CoE Group, a Finnish engineering and consulting company serving the energy and industrial sectors, has agreed to acquire Gofore’s Product Design & Technical Documentation business. Upon completion of the transaction, approximately 120 product design and technical documentation experts will transfer to CoE Group.
The business being acquired provides design services for physical products, equipment assemblies 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 expected 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. Through the arrangement, the company’s headcount will grow to approximately 300 experts, and its ability to serve customers in the energy, industrial and technology industries will be significantly strengthened.
– We are very pleased to welcome around 120 experienced design and documentation professionals into the CoE community. The acquisition significantly strengthens our expertise and enables us to offer even broader service packages to our customers. At the same time, we are strengthening our position as a Finnish expert company in the technology and engineering sector, says Sami Kivioja, CEO of CoE Group.
Particular reinforcement for 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 engineering, product development and technical documentation complements CoE’s current services and creates new opportunities for customers.
Through the acquisition, CoE Group expands its capability to serve industrial production facilities and technology companies comprehensively across automation, electrical, instrumentation and mechanical engineering as well as product development.
– Our customers’ investment projects are continuously growing in size and complexity. With this acquisition, we are better able to meet these needs by bringing broad technical engineering expertise, project delivery capability and strong industry knowledge under one organisation, Kivioja continues.
Cooperation with Gofore continues
In connection with the acquisition, CoE Group and Gofore have agreed on long-term cooperation aimed at offering customers even more comprehensive service packages. The companies’ competencies complement each other particularly at the interfaces of industrial digitalisation, software development and physical product design.
Juuri Partners as a growth partner
Juuri Partners, a Finnish private equity company and growth partner for SMEs, has been involved in CoE Group’s journey since 2022.
– CoE Group’s team has done impressive work towards profitable growth, of which this acquisition is once again a fine example. Acquisitions are a natural part of the company’s growth strategy, and we are glad to support this journey as an active owner going forward as well, says Tommi Asmala, Partner at Juuri Partners.
CoE Group continues its rapid growth
CoE Group is a Finnish engineering 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, its entrepreneur-driven operating model and its customer-oriented approach to delivering demanding projects.
The acquisition supports CoE Group’s goal of building one of Finland’s leading players in technical engineering and expert services.
Further information
Sami Kivioja
CEO, CoE Group
Tel. +358 50 4416210
sami.kivioja@coegroup.fi
CoE Group
www.coegroup.fi