Information on the Target

Raksystems Group, a prominent player in Finland's radon sector, has announced the acquisition of the entire share capital of Suomen Radonhallinta Oy, a nationwide provider of radon measurement and consulting services. This company is recognized as Finland's largest entity in the radon field and works closely with radiation safety authorities. The transaction is set to be finalized in December 2020.

Founded in 2013, Suomen Radonhallinta Oy is equipped with extensive experience catering to housing companies, large property owners, and individual consumers. The company offers a wide range of services, including proactive radon measurements for risk monitoring, statutory radon assessments for workplaces, mines, and public areas, as well as soil radon measurements and radon risk area mapping. They also conduct radon measurements for consumer and housing company clients, servicing thousands of properties annually with around twenty thousand individual assessments each year.

Industry Overview in Finland

The radon industry in Finland is vital due to the country’s geological characteristics, where natural radon emissions are prevalent. This has led to increased awareness and regulation of radon exposure risks, particularly in residential and occupational settings. Authorities enforce stringent radon measurement legislation, compelling property owners to monitor radon levels actively.

Finland's dedication to public health is evident through various initiatives and educational campaigns aimed at raising awareness about radon and its associated risks. With rising attention towards environmental health, radon measurement services have gained traction among both residential clients and commercial entities. The demand for expertise in radon risk management is expanding as people become more concerned about indoor air quality.

The industry’s growth potential is significant, supported by the regulatory landscape that obligates radon testing in many settings. As awareness around health and safety continues to grow, radon management services are becoming increasingly relevant. This positions companies like Suomen Radonhallinta Oy to experience sustained growth and increased service demand.

The Rationale Behind the Deal

The acquisition is expected to enhance Raksystems Group's service portfolio, integrating radon risk management into their existing wellness-centric offerings. This alignment will not only benefit Raksystems’ clientele by offering comprehensive services but also address critical environmental health issues surrounding radon exposure.

Raksystems Group anticipates that the acquisition will lead to significant synergies and an opportunity to expand its service offerings to current clients, while also attracting new customers seeking expertise in property and user health solutions.

Information About the Investor

Raksystems Group is a leading wellness expert for properties in the Nordic region, providing a wide variety of services focused on improving the health of buildings and their occupants. With a mission to uphold property integrity, the company emphasizes sustainable practices, actively promoting choices that mitigate environmental impacts.

Established in 1989, Raksystems employs around 450 professionals across Finland and Sweden. The firm operates in domains such as green construction, property assessments, inspections, certifications, as well as project management, oversight, and planning services. The company’s commitment to responsible property management plays a key role in their strategic growth and community health efforts.

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The acquisition of Suomen Radonhallinta Oy by Raksystems Group is anticipated to be a strategic and beneficial investment. The increasing awareness and regulatory demands surrounding radon present a conducive environment for growth in this sector, and Raksystems’ expertise can enhance the overall service quality offered to clients.

Moreover, the integration of radon services aligns seamlessly with Raksystems’ broader health and sustainability objectives, strengthening their position in the market. This could lead to an increased client base and expanded project opportunities based on the heightened focus on environmental health.

Ultimately, the fusion of two reputable entities within the industry bolsters Raksystems Group's opportunity to become a comprehensive service provider for property wellness in Finland and potentially in other regions. Overall, this investment reflects a proactive approach to addressing significant health concerns associated with radon exposure.

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