Consti acquires Eleta Talotekniikka

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Consti Group Plc is to acquire Eleta Talotekniikka Oy, a company specialising in building automation services. The deal will further enhance Consti’s strong expertise in technical building services in the Helsinki Metropolitan Area and support the company’s drive to increase its maintenance and energy know-how.

Established in 1987, Eleta Talotekniikka Oy is a Finnish company specialising in technical building services. The company is based in Espoo, and its annual turnover is approximately EUR 2 million. In the deal, all Eleta employees will transfer to Consti.

The acquisition supports Consti’s strategic growth objective.

“We aim to achieve organic growth and growth through acquisitions. This deal significantly strengthens our building automation expertise. From now on, we will for example be able to provide a more comprehensive range of energy management services,” says Marko Holopainen, CEO at Consti Group Plc.

“Eleta will get a great new owner and become a part of an esteemed expert organisation. We are very pleased with the deal because it enables us to provide our customers with improved services,” says Pasi Elolampi from Eleta.
Consti Group’s long-term growth objective is to increase its turnover by 10 per cent. Consti Building Services Ltd., one of the Group’s business units, plays a key role in the growth strategy.

Eleta’s customers will be transferred to Consti, and existing contracts will continue under current terms.

“Our new clients and employees will immediately have full access to our expertise. Our development activities and the novel solutions we offer our clients and stakeholders are highly esteemed in the field,” Marko Holopainen adds.

Consti Building Services Ltd. was named the 2015 HVAC Contractor of the Year in Finland.

For further information, please contact:
Mr Marko Holopainen, CEO, Consti Group Plc, tel. +358 400 458 158, marko.holopainen@consti.fi
Mr Pasi Elolampi, Managing Director, Eleta Talotekniikka Oy, tel. +358 400 963 778, pasi.elolampi@eleta.fi

Consti Group Plc is one of Finland’s leading companies specialising in renovation and technical building services. Consti offers a comprehensive range of services covering technical building services, pipeline renovations, renovation contracting, building facade renovations, and other construction and maintenance services for demanding residential and non-residential properties. The Group operates in three business areas: Technical Building Services, Building Facades and Renovation Contracting. In 2014, Consti Group had a turnover of EUR 216 million, and it employs over 900 renovation and building technology professionals. Consti Group Plc is listed on Nasdaq Helsinki Ltd with the ticker symbol CONSTI. www.consti.fi

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