Habeo Group has acquired Paretec Oy, expanding its capabilities in building installation services across Finland.
Information on the Target
Paretec Oy, a leading expert in building installation services, specializes in electrical, security systems, and building automation projects along with maintenance services across southern, northern, and eastern Finland. The company employs approximately 150 skilled professionals and reported revenues exceeding €22 million in 2023.
Under the leadership of CEO Tuomas Ivakko, Paretec Oy aims to leverage its integration into Habeo Group to enhance operational capabilities and expand its service offerings. Ivakko stated, "Joining Habeo Group opens up new opportunities for us to develop and grow our operations even more successfully. By combining our expertise with that of the entire group, we possess unique capabilities to serve our customers better than before."
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Industry Overview in Finland
The building installation services industry in Finland has been experiencing steady growth, driven by increased demand for advanced infrastructure and smart building
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in a Other deal
Disclosed details
Revenue: $24M