Sulzer Ltd (SWX:SUN) acquired an unknown majority stake in Owatec Group Oy on June 25, 2024. On completion, Owatec founder and CEO Jaakko Pellinen and Sulzer Ventures' Technical Advisor Philippe Bechtold were appointed to a newly formed Board of Directors. Owatec continues to operate as an independent company at its current facilities in Tupos, near Oulu, Finland. For the period ending December 31, 2023, Owatec Group Oy reported total revenue of ?5 million.

Sulzer Ltd (SWX:SUN) completed the acquisition of an unknown majority stake in Owatec Group Oy on June 25, 2024.