Patria and SIA Unitruck established a joint venture in Latvia
February 27, 2020 - Patria and SIA Unitruck have established a jointly owned company in Latvia. The new company, SIA Defence Partnership Latvia, owned by Patria 70% and Unitruck 30%, will provide maintenance, repair, overhaul, system integration services and logistical operations to the Latvian National Armed Forces.
The new company is located in Cesis. The parties acknowledge that SIA Defence Partnership Latvia could become part of the Latvian defence’s mobilisation organisation and to support the ongoing planning and build-up of Latvia’s comprehensive defence.
“Establishing SIA Defence Partnership Latvia is a part of Patria’s strategy to grow its international maintenance and life-cycle support business. This joint venture is a long-term commitment to support Latvia’s National Armed Forces. Would Latvia decide to procure Patria 6x6 vehicle platform, we believe SIA Defence Partnership Latvia will be a very capable key contributor to the Latvian security of supply in the program and for ensuring long-term sustainment of the vehicles”, says Jukka Holkeri, President of Patria’s International Support Partnerships business unit.
Patria is an international provider of defence, security and aviation life cycle support services and technology solutions. Patria provides its aerospace and military customers with equipment availability, continuous performance development as well as selected intelligence, surveillance and management system products and services. Patria employs 3,000 professionals. It is owned by the State of Finland (50.1%) and Norwegian Kongsberg Defence & Aerospace AS (49.9%). Patria owns 50% of Norwegian Nammo, and together these three companies form a leading Nordic defence partnership.
SIA Unitruck operates in the repair and maintenance business of trucks, trailers, forestry and industrial equipment since 2004 and offers diagnostics and repair services of engines, gearboxes, hydraulic, pneumatic and electrical systems, and performs truck equipping with different superstructures.
Further information:
Jukka Holkeri, President, International Support Partnerships, Patria, tel. +358 40 869 2008, jukka.holkeri@patriagroup.com
Jussi Järvinen, President, Land, Patria, tel. +358 40 869 6625, jussi.jarvinen@patriagroup.com
Mārcis Dambis, Chairman of the Board, SIA Unitruck, tel. +371 2862 6705, marcis@unitruck.lv
