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1997 Partek acquires Sisu

Product history

1998 HiTech
1998 1 Read more
2001 S Series
2001 2 Read more
1999 Valtra EcoPower
1999 EcoPower Read more

The Sisu Group had a long way to go before being listed. The problem was solved when the listed company Partek, which was interested in engineering operations, decided to buy the entire Sisu Group in January 1997. Partek’s roots went back to chalk mine operations on the southwest coast of Finland. As a listed company, it intended to expand from chalk-based industrial operations to engineering operations. Its first step in this direction was the acquisition of load-handling equipment specialists Hiab and Multilift.

The acquisition of the entire Sisu Group provided an ideal opportunity for the Finnish State to privatise its holding, while Partek in turn acquired world-class engineering operations. The corporate structure was further strengthened by the acquisition of Swedish materials handling equipment manufacturer Kalmar. The combination of Kalmar and Valmet/Sisu products made Partek one of the biggest engineering companies in the world.

Partek was initially sceptical about tractor operations, but it soon discovered that Valtra was a model student. During the Partek years the double brand name “Valtra Valmet” was launched. The company had three and half years to prepare for the final name change. On 19 January 2001 the company celebrated its 50th anniversary and announced the new name for its products: Valtra.

The Partek Group was still burdened by 30 percent State ownership. As industrial share prices fell throughout 2001 and 2002, the market value of Partek weakened significantly.

In November 1999 Valtra received the Finnish Quality Award

In November 1999 Valtra received the Finnish Quality Award.

On January 19th, 2001 the company's 50th anniversary

On January 19th, 2001, at the company's 50th anniversary...

The new company name was announced 2001.

...the new company name was announced.