LapWall acquires the business of Termater, which manufactures timber-framed roof elements

Deal description:

Termater designs, manufactures and installs multi-deck roof elements for the needs of industry, commercial construction, schools, sports facilities and agriculture. The product range includes e.g. LOISTO wooden roof element (the ceiling is a vapor-tight polyester-coated steel sheet), which is ideal for sites that require a high level of hygiene and moisture resistance. Termater Oy’s turnover in 2021 was approximately EUR 13 million.

LapWall has rapidly grown into Finland’s largest manufacturer of wooden elements. The agreed business acquisition is a significant strategic step for the expansion of the LapWall LEKO® wood product range, the company’s future growth and the development of the wood construction ecosystem.

“LapWall has been working hard for more than 10 years to develop the entire industry. The business acquisition will enable the company to grow even faster in the wood prefabricated construction sector. As a result of the business acquisition, LapWall’s product range will be further expanded with, among other things, a steel sheet-faced roof element. I am extremely satisfied with the agreed business acquisition and I would like to welcome Termater’s staff to LapWall’s growing team, ”says Jarmo Pekkarinen, President and CEO of LapWall Oy.

The LapWall LEKO® wood elementation system enables cost-effective elementation of demanding and larger objects. Ecology, environmental requirements, moisture management and increased quality standards are accelerating the growth in the use of wood elements in construction.

LapWall’s timber-framed wall and ceiling elements have official RTS EPD environmental statements issued by the Building Information Foundation RTS sr from 2020 onwards. They reliably communicate the environmental impact of products to builders, designers and construction companies.

The LEKO® wood elementation system utilizes LapWall’s superior expertise. It consists of a standardized product range, 3D CAD / CAM design utilizing modern software and software robotics, automated component manufacturing and element assembly, and a standardized installation concept.

Mergero acted as the sell-side advisor on the deal.