MTC Flextek completed the acquisition of metalworking machinery business of IP-Produkter.

MTC Flextek, a manufacturer of metalworking machinery, completed the acquisition of metalworking machinery business of IP-Produkter. a manufacturing services company that sells and markets industrial products for the cutting metal, process, and hydraulics industries. Financial terms were not disclosed. "A new growth strategy has been in the works since the spring, and this business transaction is an important part of its implementation. We did not want to expand our offering solely with new products and brands, but it was essential for us to also get people and expertise as part of the whole. This way we ensure that we can serve both current and new customers comprehensively and with high quality also in the future," Tomi Tiitola, MTC Flextek CEO.