ITA Nordic
- Company typePrivate
- Founded1980
- HeadquartersKuru, Finland
- Headcount11–50
- GTM typeB2B
- OfferingHardware or Manufacturing
ITA Nordic firmographics
Firmographics- Name
- ITA Nordic
- Legal name
- ITA Nordic Oy
- Website
- https://itanordic.fi
- Company type
- Private
- Founded year
- 1980
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
Where ITA Nordic is headquartered
LocationHeadquarters
- HQ city
- Kuru
- HQ country
- Finland
- HQ region
- Europe
Offices4 records
Markets served
ITA Nordic business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales
Revenue model
- Contract manufacturing of machined components: Core revenue stream from CNC machining and contract manufacturing of precision-machined parts for industrial customers. Revenue generated through direct B2B contracts with machinery and equipment manufacturers.
- Assembly services: Assembly services for manufactured components, including sub-assemblies for production lines and spare parts, delivered as finished products ready for installation
- Warehousing and stock-controlled production: Stock-controlled production ensuring product availability and delivery from inventory, providing flexibility and short delivery times
Go-to-market motion1 record
Distribution channels1 record
Marketing channels7 records
ITA Nordic product offering
Product offeringCore offering
ITA Nordic is a Finnish industrial contract manufacturer specializing in CNC machining of technically demanding precision components and fasteners for machinery and equipment manufacturers. The company operates a 60-machine CNC fleet across four Finnish production facilities and delivers a one-stop-shop offering that combines precision machining, sub-assembly, and stock-controlled warehousing with short lead times.
Product overview
ITA Nordic is a Finnish contract manufacturer offering a unified suite of precision machining and assembly services. The core offering centers on specialized fasteners and electric motor/mining machinery components, manufactured using 60+ CNC machines including lathes, machining centers, and multi-purpose lathes. Add-on services include assembly (bearing assemblies, pressure accumulators, valve train components), warehousing with stock-controlled production, and digital product passports. The company operates on a 'one stop shop' principle, delivering finished, ready-to-install products directly to customers.
Differentiator
Problem solved
Functional benefit
Products and services
- Specialized Fasteners High-strength fasteners including special screws, anchor bolts, and machined hex nuts for demanding applications in large engines, wind turbines, ship propulsion systems, and process industries. Products are manufactured from quenched and tempered steel as well as stainless steel alloys.
- Electric Motor Components Precision components for electric motors including end shields, shafts, rotors, gearbox housings, wear parts, and bearing assemblies manufactured to strict technical requirements using the latest CNC technology. Targeted at electric motor and motion equipment OEMs.
- Mining Machinery Components Custom machine parts for mining applications including components for diesel engines, propulsion equipment, and specialized equipment designed to withstand extreme conditions and demanding operating environments.
- Precision Machined Parts Geometrically complex and precisely toleranced machined parts ranging from 0.1 to 1000 kg, including flange and shaft products as well as multi-shaped castings and forgings. Components are manufactured for process, energy, mining, marine, and motor industries with classification society certifications.
- Assembly Services Comprehensive assembly services for manufactured components including bearing assemblies for electric motors, pressure accumulators for mining drills, and valve train components for internal combustion engines. Services include both manual and robotic assembly with comprehensive quality assurance.
- Warehousing Services Stock-controlled production ensuring product availability through demand-aligned manufacturing and warehousing. Products delivered directly from stock with short lead times and high delivery reliability. Surface treatments including painting, passivation, zinc-coating, and anodizing are available.
Quantifiable outcome
- Net Promoter Score (NPS) of 63, improved from 54 in 2022
- +4 more outcomes
Companies that use ITA Nordic
Customer profileNamed customers4 records
Segments4 records
Ideal customer profiles3 records
ITA Nordic technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration4 records
Feature5 records
ITA Nordic partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core and minor.
- SandvikcoreCollaboration partner in the Daponet project developing the Tuotelinssi (Product Lens) digital product passport solution for data-driven value creation across the manufacturing ecosystem
- VTT Technical Research Centre of FinlandcoreResearch partner in the Daponet project contributing to the development of digital product passport infrastructure
- Tampere UniversitycoreAcademic research partner in the Daponet project contributing expertise to digital product passport development
- OvakocorePrimary steel supplier from Imatra; Ovako is the largest recycler of scrap steel in the Nordics with carbon-neutral production. ITA Nordic processes approximately 3,000 tons of Ovako's steel annually, with machining chips returned as raw material
- Business FinlandminorFinnish funding organization supporting the Daponet project for digital product passport development
- SITRAminorFinnish Innovation Fund participating in Daponet project consortium for digital product passport ecosystem development
Scale indicators8 records
Recent moves9 records
Expansion highlights5 records
ITA Nordic competitors and assessment
Company assessmentBroad incumbents
- Etteplan Oyj: Finnish-listed engineering and industrial services company providing design, embedded systems, and manufacturing-adjacent services. Comparable as a Finland-based industrial services peer serving similar machinery and equipment OEM customers, though broader in scope.
Others
- Metso Corporation: Finnish-listed leader in mining, aggregates, and metals processing equipment. Listed as an industry-leading customer in ITA Nordic's portfolio; comparable as a customer/end-market participant in mining machinery rather than direct manufacturing competitor.
- Sandvik AB: Swedish global industrial group with mining and rock processing, metal-cutting, and materials technology divisions. Listed as an ITA Nordic customer and partner in the Daponet digital product passport project; comparable as a customer/ecosystem participant rather than direct competitor.
Direct peers
- Note AB: Swedish EMS contract manufacturer producing electronics and precision-mechanical products on a B2B basis. Comparable as a Nordic contract manufacturing peer with similar customer-base profile (industrial product OEMs), though more focused on electronics than metal-cutting.
- Scanfil Oyj: Finnish-listed contract manufacturer (formerly Sievi-Konepaja lineage) operating globally with electronics and mechanical assembly capabilities. Comparable as a Finnish-headquartered contract manufacturing peer with similar industrial OEM customer focus.
- AQ Group AB: Swedish-listed contract manufacturer with operations in Sweden, Bulgaria, China, and India, producing machined components, sheet metal, and assemblies for industrial customers. Comparable as a Nordic-headquartered contract manufacturing peer serving industrial OEMs with similar product categories.
- Inission AB: Nordic contract manufacturer listed on Nasdaq First North, offering machining, sheet metal, and assembly services to industrial customers. Comparable as a direct peer in Nordic B2B contract manufacturing with overlapping end markets in machinery and equipment OEMs.
- Hanza Holding AB: Swedish-based industrial contract manufacturer providing CNC machining, sheet metal, and assembly services across the Nordics and Central Europe. Closely comparable in business model (B2B contract manufacturing for industrial OEMs), customer base (machinery and equipment manufacturers), and geographic footprint.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
ITA Nordic social profiles
Digital presenceITA Nordic compliance and trust
Trust signalCompliance12 records
ITA Nordic financial estimates
Financial estimateRevenue estimate
Valuation estimate
ITA Nordic leadership team
Management profileNumber of profiles
Profiles6 records
ITA Nordic subsidiaries and ownership
Company hierarchySubsidiaries3 records
ITA Nordic funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
ITA Nordic M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about ITA Nordic
What does ITA Nordic do?
ITA Nordic is a Finnish industrial contract manufacturer specializing in CNC machining of technically demanding precision components and fasteners for machinery and equipment manufacturers. The company operates a 60-machine CNC fleet across four Finnish production facilities and delivers a one-stop-shop offering that combines precision machining, sub-assembly, and stock-controlled warehousing with short lead times.
Is ITA Nordic a public or private company?
ITA Nordic is a private company. It is classified as family owned and is currently operating.
When was ITA Nordic founded?
ITA Nordic was founded in 1980. It employs 11 to 50 people.
Where is ITA Nordic based?
ITA Nordic is headquartered in Kuru, Finland, in the Europe region.
How does ITA Nordic make money?
Three revenue lines are on record. Contract manufacturing of machined components are the primary driver. The others are assembly services and warehousing and stock-controlled production.
Who are ITA Nordic's main competitors?
Etteplan Oyj is listed as a broad incumbent. Others are Metso Corporation and Sandvik AB. Direct peers are Note AB, Scanfil Oyj, AQ Group AB, Inission AB and Hanza Holding AB.
Does ITA Nordic have an API?
No public API is recorded for ITA Nordic.