Harjavalta Oy and Tirinom Oy signed an agreement to purchase Nordec Group Oyj from Donges SteelTec GmbH on September 22, 2022. Nordec's revenue For the financial period ended December 31, 2021, revenue was €225.5 million, adjusted EBITDA €11.8 million, adjusted EBITA €9.2 million, and reported operating profit €2.0 million. The transaction is subject to Finnish Competition and Consumer Authority approval and customary regulatory approvals. The transaction is expected to close in the fourth quarter of 2022.

Harjavalta Oy and Tirinom Oy completed the acquisition of Nordec Group Oyj from Donges SteelTec GmbH on November 10, 2022.