CANELCO BREAKS AWAY FROM GEOMACHINE OY

08.04.2019

The secession was carried out as internal arrangements by the owners, as a result of which Nikka Enterprises Oy now holds 100% ownership of the company. Geomachine made significant advances during Canelco’s ownership. In recent years, the company nearly doubled its turnover as a result of launching new product generations to the market. In fact, Geomachine is currently one of the leading operators in its market area. 

Canelco became one of Geomachine’s owners in 2010. Today, Geomachine has the turnover of around EUR 7.1 million and the company has 32 employees. The company’s domicile is Tuusula, Finland.

Inquiries:
Mikko Kuparinen, CEO, Canelco Capital Ltd, Tel: +358 400 606 055, email: mikko.kuparinen@www.canelco.fi

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