Telko expands with acquisition in Germany

Telko has expanded its plastics business to Western Europe through an acquisition of Polyma Kunststoffe in Hamburg, Germany.

The acquired company is a distributor of well-known engineering plastics. The acquisition provides Telko access to the German market, which is the biggest plastics market in Europe.


“The transaction strengthens our engineering plastics business and opens new markets for Telko in Germany and neighboring countries. This is yet another step of Telko’s compounder strategy, which focuses on high value-added products and further growth”, said Mikko Pasanen, CEO of Telko.

Polyma’s profitability has fluctuated between €0.3 million and €0.8 million in recent years. In 2024 net sales is expected to reach €15 million and EBIT €0.5 million. Telko’s strong supplier relationships and customer expertise combined with Polyma’s business portfolio create the prerequisites for significant business development. The current CEO Alexander Maul will remain as the company’s CEO.

Telko aims to accelerate its growth through acquisitions to achieve its strategic goals across all three business areas, and it has a solid pipeline of potential acquisition candidates.

The company remains confident in its ability to keep up the active M&A pace. Additionally, Telko will seek to strengthen its market share in existing markets through organic growth.



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