Finland Times

 

Patria company logo Helsinki office. File Photo – Lehtikuva.

The ammunition company Nammo Lapua Oy announced on Monday that it had signed an agreement with the Finnish aerospace and defence group, Patria, to acquire the ammunition facility in Sastamala, said a press release.

 

The facility in Sastamala is specialised in production of components for artillery and mortar ammunition. By acquiring the Sastamala facility, Nammo secures continued activity of the production line and employs a large part of the employees already given notice by Patria.

 

According to Nammo, the partnership agreement signed between Nammo and the Finnish Defence Forces in January 2014 should strengthen Nammo’s position and relationship with the Finnish Defence Forces.  

 

“The facility in Sastamala fits well into Nammo’s large calibre ammunition activities and at the same time we secure that the competence remains in Finland. With this acquisition Nammo will play an important role in Finland with regard to national security,” said Nammo Lapua Oy Site Manager Erkki Mäkelä in the release.