The latest investment of Folmer Equity Fund I Ky is Umacon Oy, a company specialized in demolitions of equipment and buildings.
With the latest transaction Folmer Equity Fund I acquires 60 % ownership in Umacon Oy, a family business founded in 1988. Umacon is a leading company in complex demolitions of industrial equipment and machinery. The demolition projects have evolved a respected and specialized area of expertise. Umacon is situated in Kouvola, Myllykoski.
Umacon’s younger generation owners Tuomas Salonen and Vesa Salonen will continue their work in Umacon and maintain in total a 40 % ownership in the company. Umacon’s pro forma revenue for financial year 2012 was over 10 Meur.