Nastarakennus Oy has become part of Puukoti Group Oy

Deal description:

Nastarakennus Oy has become part of Puukoti Group Oy after a carefully considered expansion plan. Puukoti Group Oy has acquired a majority stake in Nastarakennus Oy in a share transaction signed on April 25, 2022.

The previous owners Aki Heikkinen and Juha Niemelä will remain significant owners in the company.

In addition, the company will be given ownership for growth and key personnel.

Following the acquisition, the operations of both companies will continue as normal,

Nastarakennus Oy as part of the Puukoti Group. In both companies, this means the continuation of previous co-operation relationships, their development and further intensification, in addition to which new positions will be opened for new key personnel in both companies.

Through this cooperation, Puukoti Group achieves a significant foothold as a group in two key growth areas, the Helsinki Metropolitan Area and Oulu. In addition, the company is exploring expansion into key growth centers. The company already has an office in Pirkanmaa. Puukoti Group Oy and Nastarakennus Oy aim for a total turnover of EUR 70–90 million and an operating profit of EUR 8–10 million for 2023. The acquisition provides excellent support for the Group’s growth strategy and future development as a pioneer in growing, profitable and financially stable ecological construction of the future.

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