IONCOR Secures Successfully New Owner Structure to Support Next Phase of Development

The new owner structure marks an important milestone for IONCOR, formerly owned by Valmet Automotive, providing both capital and strategic backing to advance the development and commercialization of its proprietary battery systems. After the transaction FMG will hold 70% of IONCOR, Varma 16%, and Pontos 14%.

• The new owner structure is a strong vote of confidence in IONCOR’s expertise and future. It enables us to continue developing our product portfolio and strengthening our export potential, while contributing to the clean energy transition in heavy-duty transport and industrial sectors, says Roberts Abele, CEO of IONCOR.

For FMG, the ownership in IONCOR further supports its presence in the battery value chain.

• FMG’s strategic objective is to develop a responsible battery value chain in Finland and to foster the emergence of new industries and expertise in the country. IONCOR is an excellent fit with this strategy, as battery system engineering and manufacturing are a crucial addition to our portfolio, says Matti Hietanen, CEO of FMG.

With significant financial backing, IONCOR is now well-positioned to continue its development, focusing on advanced battery systems for heavy-duty transport, off-highway vehicles, and the automotive industry. The company employs around 1,000 professionals in Finland and Germany, with production facilities in Salo and Uusikaupunki (Finland) and Kirchardt (Germany).

IONCOR’s momentum remains strong—gross sales in 2024 rose significantly to approximately EUR 1.5 billion, driven by higher production volumes and an expanded product and service offering. With the new funding, the company is set to build on this foundation and reinforce its position as a leading European supplier of advanced battery systems.

Further information: Helen Hofmann, Head of Marketing & Communications helen.hofmann@ioncor-batteries.com phone +358405541756

About IONCOR IONCOR is one of Europe’s leading manufacturers of battery solutions for electric vehicles with more than three million delivered battery systems. The company focuses on battery systems for heavy-duty transport, commercial vehicles, and mobile machinery used in industries such as logistics, agriculture, construction, mining, and forestry, as well as for the automotive sector. IONCOR supports the electrification of its customer segments by offering modular battery systems, customized solutions, and contract manufacturing services. The company operates three large-scale battery system production plants as well as R&D and battery testing centers in Finland and Germany.