Finland: Punamusta buys Pixmill

The Finnish printing and media group Punamusta has acquired all shares in the Finnish large format printer Pixmill. The purchase is valued at 3.2 million euro on a debt free basis.

The take-over is part of Punamusta’s strategy of becoming a market leader in printing in Finland, according to a press release.

In 2019, Pixmill had sales of 8.3 million euro and an operating result of 0.2 million euro.

Punamusta Media Corporation with 710 employees says in the press release that the group estimates a turn over of 120 million euro in 2020 and EBIT of 1.5 million euro.