Maalinja Oy and EPR-Asennus Oy to Join Lohkare Infra

The consolidation of the Finnish infrastructure construction market continues as Maalinja Oy and EPR-Asennus Oy become part of Lohkare Infra Oy. The transaction is subject to regulatory approval, which is expected to be completed later in 2025.

Founded in 1994, Maalinja is a construction group specialized in district heating and district cooling projects. The Group consists of the parent company Maalinja Oy, responsible for earthworks and street restoration, and its 90%-owned subsidiary EPR-Asennus Oy, which focuses on installation, welding, and insulation work.

As with previous acquisitions, the Maalinja Group companies will continue their operations independently and under their own names. The current owners will continue in their existing roles and will become shareholders in the Lohkare Infra Group. As part of Lohkare Infra, Maalinja and EPR-Asennus will be able to serve their customers with broader resources and enhanced delivery reliability.

Lohkare Infra Oy currently consists of VM Suomalainen Oy, Lännen Alituspalvelu Oy and Oteran Oy. (The acquisition of Oteran Oy is also subject to regulatory approval, which is expected later in 2025.)

Following the acquisition, the combined revenue of companies owned by Lohkare Infra will exceed EUR 200 million. In terms of revenue, Lohkare Infra ranks among the largest companies in its field in Finland and qualifies for the Talouselämä Top 500 list.

Lohkare aims to combine the expertise and experience of strong, reputable companies into an agile and competitive entity. The company operates with a unique, decentralized and entrepreneur-driven management model built around regionally or service-wise leading companies whose business models have proven sustainable and profitable through market cycles.

Lohkare’s leadership team consists of experienced professionals with strong track records in the construction and infrastructure sectors, and with extensive experience in leading entrepreneur-driven partnerships.

Jussi Niemelä was appointed CEO of Lohkare Infra Oy on August 18. Niemelä is known as an experienced builder of corporate growth and has previously served as CEO of Delete Group, Kotikatu Group, DEN Group and Oiva Isännöinti Group.

Valtteri Palin serves as Chief Financial Officer. He brings extensive financial management experience from the construction sector, having held senior finance roles at Lassila & Tikanoja, SRV and Skanska.

The Chairman of the Board is Hannu Leinonen, who has previously served as CEO of major infrastructure companies YIT and Destia, and has been a board member of SRV Group.

“Lohkare now has both the scale and the flexibility to respond quickly to the evolving needs of infrastructure construction. Our goal is to build new sustainable growth together, based on reliability and efficiency,” says CEO Jussi Niemelä.

Triton continues to actively invest in Nordic industry and infrastructure, aiming to build stronger companies for the market. Triton will support the growth of Lohkare Infra Oy both organically and through add-on acquisitions as part of its consolidation strategy.

Further Information

Jussi Niemelä, CEO, Lohkare Infra Oy
Tel. +358 400 462 696
Email: jussi.niemela@lohkare.fi

Triton

Founded in 1997 and owned by its partners, Triton is a leading European investment firm focusing on mid-market, sector-specific investments. The firm invests in companies providing mission-critical products and services in three core sectors: business services, industrial technology, and healthcare. Triton employs over 150 investment and business professionals across 11 offices in Europe.

Lohkare Infra Oy

Lohkare Infra Oy is one of the largest infrastructure construction companies in Finland, with pro forma revenue exceeding EUR 200 million and employing over 300 professionals.

Lohkare specializes in demanding infrastructure projects where delivery reliability, high quality and efficient project management are key success factors. Its extensive experience, top-tier expertise and flat organizational structure ensure decisions are made close to the customer – often directly at the worksite. This enables rapid responses, smooth cooperation and adherence to schedules.

VM Suomalainen Oy

Founded in 1980, VM Suomalainen Oy provides construction services primarily to public sector clients such as cities, municipal federations and public enterprises. Its core business consists of building transport and water infrastructure in the Helsinki and Uusimaa region. The company’s revenue in 2024 was EUR 87 million and it employs approximately 90 professionals.

Lännen Alituspalvelu Oy

Founded in 1988, Lännen Alituspalvelu Oy and its sister company Eesti Horisontaalpuur OÜ form the leading niche operator specializing in horizontal drilling. Founded and led by Pekka Vepsä, the companies operate in Finland, the Scandinavian countries, the Baltic region and wider Europe. Their combined revenue exceeded EUR 30 million (2024) and they employ 60 professionals.

Oteran Oy

Founded in 2009, Oteran Oy is an infrastructure project management company. It offers a wide range of services including bridge and road construction, municipal engineering, industrial and rail construction, water construction, and broadband and electrical network installations, delivered through a strong subcontracting network. Oteran also has a robust position in the defence sector. Its revenue was EUR 73 million (2024) and it employs over 50 people.