DevCo strengthens its team – Timo Ihamuotila new Senior Advisor

DevCo Partners strengthens its team by appointing Timo Ihamuotila as a senior advisor.

Timo brings a wealth of experience from world leading technology companies. Since 2017 he has served as the Group Chief Financial Officer of ABB Group and as a member of the Group Executive Committee. He joined ABB from Nokia Corporation, where he had been Group CFO since 2009.

He is currently also Board Member of Kone Corporation and Oras Invest Oy.

"I know Timo well from both Nokia and ABB. We are all happy that Timo is joining the team,"

says Matti Alahuhta, Chairman of the Board of Directors of DevCo.

DevCo in brief
DevCo is a long-term oriented active owner and development partner dedicated to building world-leading companies in selected niche markets. DevCo provides its companies with hands-on operational resources, strategic support and significant financial resources to support step changes in their performance. DevCo is currently a significant owner of three global niche leaders, Vexve Armatury Group, Medix Biochemica, and Bluefors.