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01 Jul 2022

PROTOPAJA OY IS NOW PART OF THE STERA GROUP


Stera Group Oy – parent company of Stera Technologies Oy - has acquired 100% of the share capital of Protopaja Oy with an agreement signed on June 30, 2022. On the same date, Stera signed a long-term lease agreement for an industrial property in Naantali, where Protopaja Oy currently operates. As a result of the acquisition, AMP-Himek Oy as the former owner of Protopaja Oy will become shareholder in Stera Group Oy.

Protopaja Oy is one of the leading manufacturers of fine sheet metal mechanics in the Nordic countries. The manufacture of fine sheet metal products is based on own strong tool manufacturing and the development of production equipment. Protopaja Oy was founded almost 50 years ago, the company has 35 employees in Naantali and company’s annual turnover is 5 M€.

By this acquisition, Stera is capable to expand its technological offering of contract manufacturing services and strengthen the position of its SteraTools business in the European tool market. In addition, the modern industrial property of more than 11,000 m2 in Naantali will enable to continue Stera's growth strategy also in the future.

 Stera Technologies Oy and Protopaja Oy will continue their operations as separate companies for the time being.