The blog post can only be read in Finnish.
Electronics contract manufacturer MLB Electronics Oy based in Lohja, Finland, is one of the best-known pioneers in the field of electronics manufacturing services and assembly. We have dedicated this page to recent news of our company and the field in general. If you are interested in our services, contact us and request a quote!
Dear customers and partners,
With great sadness, we announce that Rainer Backman, longtime owner and CEO of MLB Electronics, passed away on June 14 2022, exhausted by a short but serious illness. Rainer was the heart and soul of the company and his absence affects us all.
Rainer’s funeral service will be held at Pyhän Laurin Kirkko in Lohja on Friday July 8th 2022 at 11:30, where everyone is welcome. A memorial service will be held among those who are invited.
Kirsi Backman, Asta Kronvall-Kettunen & Petra Löytänä
Inission Lohja and MLB Electronics
Inission AB (“Inission”), through its wholly owned subsidiary Inission Lohja Oy, has signed an agreement to acquire 100% ownership of MLB Electronics Oy (“MLB”). MLB is one of the most experienced contract manufacturers in Finland with a wide range of services throughout the manufacturing process. With this acquisition Inission will widen its portfolio and strengthen its position and presence in Finland.
The price for acquiring 100% of the MLB shares is EUR 1.7 million with an additional purchase price of maximum EUR 0.6 million based on MLB’s revenue for year 2022 and 2023. The signing took place 21st of January 2022 and closing is planned to the 31st of January 2022.
Overview of MLB
Founded in 1977, MLB is an EMS (Electronics Manufacturing Services) company based in Lohja, Finland with 45 employees. In year 2021 MLB had a revenue of EUR 6.9 million with EBITDA of EUR 0,6 million. The customer portfolio is well distributed and includes customers within industry, MedTech and instruments.
Through the acquisition, MLB will be able to improve service and product offering to its existing and new customers in Finland. Inission will widen its customer base, increase competence, capacity, and resources to grow the EMS business in Finland. The acquisition also balances Inission’s customer portfolio both in numbers and industrial segments.
After the acquisition, MLB will be a subsidiary under Inission Lohja and will continue its operations out of their current facilities and organization on short-term basis with the exception that Inission Lohja’s CEO Pekka Väyrynen in addition to his current duties and responsibilities will succeed Rainer Backman as CEO of MLB. In medium-term, the companies will be merged to utilize the beneficial synergies these organizations can provide each other.
The cash transaction is fully financed with loan of EUR 1.7 million by Inission’s bank according to Inission standard terms. The transaction is estimated to have a positive impact on revenue and operating profit (EBIT) of Inission in 2022.
Pekka Väyrynen, CEO Inission Lohja:
– We at Inission Lohja are extremely delighted to see Inission expanding in Finland through MLB acquisition and knowing MLB to be one of the most famous EMS service providers in Finland. Together with Inission’s capabilities and industry knowledge we will be even more focused on high tech and providing machine building industries focused cutting-edge solutions. We at Inission Lohja look for strong co-operation within MLB and professionals at MLB and Inission Lohja are together ready to utilize both unit’s all aspects in order to provide world class customer service.
Rainer Backman, CEO MLB:
– As an electronics manufacturing service provider, we are one of the oldest and most experienced in our field in Finland. We have been working with our customers for 45 years, of which 33 years as a family business. Our values are based on the desire to co-operate an attend to our customer in the best way possible to reach our common goals. Our strengths are customer orientation, agile manufacturing, quality and a staff of experienced professionals. By combining our strengths with Inission, we are able to serve our customers more efficiently, offer a wider range of services and be able to develop our operations in a whole new way. This will ensure that we meet the growing needs of all the sectors in electronics industry. We are looking towards the future with great enthusiasm.
The acquisition will be consolidated as part of Inission financials from the 31st of January 2022.
For further information please contact
Pekka Väyrynen, CEO Inission Lohja Oy
+358 50 555 1516
Rainer Backman, CEO MLB Electronics Oy
+358 400 475 500
This information is such information that Inission AB is obliged to publish in accordance with the EU Market Abuse Regulation. The information was submitted, through the care of the above contact person, for publication on January 21 2022 at 08:30 CET.
Inission Inission is a profitable total supplier that offers demanding industrial customers in the Nordic region complete electronic and mechanical products of the highest quality. Our services cover the entire product life cycle, from development and design to industrialization, volume production and aftermarket. By combining this with logistics services and a production based on high flexibility, customer adaptation and short lead times, our offer becomes very competitive.
Inission has production units in Stockholm, Västerås, Borås, Munkfors, Malmö, Løkken Verk (Norway), Lohja (Finland) Lagedi and Tallinn (Estonia). Inission is listed on Nasdaq First North with Nordic Certified Adviser AB (email@example.com, +46 707 94 90 73) as a certified adviser. The company’s reports are filed under:www.inission.com/investor-relations
Inission AB: org.nr 556747-1890
652 21 Karlstad
The 2020 fair had to be postponed due to the corona epidemic, but this year we will be able to meet face to face again. We follow the given recommendations and restrictions to minimize the risk of Covid-19 infection. So come pop in our booth C1104! If you want to make an appointment, you can contact the person directly or contact us by email at firstname.lastname@example.org.
We are present:
Rainer Backman, Sari Saarinen, Hannu Eriksson,
Rainer Backman, Asta Kronvall-Kettunen,
Kimmo Kortesoja, Sari Saarinen, Jenni Kujanpää,
Petra Löytänä, Linda Turkki
Rainer Backman, Ari Koskinen, Kimmo Kortesoja,
Petra Löytänä, Linda Turkki
Hannu Eriksson, a former Production and Sales Technical Support Officer, took over as Key Account Manager on April 1, 2021. Hannu has an extensive and respected career behind in electronics subcontracting, in addition to this he has the expertise and enthusiasm for new challenges in the customer interface.
Due to increased demand, we have invested in optimizing production processes by investing in production equipment. In November, we introduced a new Mirae SMA assembly line to meet the increased demand and at the same time acquired an Ersa selective soldering machine to balance the production load. The ramp-up of the new equipment has gone well and we are better able to meet the needs of our customers even on a tight schedule.
Kuluneen kevään aikana teimme strategisen päätöksen keskittää kaikki toiminnot Lohjalle, lakkauttamalla Tsekin toimipiste. Kasvatamme ja tehostamme Lohjan tuotannon kapasiteettia, ottamalla käyttöön uuden ladontalinjan sekä selektiivisen juotoskoneen lokakuun aikana.
Kapasiteetin noustessa, olemme kasvattaneet myös henkilöstön määrää. Henkilöitä on rekrytoitu laatutiimiin sekä tuotantoon. Näiden investointien avulla pyrimme kehittämään toimintaamme, jotta voimme myös jatkossa vastata joustavasti asiakkaiden kasvaviin tarpeisiin.
IPC J-STD-001 kouluttajamme ovat kouluttaneet ensimmäisen ryhmän IPC J-STD-001 Specialisteja tuotantoomme ja jatkamme kouluttamista vuoden 2021 kevääseen.
Pitkäaikainen ja arvostettu Tekninen Johtaja, Jan Nordbo jäi ansaitulle eläkkeelle syyskuun lopussa. Uutena Teknisenä Johtajana aloitti Jani Kettunen. Jani on toiminut pitkään MLB:llä ja työskenteli aiemmin Teknisenä asiantuntijana vahvassa yhteistyössä Jan Nordbon kanssa.