.

”With the investment from Miston Oy, Oliotalo Oy gets a significant boost in our growth and internationalization efforts.” explains Kaius Häggblom, founder of Oliotalo Oy.
 
Miston Oy- http://www.miston.fi/

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