Ekokuljetus JNH Oy and Itä-Suomen Murskauskeskus Oy (“ISMK”) merge. With the arrangement, Ekokuljetus Group’s business area will expand geographically to Eastern Finland. The aim is to continue to develop high-quality environmental services.
As a result of the arrangement implemented on 30 June 2021, ISMK will become part of the Ekokuljetus Group. Eco-transport and ISMK work on the recycling of the same waste-based secondary raw materials. With the arrangement, Eco-Transport has the ability to be responsible for comprehensive environmental services, from transport to the utilization of materials in an even wider geographical area. With the merger, the importance of waste stream treatment operations as an eco-transport as the Group’s core business area will be strengthened.
Petri Niemelä, CEO of Eco-Transport, sees the implemented arrangement as a significant next step in Eco-Transport’s growth story.
‒The expanding geographical network and the capacity of ISMK to process waste-based recycled raw materials allow for an even better recycling and recovery rate. The benefits come from both the customers’ point of view and the environment.
Jukka Karttunen, President and CEO of Itä-Suomen Murskauskeskus Oy, will continue as a member of Ekokuljetus Group’s Management Team and a minority shareholder. Karttunen sees benefits in the merger.
-Businesses complement each other well. By combining the recycled raw material flows handled by Eco-Transport and ISMK, we are able to serve our material-utilizing customer base comprehensively. The resulting group will have strong resources to invest in the further processing capacity of recycled raw materials. The goal is to jointly build a nationally significant player around the recycling business. The merger will bring significant additional resources to the expansion plans.
The arrangement will take effect immediately. The Eco-Transport Group will continue to provide high-quality environmental services to its customers in an even wider geographical area with the help of an organization of about 70 people. The goal for the future is to continue strong growth and the development of the domestic circular economy.
Mergero Oy acted as advisor in the arrangement.
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