The story
The company was established in 1985 when the Finnish engineering firm Rautaruukki started manufacturing freight wagons in Otanmäki and Taivalkoski. In 1991 the railway rolling stock works of Valmet (in Tampere), which specialized in the manufacture of carriages and locomotives, was merged with Transtech. In 1998 Rautaruukki sold the Taivalkoski factory to Telatek Oy, retaining the Otanmäki plant.
In June 1999 Rautaruukki sold Transtech to Patentes Talgo SA of Spain, but was subsequently sold to the Finnish group Pritech Oy in March 2007. During the period of Spanish ownership, the company was known as Talgo Oy, but has reverted to its previous name. In August 2015 Škoda Transportation bought a 75% stake in the company, purchasing the remaining 25% in May 2018 and rebranding it Škoda Transtech in October 2018.
From Wikipedia’s article on Škoda Transtech, shared under CC BY-SA 4.0.5