Raute acquires majority holding in machine vision developer Hiottu Oy

Raute Corporation has signed an agreement on the acquisition of the majority of the share capital in Oulu-based Hiottu Oy. The shareholders employed by Hiottu will continue working for the company.

Hiottu, established in 2005, is a company offering software services with special knowhow in various machine vision solutions and other system solutions for demanding industrial environment. Hiottu’s services include software consulting and project management, machine vision programming and systems, industrial programming, and web programming.

Hiottu Oy complements Raute’s knowhow in digitalization and the acquisition of the company is part of the previously reported investment in digitalization. Hiottu has previously been Raute’s cooperation partner. Hiottu’s net sales in 2019 were Euro 0.8 million and it employs 11 persons.

Read the full story at lesprom.com.

Victoria Krisman
Victoria Krisman is Interactive Media Specialist and Communications Manager for the Intelligent Community Forum.
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