Fimpec sells its Subsidiary, SystemTest OÜ, in Estonia

Fimpec is focusing on its strategy and has sold the entire share capital of SystemTest OÜ, a provider of automation system solutions in Estonia, in a transaction that was completed on Tuesday, September 12, 2023. The decision to sell the shares is aligned with Fimpec’s strategic goal to concentrate on the opportunities offered by the green transition and services in energy-intensive industries.

The sale of the entire share capital of SystemTest OÜ was executed, with Eimer Automaatika OÜ as the buyer, which has demonstrated strong interest in continuing the company’s operations into the future.

“SystemTest, in collaboration with Eimer Automaatika, has the capability to sustain and develop its own business. We believe that this strategic decision will create new growth prospects for both companies and enable a strategic focus on our respective areas of expertise,” stated Frans Jokinen, Development Director of Fimpec.

Fimpec will continue its determined expansion in the fields of consulting, technical design, and project management. The strategic decision to divest from total automation system deliveries allows Fimpec to direct its core competencies towards advancing the green transition and strengthening its position in the industry.