Kesla Plc | Unofficial English translation of Stock exchange release, inside information | 11 May 2026 at 13:30 p.m. EEST
Kesla’s Board of Directors has, based on a strategic assessment, decided to initiate a divestment process for the Tractor Equipment product group concerning tractor-mounted civilian applications. The decision is driven in particular by Kesla’s objective to ensure sufficient resources for the development of KESLA Defence and other product groups, as well as for building up its delivery capability.
The decision is part of Kesla’s business and financial recovery and structural assessment process, as announced on 1 December 2025. The recovery and structural assessment process covers the entire Kesla Group, and as previously announced, includes a strategic assessment of Kesla’s different product groups. The recovery and structural assessment process continues as planned, and decisions based on it will be communicated separately.
The progress of the Tractor Equipment divestment process will likewise be communicated separately. The process may result in a transaction involving the Tractor Equipment product group or other changes. Kesla will retain the product rights related to Defence and non-tractor-mounted applications. The process is expected to be concluded during 2026.
“Ensuring that Kesla continues to offer a competitive portfolio of products and services that create value for customers is at the core of everything. We will continue our structural assessment process and, in line with our strategy, focus on the product groups where we have the clearest competitive advantage. Our outlook in the defence industry is strong, and we want to ensure sufficient resources and focus particularly on developing our KESLA Defence product group. Following a thorough strategic assessment, we have concluded that divesting the Tractor Equipment product group concerning tractor-mounted civilian applications is the best solution from an overall perspective”, says Kesla’s CEO Pasi Nieminen.
KESLA PLC
Further information and interview requests:
Pasi Nieminen, CEO
Tel. +358 40 901 4401
pasi.nieminen@kesla.com
Kesla – Your Responsible Partner
Kesla is a responsible partner that develops machinery, technology and services for the sustainable success of its customers, both in and outside the forest. Kesla’s four product groups are: truck and stationary cranes, logging equipment, tractor equipment and KESLA Defence. In 2025, the Group’s turnover was €34,4 million, of which 53% was attributable to export operations. Established in 1960, Kesla has production facilities in Joensuu, Kesälahti and Ilomantsi as well as a sales office in Appenweier, Germany. Kesla currently employs around 200 people. Kesla’s A series shares are listed on the Nasdaq Helsinki Ltd. www.kesla.com/en/frontpage