Transaction concluded between Are and Lemminkäinen
Are Group and Lemminkäinen Corporation have today concluded a transaction in which the entire share capital of Lemminkäinen Talotekniikka Oy was acquired by Are.
The contract was signed on 14 May 2014, and was approved by the Finnish Competition and Consumer Authority on 3 June 2014. As a result, the entire personnel of Lemminkäinen Talotekniikka have been transferred to Are Group.
Heikki Pesu will continue as the President and CEO of Are Group.
“We are extremely pleased to have the chance to develop a new, stronger Are. As energy saving requirements become stricter and the volume of renovation services increases, we believe that the building services and property maintenance market will continue to grow. With this acquisition our personnel strength will more than double and we will be able to deliver larger and more demanding projects for our customers. In addition to offering the sector’s best technical solutions, we will become a true pioneer in our industry and the largest building services provider in Finland,” says Heikki Pesu.
For additional information, please contact:
Heikki Pesu, President and CEO, Are Group, tel. +358 40 300 5450