Mergers and Acquisitions

Time Company/Industry  Event  Description 
1981 Tamglass Oy Acquisition Kyro acquires the entire share stock of Tamglass Oy, founded in 1970. Exports already account for 93 % of Tamglass’ net sales of  FIM 54.7 million and the company has 148 employees. Kyro becomes a diversified company.
1985 Tecnomen Acquisition Kyro expands its electronics business by acquiring Tecnomen, which supplies Tamglass with automation and control systems. The company also operates in the field of telecommunications.
1986 Glaston forest holdings and local electricity network Divestment  The company sells its forest holdings to Suomi-Salama and its local electricity distribution network to Oy Nokia Ab.
1995 Glaston’s forest industry business Divestment  Kyro sells its forest industry business to Metsä-Serla Oy, amid a major restructuring of the entire sector.
1996 Cattin Machines Acquisition Cattin Machines, a Swiss manufacturer of safety glass machines, is acquired for the Tamglass Group.
2002 Finton Oy Acquisition The Tamglass Group’s glass processing business is supplemented by the balcony glazing manufacturer Finton Oy from Lahti Finland.
2002 Uniglass Oy Acquisition The Tamglass Group’s machine business is supplemented by the flat tempering machine manufacturer Uniglass Oy from Tampere Finland.
2003 Z. Bavelloni Immobiliare S.p.A. and Glasto Holding B.V. as well as Suomen Lämpölasi Oy Acquisition Kyro acquires Italian Z. Bavelloni Immobiliare S.p.A’s and Dutch Glasto Holding B.V’s all share as well as a majority shareholding in Suomen Lämpölasi Oy. Glaston Technologies, consisting of Tamglass and Bavelloni, becomes the world’s largest comprehensive supplier of glass processing machines, and its glass processing product range becomes the biggest in Finland.
2005 Glaston’s hydropower and district heat distribution
businesses
Divestment  At the end of the year, the Group sells its hydropower and district heat distribution businesses.
2007 Glaston’s Energy Business Divestment  Kyro sells its energy business area to M-real Oyj.
2007 A+W Software AG Group Acquisition Glaston acquires the German A+W Software Group in July 2007, after which the third Business Area, Software Solutions, is formed.
2009 Tamglass Glass’s insulated and architectural glass processing operations Divestment Glaston Corporation’s subsidiary Tamglass Glass Processing Ltd. sells its      
insulated and architectural glass processing operations to INTERPANE Glass Oy.
2010 Glass processing operations

Divestment

Glaston’s joint venture, the glass processing company INTERPANE Glass Oy,  sold to Rakla Finland Oy.

2013 A+W Software GmbH

Divestment

 Sold to Constellation Software Inc. acting through its Friedman Operating Group

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