Deal description:
SORVI FINLAND OY has on 10.11.2022 acquired the entire share capital of Lajupek Oy.
Lajupek Oy has been operating since 1972 as a producer, craftsman and innovator in fine mechanics service. The company has a turnover of 4.7 million euros and employs around 40 employees in Hyvinkää, Finland. Lajupek Oy is a trusted contract manufacturer and it is able to serve its customers even in special cases with the help of skilled personnel and its high-class cooperation network.
SORVI FINLAND OY is an industrial investment company, and it belongs to Kare Group Oy, which invests in real estate and private mid-market companies. The purpose of the completed transaction is to expand and strengthen Lajupek Oy’s strategic, administrative and corporate restructuring expertise through board work. With the new owner base, the company is aiming for strong growth. The company’s goal is to expand its operations through organic growth and acquisitions.
Jarmo Keto starts as chairman of the board of Lajupek Oy.
As part of the arrangement, Juha Jalkanen will retire from the duties of CEO of Lajupek Oy. The new owners thank him for the diverse services over the decades. Production director Ismo Lahti will continue in the company and his role will be emphasized and strengthened in the future, while day-to-day operations will remain largely unchanged. “Up until now, Lajupek Oy has acted as a reliable contract partner for major Finnish industrial players by investing heavily in customer service with its own resources. Now is a natural moment to start the implementation of Lajupek Oy’s next stage growth plan with the support of SORVI FINLAND OY. The company’s operations will continue to be based on customer focus, but with broader shoulders, we will be able to serve our customers more comprehensively in the future. We are proud to be able to take Lajupek Oy towards the next phase of growth together with the personnel who have done a great job”, sums up Jarmo Keto.
Mergero acted as the sell side advisor on the transaction.