Novedo expands into Finland – acquires Uudenmaan Korjausrakentajat Oy with sales of just over SEK 100 million
Novedo Finland OpCo Oy, which is part of Novedo Holding AB (publ), has today signed an agreement to acquire Uudenmaan Korjausrakentajat Oy which operates in the Helsinki metropolitan area. The company has annual sales of just over SEK 100 million and good profitability. The acquisition is Novedo's first in the Finnish market.
Uudenmaan Korjausrakentajat Oy specialises in comprehensive facade renovation work, particularly facade plastering and painting. In addition to facade work, the company also carries out window renovations, balcony renovation work and roofing work. The company has a strong market position in the Helsinki region, where good underlying demand will support continued growth.
"The acquisition of Uudenmaan Korjausrakentajat Oy is a strategically important first establishment in the Finnish market. We are strengthening our existing position in the facade segment and creating interesting opportunities for collaboration within the Novedo Group. The owners have built up an impressive business, and I look forward to supporting their continued growth journey within Novedo”, says Per-Johan Dahlgren, President and CEO of Novedo.
The owners of Uudenmaan Korjausrakentajat Oy will continue to run the company.
"We are pleased to become part of Novedo and to continue growing and broadening our customer offering together. We also look forward to contributing to Novedo's establishment in Finland, " says CEO Pasi Tuominen.
Uudenmaan Korjausrakentajat Oy will be part of the Installation & Services segment. Closing is expected in Q3 2025.