Finnish companies get together with neighbours
Finnish roofing company LA-Kattohuolto has been acquired by Nordic Waterproofing, while Rauheat, a Finnish supplier of HVAC products for the construction industry, has been bought up by Swedish technology trading group OEM International.
Headquartered in Muurame, Central Finland, LA-Kattohuolto has operations in nine locations and annual sales of about 20 million Swedish krona.
“LA-Kattohuolto will strengthen our offering in locations where our Group has previously been less visible,” says Martin Ellis, CEO of Nordic Waterproofing. “In combination with our operations in KerabitPro and AL-Katot we will expand our current roofing and service and maintenance offering to professional customers in the corporate segment where the demand for roof services is growing.”
Meanwhile, Finnish supplier of heating, ventilation and air conditioning (HVAC) products for the construction industry, Rauheat, has been acquired by Swedish OEM International. Rauheat has an annual turnover of around five million euros.
“Rauheat offers energy-efficient HVAC products which are commonly known in the building and construction industry,” says Jörgen Zahlin, CEO of OEM International in a press release. “Rauheat will essentially add a brand new market segment to the group.”