Cultural and customer similarities bode well
Prevas has received regulatory clearance for its acquisition of Enmac, a Finnish technology consultant with a focus on process and production development. It will be consolidated from 1 July and add roughly 200 FTEs, taking the Prevas Group to around 1,100 employees in total. We like the profile of Enmac, as it has shown solid sales growth with high profitability. In addition, its customers are well-known Finnish companies with the majority in the manufacturing industry. There also seems to be a cultural fit, with Enmac's focus on decentralised decision-making and customer satisfaction similar to that of Prevas. Overall, we think Enmac is a good fit and that the integration process will be smooth.
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