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 government initiatives to promote sustainability in building practices. This shift is creating extensive market opportunities for firms engaged in innovative material production, particularly amidst global efforts to reduce waste and carbon footprints.

In recent years, Finland has seen a surge in investments aimed at developing sustainable technologies, including materials such as foam glass. This aligns with the country's broader commitment to achieving carbon neutrality by 2035. As a result, the industry is witnessing the influx of both domestic and international players eager to capitalize on this trend, promoting healthy competition and technological advancement.

The market outlook for foam glass in the region is robust, driven by domestic construction projects and export opportunities. Companies in this sector are actively developing new applications for foam glass in various industries, including construction, insulation, and packaging, broadening the scope for revenue generation.

Rationale Behind the Deal

The acquisition of Foamit Group represents a strategic move for Partnera Oyj, enabling them to strengthen their position in the sustainable materials market. By consolidating their ownership of Foamit Group, Partnera can directly influence the strategic direction of the company and expedite its growth initiatives across the Nordic region.

This investment aligns well with Partnera's overall mission of promoting sustainable development through its portfolio companies. By facilitating significant advances in Foamit Group’s production capabilities and market reach, Partnera is positioning both itself and the target for sustained long-term growth.

Investor Information

Partnera Oyj is an international business corporation listed on the Nasdaq First North Growth Market Finland. The company is committed to fostering sustainable development through strategic investments in its subsidiaries. Partnera operates in a diverse range of industries, focusing on innovation and growth while adhering to sustainable practices.

With a strong management team and a robust financial foundation, Partnera is well-equipped to support Foamit Group’s ambitious goals, leveraging its expertise and resources to maximize the potential of its new ownership stake. The company's dedication to environmental responsibility positions it as a forward-thinking leader in the business community.

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The acquisition of Jarkir Oy's stake in Foamit Group could be characterized as a strategic and beneficial investment for Partnera. With the growing demand for eco-friendly materials, Foamit Group is poised to tap into lucrative markets in the Nordic region, further enhancing its revenue potential. Partnera’s full ownership will allow for streamlined decision-making to accelerate Foamit Group’s growth trajectory.

Moreover, the ambitious financial targets set by Foamit Group indicate a strong business model that aligns with global sustainability trends. The increasing focus on green building materials suggests that this investment is likely to yield favorable returns, provided that Foamit Group successfully executes its growth plans.

However, the company will need to navigate competitive pressures and remain innovative in its offering. As the foam glass market continues to evolve, Foamit Group must adapt and invest in research and development to maintain its competitive advantage. Given these considerations, this acquisition has the potential to substantially contribute to Partnera’s portfolio in the sustainable materials sector.

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