Boreo's Muottikolmio Oy has acquired Lamox Oy to enhance its product offerings and strengthen its position in the Finnish renovation construction market.
Target Information
Boreo's subsidiary, Muottikolmio Oy, has successfully acquired the entire share capital of Lamox Oy from Malum Oy as of March 3, 2023. This strategic acquisition includes Lamox, which has been a long-term supplier of patented Termotuote products to Muottikolmio, thus enhancing its portfolio and operational capabilities.
Established in 2013, Lamox specializes in manufacturing patented Termotuote products aimed at hidden base repair solutions. Over the years, the company has established a formidable reputation among construction firms and builders. Based in Alajärvi, Finland, Lamox generated approximately EUR 0.6 million in revenue and an EBITDA of around EUR 0.1 million in the fiscal year 2022.
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Industry Overview in Finland
The renovation construction industry in Finland is experiencing significant growth, driven primarily by an increasing focus on sustainability and energy efficiency. Companies are innovating
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Muottikolmio Oy
invested in
Lamox Oy
in 2023
in a Buy & Build / Roll-Up deal
Disclosed details
Revenue: $1M
EBITDA: $0M