A group consisting of key personnel and external management professionals has acquired Louhintahiekka Oy, infrastructure construction company specialising in complex and demanding infrastructure and civil engineering work. The acquirers have an extensive experience in the industry as well as in management and business development. Louhintahiekka was sold by its CEO Mika Jokela and his family.
Founded in 1974, Louhintahiekka Oy is one of the leading infrastructure construction companies in Finland, specialising in complex and demanding projects. It offers a wide range of services such as earth and rock engineering, road construction, foundation and concrete construction and industrial construction services.
Louhintahiekka is a well-known and respected company in the infrastructure construction sector and has skilled personnel and excellent references. It has a sound financial position, its equipment is in a great condition and the order book is strong. We see a significant potential to further develop the business and continue Louhintahiekka’s journey into the next decade, says Aapo Lahtinen, who will be the CEO of Louhintahiekka.
We wanted to find good successors for our company who understand the business and industry. It was important to find a long-term and committed owner who respects Louhintahiekka’s long history and traditions, says outgoing owner and CEO Mika Jokela.
Louhintahiekka's revenue exceeded 100 million € and EBITDA one million € in the last financial year (ended 31 May 2023). The company's strong balance sheet and the stable economic outlook for infrastructure construction are an excellent foundation for business development and continued growth.
We aim to be a profitable and growing infrastructure construction company specialising in demanding work. We will invest in growth in line with long-term trends and continue to be involved in building significant projects in Finland. We aim to be an attractive and safe employer for our employees and a reliable, flexible and professional partner for our customers, continues Lahtinen.
Aapo Lahtinen was previously the deputy CEO and Chairman of the Board of Louhintahiekka. In addition to Lahtinen, the acquirers include Louhintahiekka's project managers Mikko Korhonen, Jani Pullikka and Aleksi Vipusaari as well as management professionals Mikko Matero and Juhana Vuojala. Pirkka Partanen acted as an investor in the transaction through his companies and joins the board of directors.
Matero has more than ten years of experience as a CFO in large organizations such as Gigantti and Suomen Asuntoneuvojat. Vuojala, who starts as the Chief Strategy Officer, has an extensive international career in M&A, financing and business development.
Louhintahiekka has a strong market position in the infrastructure construction industry and has been involved in significant projects, such as the expansion of Helsinki-Vantaa Airport, renovation of the Helsinki Olympic Stadium, as well as the construction of Metsä Group's bioproduct factory in Kemi and Helen’s bioheat power plant in Helsinki.
