22.11.2021
POK Group Oy has bought the entire capital stock of E Avenue Oy
POK Group Oy has bought the entire
capital stock of E Avenue Oy.
POK Group, a family company from Kuopio that manufactures electricity distribution systems, has bought the entire capital stock of E Avenue Oy. As a result of the arrangements, POK Group will double its revenue and become one of the largest Nordic players in its industry. At the same time, the company is expanding its operations into new business areas.
The aim of the major acquisition is to strengthen POK Group's future competitiveness and position in the electricity distribution equipment market. The merger of the two competing companies, which has been considered for a long time and is in line with POK Group's strategy, seeks synergies that will enable us to offer more comprehensive solutions to customers. With the increase in the number of employees, the company will be able to meet the shortage of experts in the sector and strengthen its expertise capital. The investment will also increase generation capacity to meet the ever-increasing demand and future evolving market. You can read the full media release HERE.
Following the acquisition, E Avenue will continue to operate as a separate company as part of the POK Group Oy as of November 19, 2021. For the time being, the arrangements have no impact on the companies' operations, existing agreements, or customer and supplier / procurement relationships.
- The arrangement has no effect on existing contracts or offer
- Customer and purchase contacts will remain unchanged for the presen
- Billing and shipping addresses remain the sam
- Processing and management of orders and deliveries will continue as befor
More information:
Customer Relationships and Agreements
Mikko Räbinä (Vice President), +358 (0)10 5727 532, mikko.rabina@pok.fi
Procurement Relationships and Agreements
Tiina Pietarinen (Chief of admissions), +358 (0)10 5727 512, tiina.pietarinen@pok.fi