Installco expands its geographical presence by acquiring a company in Kuopio, located in the center-south Finland. The company that Installco will acquire, Kuopion LVI-Talo Oyoffers heating, plumbing and air conditioning solutions.
Kuopion LVI-Talo was founded in 2015 and serves customers in and around the city of Kuopio, located in the region of Finland called North Savo. The company has about thirty employees and for the 2020-2021 fiscal year, sales were approximately 65 million Swedish crowns.
Installco previously focused its activity on the helsinki region, but is now expanding its geographical presence to other parts of Finland.
“With the acquisition of Kuopion LVI-Talo, we are entering an exciting new market in Finland, where we were not represented before. Kuopio and its surroundings are developing and it is strategically important to Installco. Kuopion LVI-Talo has a very strong local position in the market and this acquisition marks our further expansion into other parts of the Finland,” said Tero ViinikkaBusiness Area Manager for Instalco Finland, responsible for heating, plumbing and ventilation.
Kuopion LVI-Talo specializes in heating, plumbing and air conditioning projects and primarily performs contracting and maintenance services for new production, conversion and commercial construction. The company’s main customers are landowners and construction companies.
“We look forward to being part of Installco and all the opportunities it offers with others Installco companies in Finland. We want to be part of the help Installco grow in the area around Kuopio,” says Jarno HolopainenCEO of Kuopion LVI-Talo.
One of Installco priorities is to develop the Other Nordics segment. Instalco Finland currently consists of 16 subsidiaries working with the installation and service of electricity, heating and plumbing, ventilation, irrigation, automation, cooling and industrial solutions.
Installco will acquire 100% of the shares of Kuopion LVI-Talo Oy from June 14.
For more information
Frederick Trahnboss of IR and communicationstelephone +46 70 913 67 96, e-mail [email protected]
Installco is one of the leading installation companies in the Nordic region, active in the fields of heating, plumbing, electrical, cooling, technical consulting and industrial solutions. We offer project planning, design, installation, service and maintenance of systems installed in properties and facilities across Sweden, Norway and Finland. Operations are carried out by around 115 leading and highly specialized local companies, with the support of a small central organisation. Installco is listed on Nasdaq Stockholm under the symbol INSTAL. For more information, visit www.instalco.se
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