Partnera Oyj has acquired 100 percent ownership of Foamit Group by purchasing Jarkir Oy's share in the company, signaling a commitment to strengthening its position in the sustainable materials market.

Target Information

Partnera Oyj has recently acquired a shareholding in Foamit Group Oy from Jarkir Oy, increasing its ownership stake to 100 percent. The transaction, completed on June 18, 2025, involved the purchase of approximately 0.8 percent of Foamit Group's shares for a cash consideration of approximately €300,000. This acquisition positions Partnera as the sole owner of Foamit Group, allowing for strategic control and management of the company’s operations.

Foamit Group is focused on investing strongly in foam glass production across Finland, Sweden, and Norway. Their ambitious goal is to achieve a revenue target of €100 million and maintain an EBITDA margin exceeding 20 percent by the end of 2028. This strategic focus places Foamit Group as a significant player in the sustainable materials sector in the Nordic region.

Industry Overview in Finland

The foam glass industry in Finland is gaining traction as companies pivot towards sustainable materials due to growing environmental concerns and regulatory pressures. The demand for eco-friendly construction materials is on the rise, fueled by gov