Cases, Publications

Sale of International Electric Company to ScandiNova Systems AB

Nordic Growth advised owners of International Electric Company Oy on the sale of majority of shares to ScandiNova Systems AB

International Electric Company (IECO) is a well-recognized developer and producer of subsystems and precision instruments such as power amplifiers and precision power supplies for the global healthcare, scientific, and industrial markets. Its products are present in medical imaging and cancer treatment systems, scientific instruments, and industrial uses, such as power generation and semiconductors.

ScandiNova Systems AB is a leading player in the development and production of high-voltage pulsed power systems and magnets for use in MedTech, industrial and scientific applications. The acquisition of IECO is part of ScandiNova’s long-term strategic vision to expand its offer of critical subsystems for above markets, as well as add key technology and increase the knowledge and talent base to meet future goals.

Nordic Growth advised the sellers throughout the process and helped facilitate the transaction with its cross-border M&A expertise in the demanding MedTech sector.

Nordic Growth deal team

Erkki Hietalahti,, +358 40 578 4110

Matias Pönniö,, +358 40 839 1986

Aleksi Pulkkinen,, +358 40 573 2953

Press releases

Press release