Evli Private Capital has made a significant minority investment of six million euros in the Finnish company Comadev Oy, which specializes in diamond drilling contracting services, to accelerate its growth in the Nordic and international markets.

Information on the Target

Comadev Oy is a rapidly growing company based in Rovaniemi, Finland, specializing in diamond drilling contracting services across the Nordic region. The company provides rock sample extraction for mining and exploration companies, using advanced drilling equipment they have developed. These samples, which can be obtained from both surface and underground sites, are crucial for geological analysis, exploration of valuable minerals, and geotechnical research.

Given its innovative approaches and commitment to high-quality service, Comadev has positioned itself as a key player in the Nordic drilling industry. The company's focus on diamond drilling not only showcases its technical expertise but also highlights its capability to meet the stringent demands of the mining sector.

Industry Overview in Finland

The mining and exploration industry in Finland has witnessed significant growth in recent years, driven by an increase in demand for essential minerals and revitalized international interes