In a significant move for Finnish holding company Panostaja Oyj, it was announced on June 12, 2007, that the company has signed a letter of intent to acquire local Lahden Lampokasittely Oy and Heatmasters Oy, both active in the heat treatment of metals, for a total of 3.1 million euros ($4.1 million). This strategic acquisition reflects Panostaja Oyj's commitment to diversifying its portfolio and expanding its presence in the metal treatment industry.