May 2026
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Largest Machinery Public Companies in Finland
Benchmark revenue and EBITDA valuation multiples for public comps like
KONE, Metso, Konecranes, Hiab and Scanfil.
 | Kone is a global top-four supplier of elevators and escalators. Kone began producing elevators in Finland in 1918 and today generates revenue in three ways: selling new elevators and escalators, modernizing old equipment, and servicing its installed base. Most of the company's profit comes from the last activity, where contracts are rolled over annually with built-in price increases. The bulk of Kone's business is in elevators, which are more numerous globally than escalators. Its business model is similar to its closest competitors Otis, Schindler, and TK Elevator. | $59 | -7% | $31B | $31B | 2.3x | 15.6x | ||
| Metso is a Finland-based supplier of equipment, process technologies, services, and consumables for the mining and aggregates industries. Headquartered in Helsinki, the company was created in 2020 through the merger of Metso Minerals and Outotec, combining decades of expertise in minerals processing and metallurgical technologies. Metso operates through two segments: minerals, which provides crushing, grinding, flotation, filtration, tailings, and slurry-handling equipment along with related services for global hard-rock mining customers; and aggregates, which supplies mobile and stationary crushers, screens, and aftermarket wear parts primarily for construction aggregates producers. | $19 | +52% | $15B | $17B | 2.7x | 15.3x | ||
| Konecranes Oyj provides lifting equipment and services for manufacturing industries, shipyards, ports, and terminals. It offers cranes, material handling solutions, and other components geared toward transporting and organizing supplies. Industrial Equipment segment includes, trucks, and various hoists include technologies to increase control and equipment capabilities. Port Solutions incorporates those service branches and spare part. The company's service network provides a full range of service solutions, specialized maintenance, and modernization services for equipment and tools. Inspections, spare parts, and preventive maintenance programs enhance efficiencies and extend product lifecycles. Majority of revenue is from Service segment. | $33 | -59% | $8B | $8B | 1.5x | 9.4x | ||
| Hiab Corp provides cargo and load-handling solutions. The company is engaged in providing smart and sustainable on-road load-handling solutions, committed to delivering the customer experience every day with engaged people and partners. The reporting segments of the company are: Equipment comprises new equipment Including loader cranes, forestry and recycling cranes, truck-mounted forklifts, demountables, and tail lifts, and Services segment comprises spare parts, maintenance, accessories, installations, digital services, and refurbished equipment. | $60 | +10% | $4B | $4B | 2.0x | 11.5x | ||
| Scanfil PLC is an international contract manufacturer and system supplier for the electronics industry and provides services, ranging from product design to manufacturing, material procurement, and logistics solutions. It manufactures, self-service applications, automation systems, wireless connectivity modules, climate control systems, collection and sorting systems, analyzers, and weather solutions. The company's segments include Industrial, Energy & Cleantech, and Medtech & Life Science. Substantial revenue is generated from the Energy & Cleantech segment which consists of products like reverse vending machines, air and water cleaners, indoor climate control systems, energy systems and automated collection and sorting solutions. | $15 | +57% | $1000M | $1B | 1.2x | 12.5x | ||
| Ponsse Oyj is engaged in the development, manufacture, sales, designing, and servicing of forest machines, other metal products, machine control systems, vehicle PC equipment, and different types of separate systems and software. The company's products include harvesters, forwarders, dual machines, harvester heads, cranes and loaders, information systems, and bioenergy products. The company divides its business activities into four geographical segments, namely Nordic countries and Baltics, Central and Southern Europe, South America, North America, Asia, Australia, and Africa. The Nordic countries and Baltics generated maximum revenue. | $28 | -18% | $792M | $814M | 0.9x | 9.0x | ||
| Raute Oyj is a technology and service company serving the wood products industry. The firm's products and services include plywood and veneer technology, Laminated Veneer Lumber technology, Mecano solutions, and others. It generates revenue from technology services, project deliveries LVL, and project deliveries, of plywood. Geographically, it has its operational footprints in Africa, South America, Europe, North America, and Asia Pacific areas. | $17 | -8% | $103M | $66M | 0.3x | 2.4x | ||
| Viafin Service Oyj is a company specializing in industrial maintenance, as well as the maintenance and installation of pipelines, equipment and gas systems. Viafin Service's wide range of services also includes electrical maintenance, wind power maintenance and repair services, maintenance services for LNG and biogas systems, gas networks and gas filling stations, and system deliveries. Viafin Service operates in Finland. | $24 | -2% | $83M | $73M | 0.6x | 7.6x | ||
| Glaston Oyj is a company engaged in developing and selling glass processing machinery. Its business includes a range of heat treatment machines, maintenance, upgrade, and modernization services, and spare parts for glass flat tempering, bending, bending tempering, and laminating. It also offers digital services, such as glass processing machine remote monitoring and fault analysis services, and consulting and engineering services. The company provides solutions to various industries including Architectural, Appliances, Automotive and Solar. | $1 | -17% | $55M | $87M | 0.4x | 4.5x | ||
| Merus Power Oyj Is engaged in the design, manufacturing and sale of domestic electricity storage, power quality solutions and services. Its business is based on scalable and modular power electronics, intelligent software technologies and electrical engineering expertise. The Company's business operations have been divided into two technological areas: Energy storage solutions and Energy quality solutions. | $5 | -13% | $41M | $44M | 0.7x | 19.6x | ||
| Kesla Oyj is engaged in designing, marketing, and manufacturing forest technology. The product portfolio includes harvester cranes, forwarder cranes, and industrial cranes. | $6 | +44% | $22M | $34M | 0.9x | (8.7x) | ||
| Norrhydro Group Oyj is a provider of hydraulic cylinders in the Nordic countries. The company develops and manufactures hydraulic solutions for the needs of the forestry, material handling, mining, civil engineering, marine industries, and others. | $2 | +6% | $18M | $27M | 0.8x | 8.8x | ||
| Elecster Oyj operates as an engineering and manufacturer of dairy machinery and packaging material. It is involved in the supply of product such as ultra-high temperature lines, sterilizers, aseptic, extended shelf life, and pasteurized pouch filling machines, autopackers and related economical and ecological packaging materials. Geographically, the activities are operated through Finland and it also owns packaging material production lines in Finland. | $3 | -10% | $12M | $15M | 0.4x | 9.4x | ||
| Median | $17 | -7% | $103M | $87M | 0.9x | 9.4x |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
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