Finland regions

Green Landscaping Group’s roots grow stronger in Finland

November 1, 2022, 3:30 p.m. CET

Green Landscaping Group AB (pub) today acquired the Taimisto Huutokoski OY nursery with a turnover of approximately 3.5 million euros.

Taimisto Huutokoski is a family business founded in 1952 which is now run by the third generation. The company provides a full range of facilities with a customer base consisting of contracting companies and municipalities around Finland. The main objective is to deliver street trees where they stand out from the competition with high quality plants and a high level of service.

In recent years, the cities of Europe suffered the negative effects of the consequences of climate change in terms of poorer air quality and heat waves and floods. Asphalt, concrete and other building materials contribute to cities becoming “heat islands” relative to the countryside, and to poorer stormwater management and air quality. In order to counteract these negative effects, green outdoor spaces play a decisive role. In addition to green outdoor environments that help reduce urban heat islands and delay stormwater amounts, trees and other vegetation can act as carbon sinks and air purifiers of urban emissions. With the acquisition of Taimisto Huutokoski, Green landscaping group therefore takes an important step in adapting cities to the climate of today and tomorrow.

– We have been in dialogue with Taimisto Huutokoski for a long time and now the time has come to go all the way. In dialogue with the management of the company, we were particularly impressed by the business acumen of the management and their desire to ensure the long-term success of the company. Taimisto Huutokoski will fit very well into our Finnish business group, but will also be an exciting contribution as we now have the chance to learn more about the nursery industry in more detail, says Atle Roll – Matthiesenregional manager Finland, Green landscaping group.

– We run a company with a very long business horizon. What we plant today may not reach a customer for 10 years. Perseverance is therefore a key word in our profession, and after a long period of reflection, we have come up with a time horizon consistent with the Green landscaping groupthe motto of an “always green horizon”. Trees and shrubs in general and trees in particular are an essential element of urban construction and their importance will only increase with the years. As always, our starting point is to improve the offer for our customers and we believe that in our new family, we can learn even better from the customer perspective while bringing knowledge to our new colleagues,” says Arttu Haverinen, CEO of Taimisto. Huutokoski.

Green landscaping group acquires 100% of the shares of Taimisto Huutokoski with immediate effect. The acquisition is financed under existing credit facilities and through the transfer of shares.

The former owner of Taimisto Huutokoski OY is now a shareholder of AB Green Landscaping Group.

The information has been submitted for publication, through the contact persons, the November 1, 2022at 3:30 p.m. CET.

For more information :

Atle Roll – Matthiesenregional manager Finland, Green landscaping group
+47 909 00 112, [email protected]

Carl-Fredrik MeijerCFO & IR, AB Green Landscaping Group
+46 70 108 70 19, [email protected]

Green Landscaping Group AB (pub) works with outdoor environments and infrastructure. Through subsidiaries, we offer the most comprehensive portfolio of services on the market, aimed at making outdoor environments more sustainable and safer. Our business concept is to improve the customer’s outdoor environment by providing services focused on high customer value, long-term sustainability and quality. The Company has approximately 1,600 employees and its sales amount to approximately 3.2 billion Swedish crowns. The Company’s shares are listed on Nasdaq Stockholm with the ticker GREEN. For more information, visit www.glgroup.se.

Taimisto Huutokoski OY was founded in 1952. The company sells trees and shrubs and achieves a turnover of approximately 3.5 million euros and employs 30 people. For more information, visit www.huutokoski.fi

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