Infratek acquires Pohjolan Werkonrakennus
Infratek, the leading entrepreneur on the central grid market in Finland, today completed the acquisition of Pohjolan Werkonrakennus, a leading service provision company on the distribution grid market. With strong positioning across the Finnish electrical grid market, Triton-owned Infratek is now looking for a new Finnish Manager to lead the new company towards the future.
- We believe that Infratek and PWR will be a very strong combination. With this acquisition, we can provide high quality services to our customers across the electrical grid market in Finland. To support our high ambitions, we are now looking to hire a Division Manager to drive the Finnish development, says Lars Bangen, CEO of Infratek.
The two companies had combined revenues of some 40 million Euros in 2014 with key customers including Fingrid, Elenia Verkko, Caruna, Savon Voima Verkko, E.ON and many more.
- Infratek is a highly competent owner of PWR and together we will continue to develop the business. I am confident that the combination will be beneficial to our employees, customers and partners, says Antero Vehkala, CEO and part-owner of PWR.
Infratek is acquiring all outstanding shares and the transaction is closing today.
About Pohjolan Werkonrakennus
Pohjolan Werkonrakennus was established in 2006 and operates across the middle part of Finland. The acquired company has some 150 employees and had a turnover of EUR 18 million during its last financial year. Through the acquisition, Infratek strengthens its position within the distribution grid market in Finland. See more at www.pwk.fi
Infratek is the leading entrepreneur on the electrical grid markets in the Nordics, and has an especially strong foothold on the distribution grid market in Norway and Sweden and the central grid market in Finland. The group had turnover of some 280 million Euros in 2014 and EBIT of some 15 million. In Finland, revenues were some 25 million Euros. The biggest Finnish customer is Fingrid. Infratek is owned by Triton. See more at www.infratek.fi
For further information, please contact:
Lars Bangen, CEO Infratek. Phone: +47 23 12 88 00
Vibecke Skjolde, CFO Infratek. Phone: +47 23 12 88 00