Consti has acquired pipeline renovation specialist Oulun Talosaneeraus Oy

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Consti Group Plc has acquired Oulun Talosaneeraus Oy in a transaction implemented on 31 January 2017. Oulun Talosaneeraus was established in 2006 and specialises in pipeline renovations. The transaction constitutes Consti’s 20th corporate acquisition or asset deal, and it reinforces the company’s technical building services unit.

Oulun Talosaneeraus Oy operates in the Oulu region in northern Finland and has gained a strong foothold in the area during its ten years of operation. In 2016, the company had a turnover of approximately EUR 8 million. It employs close to 30 professionals.

“Consti wants to strengthen its position in the Oulu region. This transaction makes us a more prominent provider of renovation services in the area,” says Marko Holopainen, CEO of Consti Group Plc, explaining the background of the deal.

“We are constantly mapping potential companies that could help us achieve growth in accordance with our strategy. This acquisition is our 20th transaction since Consti was founded in 2008.”

In the deal, all of the Oulun Talosaneeraus employees will transfer to Consti, as will its current customers. All existing contracts will continue under current terms.

Oulun Talosaneeraus has been led by Managing Director Pasi Koskela and Business Director Heikki Laakkonen.

“We have had several good years, and our turnover continued to develop positively last year. However, we want to achieve more growth and further improve our operations. This deal with Consti provided a great and natural opportunity for that,” Koskela says.

For further information, please contact:

Consti Group Plc

CEO Marko Holopainen, tel. +358 400 458 158, marko.holopainen@consti.fi

Oulun Talosaneeraus Oy

Managing Director Pasi Koskela, tel. + 358 40 831 2722, pasi.koskela@talosaneeraus.fi
Business Director Heikki Laakkonen, tel. +358 50 371 8942, heikki.laakkonen@talosaneeraus.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 company operates in three business areas: Technical Building Services, Building Facades and Renovation Contracting. In 2015, the Consti Group had a turnover of EUR 256 million, and it employs more than 900 renovation and building technology professionals. Consti Group Plc is listed on Nasdaq Helsinki Ltd with the ticker symbol CONSTI.

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