Habeo Group has expanded its HVAC maintenance capabilities by acquiring Pasilan LVIS-Palvelut and Helsingin LVI-huolto, enhancing its presence in the Helsinki metropolitan area.

Target Information

The target of the recent acquisition is Pasilan LVIS-Palvelut, a prominent provider of HVAC (heating, ventilation, and air conditioning) services in Finland. Established to cater to a broad spectrum of clients, including housing cooperatives, commercial enterprises, and public sector organizations, Pasilan LVIS-Palvelut boasts a comprehensive suite of HEVAC contracting, maintenance, and service offerings. Alongside Helsingin LVI-huolto, which was also acquired, they currently serve the Helsinki metropolitan area and employ approximately 70 individuals while generating over €15 million in annual revenues.

Industry Overview

The HEVAC industry in Finland, particularly in the Uusimaa region, is experiencing significant growth driven by urbanization and increasing demand for energy-efficient solutions. This region, which encompasses the capital city of Helsinki, is at the forefront of innovation in building services, emphasizing sustainable practices and advanced technological integration in HVAC systems. As the population continues to rise and environmental considerations become paramount, companies providing HEVAC services are well-positioned to thrive.

In recent years, the Finnish government has implemented various initiatives aimed at promoting energy efficiency within the building sector. These measures not only support the environment but also stimulate econ