LTU-Urakointi Oy has acquired Fimcon Tasoitus ja maalaus Oy

LTU-Urakointi Oy has acquired Fimcon Tasoitus ja maalaus Oy

Metropolitan area based screeding and painting contractor LTU-Urakointi Oy has acquired the fast growing, particularly in South East Finland based Fimcon Tasoitus ja maalaus Oy. The merger of LTU-Urakointi and Fimcon formed the largest screeding and painting contracting company in Finland, with a turnover of approximately EUR 15 million and employing more than 200 people. The acquisition will further strengthen the position of LTU-Urakointi in the metropolitan area and expand the company's services into South-eastern Finland.

Reijo Järvinen, the owner of LTU-Urakointi Oy continues as a Managing Director of the Company. In addition, Fimcon’s former owners will continue in the Company's management. The Company intends to continue to expand its business as well as geographical area further, both organically and through acquisitions.

ProMan advised the Buyer throughout the whole buying process.

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Seller: 
Fimcon Tasoitus ja maalaus Oy
Industry: 
Construction and real estate services
Buyer: 
LTU-Urakointi Oy
Industry: 
Construction and real estate services

Metropolitan area based screeding and painting contractor LTU-Urakointi Oy has acquired the fast growing, particularly in South East Finland based Fimcon Tasoitus ja maalaus Oy. The merger of LTU-Urakointi and Fimcon formed the largest screeding and painting contracting company in Finland, with a turnover of approximately EUR 15 million and employing more than 200 people. The acquisition will further strengthen the position of LTU-Urakointi in the metropolitan area and expand the company's services into South-eastern Finland.

Reijo Järvinen, the owner of LTU-Urakointi Oy continues as a Managing Director of the Company. In addition, Fimcon’s former owners will continue in the Company's management. The Company intends to continue to expand its business as well as geographical area further, both organically and through acquisitions.

ProMan advised the Buyer throughout the whole buying process.