Mitta's Latest Aquisition Strengthens its Multi-Talented Portfolio in Monitoring and Smart Technology
Mitta Oy has signed a sales agreement on the 22nd of June 2023 for the purchase of the entire stock of Wiiste Oy, which focuses on measurement systems for the construction industry.
Founded in 2012, Wiiste Oy is the market leader in Finland and an international pioneer in wireless moisture monitoring of structures. Thanks to the Wiiste Wireless system, customers can monitor condition measurements in construction projects and moisture monitoring of concrete and wood with IoT sensors in real time and independently. Wiiste's goal is to help customers efficiently build high-quality buildings that are healthy for their users.
"With data-driven solutions, we always produce the best added value for our customers, which is why various real-time monitoring systems fit very well into Mitta's existing range of services," says Aki Puska, CEO of Mitta Group.
"With the acquisition, we will once again gain excellent expertise in our team and be able to offer even more comprehensive monitoring solutions to meet the growing needs of our customers."
Wiiste, which employs 10 people, has strong R&D expertise and all products are manufactured in Finland.
As a result of the acquisition, Wiiste Oy's key personnel will become shareholders in Mitta Group and continue in their previous positions.
"From Wiiste's perspective, everything falls into perfect alignment. Becoming a part of Mitta seamlessly aligns with our objectives of business growth and international expansion. The market area and targets exhibit remarkable similarities," says Aki Böök, CEO of Wiiste.
"Today, customers have an expanding array of monitoring solutions at their disposal. Through the synergistic combination of our respective technical capabilities and measurement expertise, we can fulfill this demand exceptionally well. Wiiste's experts will not only broaden their own knowledge but also bring new expertise in construction monitoring to benefit Mitta and its valued customers," states Böök.
For further information, please contact:
CEO, Mitta Group Oy
+358 405 683 490
CEO, Wiiste Oy
+358 405 964 599