Patria has signed an agreement to sell its stake in Milworks OU, an Estonian provider of lifecycle management services, to Mootor Group.
~
Press Release, Helsinki, 30 June 2025: Patria has signed an agreement to sell its 60% stake in Milworks OU, an Estonian provider of lifecycle management services, to Mootor Group. The divestment is in line with Patria’s strategy to focus its MRO (Maintenance, Repair and Overhaul) operations in the Baltic region to its growing Valmiera site in Latvia.
Following the transaction, Mootor Group, currently a minority owner with a 40% stake, will become the sole owner of Milworks. The parties have agreed not to disclose the transaction price.
“Patria remains committed to serving the Estonian and more widely the entire Baltic defence market including Lithuania, leveraging our enlarged operations in Latvia. In parallel, Milworks is well positioned for further development under Mootor Group’s full ownership,” says Pekka Ruutu, Executive Vice President, Sustainment Solutions at Patria.
Milworks offers MRO services of armoured and soft skin vehicles as well as other military equipment. Milworks employs in total 15 people in Tapa and Voru. The transaction is expected to be completed on 31 July, 2025.
~
