Consti Yhtiöt has acquired PutkiReformi Oy to enhance its service offerings in the Finnish construction sector, enabling faster and more efficient pipe and sewer renovations.

Information on the Target

Consti Yhtiöt, a leading renovation construction company in Finland, has acquired PutkiReformi Oy, a national expert in pipe and sewer reconstruction. Following this acquisition, Consti Yhtiöt's pro forma revenue is expected to reach approximately €150 million annually, with a workforce growing to around 700 employees. Notably, the revenue for the Consti Talotekniikka division will exceed €60 million, alongside other segments, including renovation contracting and façade renovation.

PutkiReformi has developed innovative solutions for pipe and sewer renovations, allowing for faster execution compared to traditional methods. The company has successfully modernized the piping in over 7,000 residential units across Finland. Back in 2009, PutkiReformi had a revenue of about €10 million and a workforce of around 70 people.

Industry Overview in Finland

The renovation and construction industry in Finland has been witnessing a significant transformation, driven by a growing need for modernization and efficiency in building services. The