Acquisitions in Finland

LeadDesk acquired the Finnish AI-powered translation solution Fluentic from Fluentic Oy in a trade sale to expand multilingual customer service capabilities for contact centers. The acquisition adds AI-based translation and automation tools to LeadDesk’s portfolio as it strengthens its offering in the European contact center as a service market. LeadDesk financed the deal in part with a €0.3 million bank loan; additional financial terms were not disclosed.

FusionLayer has acquired Omnitele, a specialist in mobile network performance, analytics, and RAN engineering. The deal brings Omnitele’s PRIMEA/PRIVIA product line and its RAN engineering/professional services teams into FusionLayer, strengthening FusionLayer’s Intelligent Network portfolio alongside its DDI and Infinity EMS technologies.

Valona Intelligence and A-INSIGHTS announced a strategic merger to create a combined competitive and market intelligence platform for globally operating enterprises. The joint offering integrates Valona’s AI-powered real-time market and competitive insights with A-INSIGHTS’ quantitative analytics, including market sizing, competitor financial benchmarking, and trade flow analysis. The combined company will serve 400+ global enterprise customers with a unified “source of truth” for intelligence and decision-making.

Adelis Equity Partners Fund IV AB has acquired a majority stake in Retta Oy and Retta AB, a leading B2B property management and real estate services provider operating in Finland and Sweden. Adelis will support Retta’s next phase of growth and expansion, including investments in digital solutions and potential complementary acquisitions.

An affiliate of H.I.G. Capital’s infrastructure strategy acquired a controlling interest in Fluo Group Oy, a Finnish waste management and recycling platform focused on circular-economy services. H.I.G. will partner with Fluo’s management to expand services, invest in sustainable waste infrastructure, and broaden the company’s geographic reach across Finland, including pursuing add-on acquisitions to support consolidation.

Funds advised by Triton completed the acquisition of the MacGregor business from Hiab (formerly Cargotec). MacGregor is a global provider of maritime and offshore cargo and load-handling equipment and services, and Triton plans to support the carved-out business in its transition to an independent company and continued growth.

Norvestor VIII and Norvestor SPV II completed the divestment of PHM Group Oy and Sperre Air Power AS into a newly formed continuation vehicle, Norvestor SPV III, alongside an investment from Norvestor IX. The transaction provides liquidity optionality to existing investors while maintaining Norvestor backing to support further growth and M&A for both businesses.

Volaris Group, an operating group of Constellation Software Inc., announced it has acquired Surveypal Oy, a Finland-based provider of automated survey software delivered via a SaaS model. Surveypal will continue to operate independently under CEO Liisa Sten as part of the Christian Lanng Nielsen Group within Volaris Group’s Ulsted Portfolio, expanding Volaris’ presence in the Nordic region.

Triton Smaller Mid Cap Fund II (advised by Triton) formed Lohkare Infra, a new decentralized Finnish infrastructure services platform, by acquiring and merging VM Suomalainen Oy, Lännen Alituspalvelu Oy, and Oteran Oy. The combined group provides planning, construction, maintenance, and engineering services for local infrastructure projects across Finland. Financial terms were not disclosed, and the acquisition of Oteran Oy is subject to regulatory approvals expected later in 2025.

Supermetrics acquired Relay42, a real-time customer data platform (CDP), to expand its marketing intelligence offering. The combined company aims to unify data integration, analysis, and activation by pairing Supermetrics’ data intelligence with Relay42’s real-time personalization and journey orchestration capabilities.

Sensor Tower acquired Playliner, a Finland-founded Live Operations (Live Ops) data and analytics platform for top mobile games. The deal expands Sensor Tower’s gaming intelligence offering by adding Playliner’s insights into event cadence, monetization tactics, and player engagement across leading mobile titles.

Duni AB (Duni Group) acquired 80% of the shares in LinePack Oy, a Finnish provider of automated packaging solutions for the food industry. The deal strengthens Duni Group’s Food Packaging Solutions business area and complements its Duniform brand with advanced automation technology and local Finnish expertise.

MariaDB plc announced it has acquired Codership Oy, a Finland-based company behind the Galera Cluster high-availability database solution. The deal brings Codership’s core Galera team and founders into MariaDB to deepen integration of Galera Cluster’s synchronous replication technology into the MariaDB Enterprise Platform and expand MariaDB’s European engineering and support capabilities.

Stora Enso completed its previously announced acquisition of Finnish sawmill company Junnikkala Oy for an enterprise value of up to EUR 137 million, with a significant contingent component tied to production milestones. The acquired sawmills will be integrated with Stora Enso’s packaging board site in Oulu, Finland, to secure cost-efficient wood supply and are expected to generate about EUR 15 million in annual synergies once the new Oulu sawmill is fully operational.

Smart Communications, a cloud-based enterprise customer communications platform provider, has acquired Joisto, a cloud data archive company. The deal adds cloud archival, retention, and compliance capabilities to Smart Communications’ Conversation Cloud platform, enabling customers to store, manage, and retrieve regulated digital records and documents.

Smart Communications, a cloud-based enterprise customer communications platform provider, acquired Joisto, a cloud data archive and management solutions company. The deal adds cloud archival, retention, and compliance-focused capabilities to Smart Communications’ Conversation Cloud platform, enhancing regulated-industry support for storing, managing, and retrieving digital records and documents.

Voysey Brands acquired Magisso, a Finnish design brand known for innovative home, dining, and kitchen solutions. The deal is effective immediately, and Magisso will continue operating under its existing brand as Voysey Brands expands its portfolio and supports Magisso’s global growth.

EDGNEX Data Centers by DAMAC, the digital infrastructure platform of Dubai-headquartered DAMAC Group, confirmed the acquisition of Finland-founded data center company Hyperco. The deal supports EDGNEX’s European expansion and is intended to provide significant growth capital to accelerate Hyperco’s capacity buildout across the Nordics (notably Finland and Sweden). Hyperco’s three founders and the broader team are expected to continue leading the business through its next growth phase.

HANZA AB completed the acquisition of Leden Group Oy, a Finnish provider of advanced mechanical manufacturing with operations in Finland and Estonia. The deal strengthens HANZA’s mechanical manufacturing capabilities (sheet metal mechanics, machining, and complex assembly) and broadens its customer base in areas including energy storage, energy distribution, and industrial automation. Consideration included EUR 21 million in cash plus 2.3 million newly issued HANZA shares, with an earn-out of up to EUR 15 million and up to 300,000 additional shares tied to 2025 performance and share price development.

Accel-KKR announced that Mercur Solutions has merged with Aico to create a combined, end-to-end software platform serving the Office of the CFO. The combination brings together Mercur’s corporate performance management (budgeting, forecasting, reporting and analytics) with Aico’s financial close software to expand product breadth and geographic reach across Europe.

Valio has agreed to acquire Raisio plc’s plant protein business, including related fixed assets and the Härkis and Beanit fava bean brands. The transaction includes production equipment at the Kauhava plant and the transfer of 16 employees to Valio, for a purchase price of EUR 7 million. The deal strengthens Valio’s position in the plant-based protein market alongside its existing Gold&Green offering.

Wärtsilä has agreed to divest its Automation, Navigation and Control System (ANCS) business to Swedish investment company Solix Group AB. ANCS provides marine navigation and automation hardware/software solutions, and generated close to EUR 200 million in revenue in 2023. The transaction is subject to approvals and is expected to close in the second quarter of 2025.

EnergyHub, a provider of residential flexibility solutions and an independent subsidiary of Alarm.com, has acquired Finland-based Kapacity.io. The deal is intended to accelerate EnergyHub’s expansion of demand-side flexibility and residential virtual power plant (VPP) capabilities into European markets, leveraging Kapacity.io’s heat pump optimization and flexibility expertise.

ASSA ABLOY has acquired 9Solutions, a Finland-based provider of AI-powered real-time locating healthcare solutions for critical communication and collaboration, focused on senior care. Founded in 2009 and headquartered in Oulu with about 40 employees, 9Solutions will join ASSA ABLOY Global Solutions’ Senior Care business area. The company reported approximately EUR 10 million in 2023 sales, and ASSA ABLOY stated the deal will be accretive to EPS from the start.

Summa Equity has completed the acquisition of Fortum Recycling & Waste through its portfolio company NG Group for an enterprise value of approximately EUR 800 million on a debt- and cash-free basis. The transaction combines Fortum’s recycling and waste business with NG Group to create a Nordic circular-economy and environmental-services leader operating across the Nordics, with about EUR 1.2 billion in revenue and roughly 3,500 employees. The sale represents a divestiture by Fortum as part of its strategic review to focus on its core clean energy operations.

Summa Defence Ltd has agreed to acquire all shares of IntLog Oy via a share exchange, bringing IntLog into the Finnish defense and security technology group. Sellers Emilia Koivisto and Jukka Pietilä will remain in leadership roles at IntLog and become shareholders of Summa Defence; financial terms were not disclosed.

Aneo, a Norwegian wind power operator, has acquired the Kokkoneva wind farm in Finland from Greencoat Renewables PLC. The operational wind farm (online since 2022) comprises nine turbines totaling 43.2 MW and produces about 129 GWh annually, marking Aneo’s first wind farm acquisition in Finland and expanding its Nordic generation footprint.

Summa Defence Ltd has agreed to acquire 100% of the share capital of Uudenkaupungin Työvene Oy via a share exchange. The Finnish shipbuilder will continue operating under its own identity while gaining strategic support and growth opportunities within the Summa Defence defense and security technology group. Sellers Juha Granqvist, Janne Kosomaa, and Baltic Workboats AS will become shareholders in Summa Defence; the purchase price was not disclosed.

Summa Defence Ltd acquired Lännen MCE Oy via a share exchange agreement to expand its intelligent multipurpose machinery and equipment capabilities for defence and civilian applications. The deal also transfers Lännen MCE’s subsidiaries—Lännen Tractors Oy, Aquamec Oy, and Sweden-based Lännen MCE AB—into Summa Defence’s ownership. Lännen MCE will retain a significant minority stake in Summa Defence following the transaction.

Oura, maker of the Oura Ring, has acquired Veri, a Helsinki-based startup offering a metabolic health platform focused on blood sugar insights and guidance. Veri’s brand and platform are expected to be sunset by the end of 2024 and folded into Oura’s broader health suite. Financial terms of the acquisition were not disclosed.

Taito Learning announced the sale of TypingTest.com to Sporcle, a U.S.-based digital learning and entertainment platform. The transaction supports Taito Learning’s rebranding and strategic focus on new educational technology opportunities, particularly in the Business to Education (B2E) market.

Valmet and Körber closed an agreement under which Valmet acquires a majority of the shares in FactoryPal, a Körber subsidiary. FactoryPal will continue operating as its own legal entity under the existing brand, strengthening Valmet’s Industrial Internet solutions and digital services for customers in the tissue industry.

TotalEnergies has acquired Tecoil, a Finnish specialist in regenerating used lubricating oils into re-refined base oils (RRBOs). Tecoil operates a 50,000-ton-per-year RRBO production facility in Hamina, Finland, and has built a European collection network for used lubricants. The acquisition supports TotalEnergies’ strategy to expand circular, lower-carbon base oils for its high-end lubricant products.

Twin Disc Inc. completed the €21 million acquisition of Katsa Oy, a Finland-based designer and manufacturer of gearboxes and power transmission components for industrial and marine markets. The deal is intended to expand Twin Disc’s reach in Europe and add complementary products and after-sales capabilities to strengthen its global sales and service network.

Netigate, a European experience management solutions company, announced the acquisition of Lumoa, a customer experience platform featuring generative AI capabilities. The deal combines the companies’ feedback collection and analytics technologies to expand “total experience” (CX and EX) offerings for a combined base of 1,500+ customers across Europe.

Biovian and 3P Biopharmaceuticals agreed to combine to create 3PBIOVIAN, a pan-European biologics contract development and manufacturing organization (CDMO). The transaction is backed by their common shareholder, Keensight Capital, with ERES IV (advised by Elyan Partners) and Sodena continuing as minority shareholders in the combined group.

Renta Group Oy has agreed to acquire 100% of YIT Kalusto Oy from YIT Corporation, alongside signing a long-term cooperation agreement to provide equipment and related services to YIT in Finland. As part of the deal, Renta will also purchase the Urjala, Finland property used by Kalusto Oy, while specialized infrastructure equipment and related personnel will be carved out and transferred to YIT Infra Oy prior to closing. The transaction values the business at an enterprise value of EUR 37 million and is expected to close by 30 June 2024 subject to Finnish competition approval.

One Click LCA announced a €40M strategic growth investment from PSG Equity and InfraVia Capital Partners. The funding will support R&D, expansion of enterprise offerings, global growth, and future M&A as One Click LCA builds an end-to-end sustainability and decarbonization software platform for construction and manufacturing.

Funds advised by Triton signed an agreement to sell Fonecta, part of Triton portfolio company European Directories Group (EDSA), to Sponsor Capital. Under the agreement, Sponsor Capital will acquire all Fonecta group companies, with Fonecta management continuing in their roles and reinvesting in the business; financial terms were not disclosed and the deal is subject to customary approvals.

Funds advised by Triton completed a voluntary public cash tender offer for Caverion Corporation, executed via Crayfish Bidco Oy. Following the tender offer acceptance period, Triton now owns 94.39% of Caverion’s shares. Caverion is a Finland-headquartered provider of multi-technical installation and service solutions for the built environment.

Oji Holdings Corporation (Oji Group) completed the acquisition of Walki Group Oy/Walki Holding Oy, a pan-European supplier of sustainable packaging and engineered materials solutions. The business was sold by private equity firm One Equity Partners, which had owned Walki since July 2018 and supported its expansion and sustainability-focused initiatives.

Renta Group Oy acquired Ohiko Oy to expand its specialised pumping business into Finland. Ohiko, headquartered in Tuusula, Finland, provides full-service bypass solutions and will continue operating with its existing local business model while benefiting from Renta’s scale and geographic expansion plans.

saas.group announced the acquisition of AddSearch, a provider of hosted website search solutions that integrate with CMS platforms such as WordPress, Shopify, Magento, and Wix. The deal marks saas.group’s 15th acquisition and its first entry into the Nordics, expanding its SaaS portfolio focused on improving website conversion and customer experience.

FPE Capital-backed Intragen has acquired the Finland-based identity and access management (IAM) business unit of Telia, the Swedish telecommunications company. The bolt-on deal is expected to significantly expand Intragen’s Finnish operations, positioning Intragen Finland as the country’s largest IAM solutions provider and strengthening its presence across the Nordic region.

Hostaway announced a $175 million strategic growth capital raise led by PSG. The funding will be used to accelerate Hostaway’s global expansion, grow headcount, and pursue organic and inorganic opportunities to expand market share in the vacation rental management software market.

Renta Group Oy acquired Espoon Nosturikeskus Oy Pohjanväre and Espoon Rakennuskonevuokraamo Oy, along with the operative assets of Lohjan Nosturipalvelu Oy (together, Pohjanväre). Pohjanväre is a Finnish equipment rental company focused on lifts and material handling equipment, with additional general rental operations, serving southern Finland. The deal strengthens Renta’s position in Finland’s capital region and expands its presence in southern Finland.

Aliaxis disclosed a non-binding intention to pursue a potential all-cash public tender offer to acquire all outstanding shares of Uponor Corporation not already held by Uponor or its subsidiaries, indicating an illustrative price of EUR 25.00 per share (implying roughly EUR 1.82 billion equity value). Aliaxis also increased its existing stake in Uponor to 10.6% (7,733,966 shares), becoming the second-largest shareholder, while noting the potential offer—if made—could complete in Q3 or Q4 2023 subject to conditions and regulatory approvals.

Inflexion, through Inflexion Buyout Fund VI, entered into an agreement to acquire a majority stake in Nomentia, a European treasury and cash management software provider headquartered in Helsinki. The stake is being purchased from existing investors PSG Equity and Verdane, and the transaction is subject to regulatory approvals.

M-Files acquired Ment (formerly Contract Mill Oy), a no-code document automation technology company headquartered in Espoo, Finland. The deal expands M-Files' document automation capabilities, particularly for legal use cases such as contract and document generation. Ment will continue to be offered as a standalone/modular product while being integrated in phases into the M-Files platform.

Norvestor VIII SCSp ("Norvestor VIII") signed an agreement to acquire a majority of the shares in Rantalainen Group Oy, a Nordic provider of outsourced accounting and payroll services headquartered in Hyvinkää, Finland. The stake is being acquired from Intera Fund III Ky and Oona Capital, and upon closing Norvestor will become Rantalainen’s largest shareholder alongside the company’s management and key employees.

The Triton Smaller Mid Cap Fund II, advised by Triton, backed the formation of Habeo Group, a Finnish building installation services company. Habeo was created through the acquisitions and subsequent merger of seven regional building service technology companies into a single national group; transaction terms were not disclosed.

Investcorp agreed to make a significant investment to become the majority shareholder in Eficode, a global provider of DevOps consulting and managed services. Eficode’s founder Risto Virkkala, CEO Ilari Nurmi, and the management team will remain significant shareholders and continue to lead the business as Investcorp supports international expansion and growth.

Adelis Equity Partners became the majority shareholder of Avidly after a voluntary recommended public cash tender offer that ultimately reached 98% acceptance and closed in September 2022. Avidly is a Helsinki-headquartered marketing technology (MarTech) services provider and leading HubSpot partner, and Adelis plans to support continued growth through organic initiatives and future strategic acquisitions.

Bertin Technologies has signed an agreement to acquire Finnish CBRN detection company Environics Oy, which was previously owned by Verso Capital. The deal is backed by Bertin Technologies’ owner FCDE and is intended to create a leading European player in CBRN detection, identification, and monitoring equipment and systems, strengthening Bertin’s presence in the Nordics.

A consortium comprising Accel-KKR, Long Path Partners, and Briarwood Capital Partners completed a voluntary public tender offer for all shares of Basware. The tendered shares represent approximately 96.2% of Basware’s shares and voting rights, enabling the investors to proceed with the company’s privatization and support future growth in e-invoicing and procure-to-pay automation.

Teledyne Technologies Incorporated acquired a majority interest in Noiseless Acoustics Oy (NL Acoustics), an acoustics imaging instrument and predictive maintenance solutions designer and manufacturer headquartered in Helsinki, Finland. Founders Kai Saksela and Jonas Nyberg will retain a minority stake and continue in their executive leadership roles. Financial terms were not disclosed.

One Equity Partners has agreed to acquire Fortaco Group, a strategic partner to the heavy off-highway equipment and marine industries. Funds managed by CapMan Buyout will sell their holdings in Fortaco to One Equity Partners, with closing expected in the second half of 2022 subject to regulatory approvals and customary conditions.

Standout Capital and other shareholders have sold Miradore Oy, a Finnish mobile device management (MDM) cloud software company, to GoTo. The acquisition adds Miradore’s MDM capabilities to GoTo’s portfolio and complements the GoTo Resolve remote support platform for SMB IT needs.

Triton Smaller Mid Cap Fund II, advised by Triton, acquired a majority share in Esperi Care Oy, a leading residential care provider in Finland. Triton will make a substantial investment to further develop Esperi Care’s services, while the current owners Danske Bank, SEB and Ilmarinen will remain as minority shareholders.

PPG highlighted its acquisition of Tikkurila, a leading Nordic paints and coatings company acquired in 2021, during its 2022 Investor Day in Helsinki. PPG said the deal strengthens its architectural coatings portfolio, expands its footprint in EMEA and China, and supports margin expansion and integration synergies.

Finnish e-commerce brand aggregator eBrands Global acquired the trampoline scooter (Indo Trick Scooter) business from Indo Solutions, founded by brothers Vesa and Juha Poutiainen. The purchase price was not disclosed, and the founding team will continue within eBrands to develop new products and support expansion across D2C marketplaces and broader B2B/consumer channels.

Valedo Partners III AB (Valedo) has invested in Twig Com Oy (TWIG) to support and accelerate TWIG’s expansion and growth in lone worker safety and telecare technology. TWIG develops and manufactures personal safety alarms and related software, with products designed and manufactured in Salo, Finland. Transaction terms were not disclosed, and TWIG founders, key employees, and board members co-invested alongside Valedo.

NewNet Communication Technologies, LLC, a portfolio company of Skyview Capital, announced plans to acquire the former Motorola Solutions WiMAX business from Nokia Siemens Networks. The deal includes the full WiMAX product portfolio, related employees and assets, and active customer and supplier contracts, with about 300 employees expected to transfer. Financial terms were not disclosed and closing was expected before December 31, 2011.

Nordstjernan signed an agreement to acquire Aidian, a Finnish in-vitro diagnostics company focused on point-of-care testing, from funds managed by Nordic private equity firm Axcel. Aidian develops, manufactures, and sells diagnostic instruments and tests used in primary care and other settings, addressing areas such as antimicrobial resistance, diabetes, and colorectal cancer. The transaction is expected to close in Q1 2022, with financial terms not disclosed.

EQT Private Equity (EQT Mid Market fund) has exited Touhula, a Finnish early education provider, selling the company to members of Touhula’s management team and board of directors. Touhula is headquartered in Oulu, Finland, and operates daycare units across more than 50 municipalities. The transaction closed on 16 February 2022.

Paragon 28, Inc., a foot-and-ankle focused medical device company, acquired Disior Oy, a Helsinki-based 3D analytics and pre-operative planning software company focused on complex foot and ankle anatomy. Paragon 28 paid $18 million at closing and agreed to up to $8 million in additional contingent payments tied to technology and commercial milestones, funding the closing payment via its existing term loan facility. The acquisition supports Paragon 28’s SMART 28 enabling-technology ecosystem for pre-operative planning, intra-operative support, and post-operative evaluation.

Organon completed its acquisition of Forendo Pharma, a Finland-based clinical-stage drug development company focused on novel treatments in women’s health. The deal adds Forendo’s lead endometriosis candidate FOR-6219 (an oral HSD17B1 inhibitor entering Phase 2) and a preclinical PCOS program to Organon’s women’s health pipeline. Consideration includes $75 million upfront, assumption of about $9 million of debt, and potential milestone payments that could bring total consideration up to $954 million.

NetNordic Group, majority owned by private equity firm Norvestor VII, L.P., has acquired Fiarone Oy, a Finnish provider of Security Operations Center (SOC) and security information management services. The acquisition strengthens NetNordic’s security services capabilities in Finland and the broader Nordic market, with Fiarone’s shareholders reinvesting in NetNordic and continuing to develop the business.

IK Partners, through its IK IX Fund, has signed an agreement to acquire Renta Group Oy from Intera Partners, with management and employees reinvesting alongside the transaction. Renta Group is a Finland-headquartered provider of machine and equipment rental and related site services serving construction, infrastructure, and industrial markets across the Nordics and Poland. Financial terms were not disclosed and closing is subject to legal and regulatory approvals.

Norvestor VIII SCSp has signed an agreement to acquire a majority of the shares in Pinja Group Oy, an industrial software and digitalization services provider. Pinja, headquartered in Jyväskylä, Finland, will have Norvestor VIII as its largest shareholder following the acquisition from MB Funds and certain other shareholders, with management and key employees retaining an ownership stake.

DoorDash has entered a definitive agreement to acquire Wolt in an all-stock transaction valued at approximately EUR 7 billion. As part of the deal, EQT Ventures and EQT Growth will exit their holdings in Wolt and receive DoorDash shares, subject to regulatory approval and customary closing conditions.

Escher announced the acquisition of Helsinki-based Syslore to add Syslore’s AI-powered parcel and mail processing services to Escher’s offerings for postal operators and couriers. The combined capabilities are intended to reduce manual parcel processing and sortation costs, improve cross-border compliance data capture, and speed resolution of sorting exceptions.

Sony Interactive Entertainment (SIE) completed the acquisition of Housemarque Oy, a Helsinki-based game developer and long-time PlayStation partner known for titles such as Returnal, Nex Machina, and Alienation. Housemarque will join PlayStation Studios as its 13th studio, with day-to-day operations continuing under Housemarque’s current management. Financial terms were not disclosed.

Adelis Equity Partners Fund I AB has agreed to sell its majority stake in Quattro Mikenti Group (QMG), a Finnish technical installation and maintenance services provider, to KLAR Partners. KLAR Partners already owns Sandbäckens Group in Sweden, and the purchase price was not disclosed; the deal remains subject to customary regulatory approvals.

Hologic, Inc. has completed its previously announced acquisition of Mobidiag Oy for an enterprise value of approximately $808 million. The deal expands Hologic’s global diagnostics footprint by adding Mobidiag’s near-patient molecular diagnostic instruments and tests, including its Amplidiag and Novodiag platforms.

Fonecta, a subsidiary of Triton Fund III portfolio company EDSA, acquired OIKIO Digital Performance Agency ("OIKIO") in an undisclosed-terms transaction. The acquisition is intended to strengthen Fonecta’s digital marketing capabilities and market position in Finland, with OIKIO continuing as a standalone brand within the Fonecta group.

Cordel has rebranded as SmartCraft and acquired Congrid, a Finnish provider of construction Quality and Safety Assurance (QSA) SaaS software. The deal marks SmartCraft’s entry into the Finnish market and expands its construction-tech offering by adding a QSA module.

A fund advised by Norvestor Advisory AS signed an agreement to acquire a majority stake (about 60%) in Envera Ltd., the company behind the Smartvatten water monitoring solution. Existing shareholders including Taaleri Circular Economy Fund, along with the founders and employees, will reinvest to hold the remaining shares.

EQT Growth invested in Wolt Enterprises Oy as part of Wolt’s USD 530 million capital raise. EQT Growth joined EQT Ventures in the round and will support Wolt’s continued expansion into new geographies and verticals.

Adelis Equity Partners is acquiring shares in Valamis Group Oy from passive investors and providing growth capital to support the company’s global expansion. Valamis’ management team will remain in place and retain significant ownership following the transaction, which is subject to merger clearance and other closing conditions.

Assemblin, a portfolio company of Triton IV, signed an agreement to acquire Fidelix Holding Oy and its subsidiaries (Fidelix). The deal is intended to strengthen Assemblin’s building automation capabilities and expand its position in the Finnish market, and is subject to competition authority approval.

Sortera Group acquired Vaihtolava, a Finnish provider of logistics and sorting services for construction materials and waste. The deal establishes a significant platform for Sortera Group in Finland, particularly in the Helsinki region, while Vaihtolava’s existing management team will continue to lead Finnish operations.

PHM Group, majority owned by a fund managed by Norvestor, signed an agreement in June 2020 to acquire Kotikatu Holding Oy, Finland’s leading residential property maintenance services provider. The transaction closed on 24 September 2020 and creates a leading Nordic residential property maintenance services group across Finland and Sweden (with expansion efforts also including Norway), with roughly EUR 250–275 million in revenue and about 2,750–3,000 employees.

Providence Strategic Growth (PSG), an affiliate of Providence Equity Partners, completed a majority investment in Sympa, a Nordic provider of cloud-based human capital management (HCM) software. Existing investor Alfvén & Didrikson will retain a minority stake alongside Sympa’s founders, and the investment will support international expansion and product innovation across Europe; financial terms were not disclosed.

Providence Strategic Growth (PSG), owner of OpusCapita Solutions Oy, agreed to separate OpusCapita’s Cash Management segment into a new company (NewCo) that will acquire Analyste International Oy. PSG will hold a majority stake in NewCo, while Analyste’s main owner Verdane will roll over into a minority stake alongside management, creating a Nordic-focused cash management SaaS provider.

NetNordic acquired Finnish datacenter modernization solutions and services provider Konehuone (Suomen Konehuone Oy). The deal is intended to strengthen NetNordic’s capabilities in the Nordic system integrator market and expand its datacenter solutions portfolio and footprint in Finland. Konehuone’s shareholders will reinvest in NetNordic and continue developing the business in Finland and the Nordics.

The QL Gaming Group (QLGG), parent company of BetQL, announced the acquisition of Finnish sports simulation company Accuscore alongside an additional $1.1 million funding round. The acquisition expands BetQL’s sports betting analytics capabilities, including player prop and in-game predictions and coverage of additional sports.

A Norvestor fund signed an agreement to acquire a majority of the shares in PHM Holding Oy (PHM), a Nordic residential property maintenance services provider headquartered in Porvoo, Finland. Existing owner Intera Fund III Ky and PHM’s management will continue as owners alongside Norvestor to support PHM’s growth and consolidation strategy across the Nordic property maintenance sector. The transaction is expected to close in the spring, subject to customary closing conditions.

Unident AB, a portfolio company of Triton Smaller Mid Cap Fund, acquired Dental Systems Oy and GAMA Dental AB to strengthen its presence in the Finnish and Swedish dental markets. Dental Systems (Helsinki) supplies dental equipment and consumables and services dental units, while GAMA Dental (southern Stockholm) sells dental consumables and smaller dental equipment.

Providence Equity Partners agreed to make a €200 million majority investment in Smartly.io, a global creative and digital advertising platform. Smartly.io’s founders and management team will continue to lead the business and retain significant ownership, with Providence supporting growth through organic investment and acquisitions.

AddSecure entered into an agreement to acquire the Safety Phone business unit (Stella Safety Phone) from Stella Kotipalvelut Oy, expanding into the telecare/smart care market in Finland. The transaction, backed by AddSecure’s majority owner Castik Capital, is expected to close by the end of January 2020. Stella said the sale will allow it to focus more on its core homecare and cleaning businesses.

Fonecta, part of Triton III portfolio company European Directories, agreed to sell its data services business to LeadCloud, a brand of LeadVenture Oy. The transaction (including customers and 13 employees) is expected to close on October 31, 2019, creating a larger player focused on sales contact targeting. In connection with the deal, Juuri Partners will make a significant investment in the business and become the main owner of LeadCloud.

Posti Group Corporation agreed to sell its wholly owned subsidiary, OpusCapita Solutions Oy, to a fund managed by Providence Equity Partners. The divestiture supports Posti Group’s strategy to focus on its core Postal, Parcel & E-commerce, and Logistics businesses, while providing OpusCapita Solutions additional backing for product investment and global growth; financial terms were not disclosed.

Confirma Software, backed by Abry Partners, has acquired Computer Program Unit Oy, DL Software Oy, and Cash-In Consulting Oy to establish a Nordic enterprise software platform focused on specialized offerings for SME customers. The acquired businesses will continue operating under their existing brands and management while collaborating across the platform to share resources and best practices.

Polygon, a Triton Fund III portfolio company, acquired Tehokuivaus Oy in Finland and The Plastic Surgeon Holdings Limited in the United Kingdom. The acquisitions are add-ons intended to strengthen Polygon Finland’s water and fire damage restoration offering and enhance Polygon UK’s property restoration and hard surface repair capabilities.

Volaris Group completed the purchase of the majority of Nokia's IP Video business. The acquired business will operate as Velocix, an independent streaming technology company within Volaris Group’s Communications & Media portfolio, while Nokia retains a minority shareholding. Financial terms were not disclosed.

DoubleVerify acquired Leiki, Ltd., a contextual intelligence and content classification platform headquartered in Helsinki, Finland. The transaction, structured as an all-cash and all-stock offer, was completed on December 27, 2018. The deal strengthens DoubleVerify’s brand reputation, contextual targeting, and semantic AI-driven content analysis capabilities.

Keensight Capital acquired a majority stake in Biovian, a Finland-based contract development and manufacturing organization (CDMO) focused on biopharmaceuticals. The investment was made alongside Biovian’s founders and management team and with participation from Edmond de Rothschild Equity Strategies (ERES) funds.

Thermo Fisher Scientific signed a definitive agreement to acquire Finnzymes, a provider of molecular biology analysis tools including reagents, instruments, consumables, and kits. Headquartered in Espoo, Finland, Finnzymes generated about $20 million of revenue in 2009. The deal is expected to close in the first quarter of 2010 and will expand Thermo Fisher’s molecular biology and diagnostics product portfolio.