Finn-Power was originally formed in 1969 by founder and CEO, Jorma Lillbacka. Hydraulic hose crimping and cutting machines were the first products manufactured by the company under the trade name Finn-Power.
Each year Lillbacka Powerco Oy manufactures thousands of portable, benchtop and production model crimping machines, as well as hose cutting and nut crimping machines. Approximately 95% of Powerco's production is exported through an international distributor network to more than 60 countries from the company's factory in Finland.
1969 Subcontracting company founded by Mr. Jorma Lillbacka. 1973 The first Finn-Power crimping machines. 1976 Electric crimping diameter control. 1977 Automatic die change, P40 turret crimper. 1979 Automatic hose cutter. 1980
Global market leadership in crimping technology.
Finnish President's Award for Export Achievements.
1985 Graphic dialog programming for punch press CNC controls.
Nut crimper NC20.
1990 New crimping machine FP160 for couplings up to 6".
Digital microprocessor control for crimping machines.
1993 P21 and P90 crimping machines. 1994 Lillbacka Corporation (sheet metal working technology) and Lillbacka.
Powerco Oy (crimping technology) become independent corporate entities.
1995 Graphic controls for crimping machines.
Portable service crimper P16 HP.
1997 Nut crimper NC30. 1998 FP140 crimping machine for hydraulic hoses up to 2 1/2". 1999 CC22 crimping machine for non-hydraulic hoses.
P51 crimping machine for hydraulic hoses up to 2 1/2".
2000 Side feed crimping machine SP350.
Lillbacka Powerco's new manufacturing facilities.
2001 FP170 crimping machine for hose assemblies up to 10". 2002 TC32 turret crimper.
Totally renewed service machine line: P16HP, P16AP, P20HP, P20AP.
Mr. Jorma Lillbacka sells Lillbacka Corporation (sheet metal technology).
2003 The strongest side feed crimping machine in the market SP1200.
Watchman crimping analysis control system and P1 pressure control.
2004 G1 automatig greasing system.
FP145 crimping machine for crimping long ferrules.
ERF70 expansion-reduction former represents new FP technology for tube forming.
2005 New models: SP100 side feed crimping machine and P60 crimping machine.
Finn-Power Service line is enhanced with two new models: P20X and P32X