Finnish energy and industrial design and consulting company CoE Group has agreed to acquire Gofore’s Product Design & Technical Documentation business. Once the transaction is completed, approximately 120 product design and technical documentation experts will transfer to CoE Group.
The business being acquired provides design services for physical products, equipment systems and technical documentation to customers in the industrial and defence sectors. The business is currently part of Huld Oy, which belongs to the Gofore Group.
The transaction is estimated to be completed on 1 September 2026, following the completion of Huld Oy’s ongoing partial demerger.
The acquisition is a significant step in CoE Group’s growth strategy. As a result of the arrangement, the company’s number of employees will grow to approximately 300 experts, and its ability to serve customers in the energy, industrial and technology sectors will be significantly strengthened.
“We are very pleased to welcome approximately 120 experienced design and documentation experts to the CoE community. The acquisition will significantly strengthen our expertise and enable us to offer broader service solutions to our customers. At the same time, we are strengthening our position as a Finnish expert company in the technology and design sector,” says Sami Kivioja, CEO of CoE Group.
SIGNIFICANT STRENGTHENING OF THE MACHINE & PRODUCT ENGINEERING BUSINESS
The acquisition particularly supports the growth of CoE Group’s Machine & Product Engineering business. The acquired business’s strong expertise in mechanical design, product development and technical documentation complements CoE’s existing services and creates new opportunities for customers.
Through the acquisition, CoE Group will expand its capability to serve industrial production plants and technology companies comprehensively in the areas of automation, electrical, instrumentation and mechanical design, as well as product development.
“Our customers’ investment projects are continuously growing in size and complexity. Through this acquisition, we will be able to respond to these needs even better by bringing extensive technical design expertise, project delivery capability and strong industry expertise together under one organisation,” Kivioja continues.
COOPERATION WITH GOFORE WILL CONTINUE
In connection with the acquisition, CoE Group and Gofore have agreed on long-term cooperation aimed at offering customers even more comprehensive service solutions. The companies’ areas of expertise complement each other particularly at the interfaces of industrial digitalisation, software development and physical product design.
JUURI PARTNERS AS A GROWTH PARTNER
Finnish private equity company and growth partner for SMEs Juuri Partners has been part of CoE Group’s journey since 2022.
“The CoE Group team has done impressive work to achieve profitable growth, and this acquisition is yet another excellent example of that. Acquisitions are a natural part of the company’s growth strategy, and we are pleased to continue supporting this journey as an active owner,” says Tommi Asmala, Partner at Juuri Partners.
COE GROUP CONTINUES ITS RAPID GROWTH
CoE Group is a Finnish design and consulting company that provides expert services particularly for the needs of customers in green energy, industry and the technology sector. The company is known for its strong technical expertise, entrepreneurial operating model and customer-oriented approach to delivering demanding projects.
The acquisition supports CoE Group’s goal of building one of Finland’s leading providers of technical design and expert services.