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TMK Machinery Oy has acquired Piippo Hydraulic
TMK Machinery Oy has acquired Metallikoneistamo Piippo Oy’s Piippo Hydraulic business on June 1, 2026
TMK Machinery Oy, a manufacturer of contracting attachments based in Hankasalmi, has acquired the Piippo Hydraulic business from Metallikoneistamo Piippo Oy, located in Kiuruvesi. Following this business transaction, the design, manufacturing, and sales of Piippo Hydraulic’s high-quality hydraulic valves will transfer to and become part of TMK Machinery’s growing product and service portfolio.
With this acquisition, TMK Machinery strengthens its strategic expertise in hydraulics and expands its product portfolio into hydraulic valves. The Piippo Hydraulic valves developed by Metallikoneistamo Piippo Oy are well-known for their reliability and premium domestic quality in both Finnish and international markets.
40 years of accumulated expertise passed forward as the entrepreneur retires
The acquisition ensures the preservation and continuity of Finnish hydraulic expertise built up over decades. Terho Piippo, the long-time entrepreneur of Metallikoneistamo Piippo Oy, is highly committed to a close post-transaction transition phase. He will support TMK Machinery over the coming months to guarantee a smooth transfer of all technical expertise, manufacturing methods, and customer relationships to the new owner. Following this transition period, Piippo will head into a well-deserved retirement.
"I have had a long and rewarding career in hydraulics, and finding a reliable, domestic successor for Piippo Hydraulic was of paramount importance to me," says Terho Piippo. "TMK Machinery has a genuine desire and a dynamic approach to further develop the business. I will support the TMK team with all my heart as they take the reins over the next few months, after which I can happily move on to enjoy my retirement days."
Production moves to Hankasalmi during summer 2026
The manufacturing of Piippo Hydraulic products will be integrated into TMK Machinery's modern production facility in Hankasalmi during the summer of 2026. This relocation aims to improve operational reliability, efficiency, and to provide broader resources for product development.
"Piippo Hydraulic’s products are at the absolute top of their field and align perfectly with our philosophy of quality," states Tenho Koponen, CEO of TMK Machinery Oy. "The life's work accomplished by Terho Piippo, along with his support during this knowledge transfer, is invaluable to us. Relocating production to our own factory this summer will strengthen our comprehensive hydraulics expertise, providing an excellent foundation for expanding our product development and conquering new markets."
Operations continue uninterrupted
The transfer of the business operations and manufacturing will be planned and executed seamlessly, meaning it will have no immediate impact on Piippo Hydraulic’s current customer accounts or orders. Product deliveries and the online store will continue as usual, and customers will be served going forward with the reinforced resources of TMK Machinery.
For further information, please contact:
Tony Koponen
Development director, TMK Machinery Oy
Phone: +358 40 534 5118
Email: tony@tmkmachinery.com
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