Renta Group Acquires YIT Kalusto Oy from YIT Corporation
January 9, 2024
Renta Group has agreed to acquire the entire share capital of YIT Kalusto Oy from YIT Corporation for an enterprise value of EUR 37 million and will sign a long-term equipment supply and services cooperation agreement with YIT in Finland. The deal (conditional on Finnish Competition and Consumer Authority approval) includes purchase of the Urjala property used by Kalusto Oy and the transfer of 67 employees to Renta; completion was estimated by 30 June 2024.
- Buyers
- Renta Group Oy
- Targets
- YIT Kalusto Oy
- Sellers
- YIT Corporation
- Industry
- Industrial Services
- Location
- Finland
- Transaction Type
- Divestiture
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