Takoma jumps after a multi-year Rolls Royce deal

Finnish engineering company Takoma (OMXH: TAM1V) hasn’t been performing to expectations last few years. Its stock market price has languished accordingly. Today long-term shareholders were rewarded as the stock more than doubled following a five-year supply agreement with Rolls-Royce( LSE: RR) with a total value of some 50 million Euros. The order is particularly important for Takoma Gears Parkano, providing sufficient amount of work to support operations and seek ways to profit further. Major owner Panostaja (OMXH: PNA1V) also bagged a nice return.