Selekta acquired a majority stake in Varsinais-Suomen Apuvoima Oy

Deal description:

Selekta Varsinais-Suomi, part of the Selekta Group, has acquired 85 percent of the shares in Varsinais-Suomen Apuvoima.

Varsinais-Suomen Apuvoima hires personnel especially in the industries of industry, services, logistics and construction. Matti Holmaranta, who has worked as an entrepreneur and CEO, will continue to work for the company as regional director and personal shareholder.

The company operates in the region of Southwest Finland and had an average of 200 employees last year. Last year, the company’s turnover was about six million euros, an increase of about 50 percent from the previous year.

Selekta is a nationwide company specializing in construction and industrial staffing. With the deal, it aims for a stronger foothold in the province.

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