May 15, 2023
Translink Corporate Finance Finland acted as the exclusive advisor to the shareholders of Pohjanväre Yhtiöt on the sale to Renta Group, a portfolio company of IK Partners. Renta Group Oy (“Renta Group” or “Renta”) is strengthening its position in Finland through the acquisition of Espoon Nosturikeskus Oy Pohjanväre and Espoon Rakennuskonevuokraamo Oy as well as the operative assets of Lohjan Nosturipalvelu Oy (collectively “Pohjanväre”).
Pohjanväre is a Finnish rental company focusing on lifts and material handling equipment. Through Espoon Rakennuskonevuokraamo, the company is also engaged in general rental operations. The transaction further strengthens Renta’s position in the capital region and extends Renta’s presence in southern Finland.
Pohjanväre Yhtiöt has a well-known brand and a reputation of providing high-quality services. Operationally, Pohjanväre is a great match to Renta thanks to its local and customer centric business model and complimentary geographic presence. Pohjanväre will continue to serve its customers with the same local approach and high-quality services as before, while further benefitting from implementing Renta’s cutting edge digital solutions.
“Pohjanväre has a long history in the industry and is well-known for its high-quality services. We are very pleased to join forces with a profitable company that shares our aspiration to provide excellent customer service locally. The acquisition further strengthens our position in the capital region and provides us with a good foundation for continued growth in southern Finland,” said Kari Aulasmaa, CEO of Renta Group.
“We are happy to partner with Renta, a company that has a genuine interest in the continued development and growth of our business. By joining forces with Renta we will get access to greater resources, a broader product offering and Renta’s digital solutions. We are convinced that Renta will provide a good home for our employees and that we will be able to further develop our services towards our customers as part of Renta,” concluded Jari and Antti Pohjanväre, owners of Pohjanväre.
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Translink Corporate Finance is an independent partnership of firms dedicated to Corporate Finance and M&A advisory services through over 35 offices in the key markets in Europe, North and South America, Asia, Australia, and Africa. Translink has been successful in advising clients on thousands of transactions since its founding in 1972 and Translink offices have acted as advisers in over 100 M&A projects during the last twelve months.
Translink Corporate Finance Finland, based in Helsinki, is one of the leading M&A boutiques in the Finnish market. Since its foundation more than 15 years ago, their partners completed more than 100 M&A transactions in different industries working closely together with business partners and industry players, both locally and internationally. In addition, Translink Finland is a Certified Adviser on NASDAQ OMX First North.