Dear Cooperation Partner,

System Engineering Solutions 37 (SES37) AB, specializing in system integration on international defence and security markets has acquired all shares of Conlog Oy. Conlog Oy is specialising in defence, security and safety solutions, based in Oulu, Finland. SES 37 AB is a subsidiary of Swedish Stockforsa Invest AB.

Conlog Oy is the leading Finnish supplier of mobile systems platforms, special containers and special vehicle modifications operating in the field of defence, security and safety. Conlog Oy’s turnkey solutions cover the full life cycle from design to end of life de-commissioning.

The objective of the sale is to ensure the company’s ability to exploit its growth potential in full and developing the company’s business on international markets. Conlog Oy is the market leader in Finland, and the company’s goal is to be a major supplier of operational mobile system platforms for defence, security and safety in Europe by 2030, according to Conlog CEO Jouko Koski.

“I firmly believe in Conlog Oy’s growth potential. This corporate transaction will have limited impact on our everyday operations – the new ownership supports our growth strategy. European customers in the field of security require increasingly large system deliveries. Our aim is to deliver our solutions outside Finnish borders. Thanks to this corporate transaction, we will enhance our ability to deliver on international markets, and enhance the products and services we can offer to our existing clients.

We decided to accept SES37’s offer, because we had realized that internationalisation required that we strengthen our network internationally. I see it as a safe way of securing the future development of my life’s work for nearly 30 years,” says the company’s founder, CEO Jouko Koski.

“Conlog Oy’s products are proven in operations in very harsh environments over more than 25 years in Finland. Conlog Oy’s products and services fits squarely within the urgent needs in Europe to acquire, customize and remanufacture basic equipment ready for operational use in a short time frame. Acquiring Conlog Oy will enable SES37 and partners to leverage each others’ potential and provide quality assured and timely deliveries to the defence and security markets. We are indeed looking forward to working with Conlog Oy in the years to come in the service of Defence, Security and Safety Organisations” says Christer Kjellkvist, Partner and CEO of SES37.

Conlog Oy will become a subsidiary of SES37, and will continue to operate under its current name, in its current locations and with the existing personnel.
Conlog Oy was established by Jouko Koski in 1990. Its turnover was approximately €21.5 million in 2017, and the Conlog Group employs around one hundred people.

The Conlog Group’s factories are located in Ylikiiminki and Seinäjoki, Finland, and the company has a servicing unit and also affiliate Oy Morehouse Ltd in Rautalampi, Finland.

Further information

- SES 37 AB: CEO Christer Kjellqvist, tel. +46 760 187 787, christer.kjellkvist@ses37.com

- Conlog Oy: Chairman of the Board of Directors: Christer Kjellkvist, tel. +46 760 187 787, christer.kjellkvist@ses37.com
  CEO Jouko Koski, tel. +358 400 683 890, jouko.koski@conlog.fi

www.conlog-group.fi and www.ses37.com

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