KFS Finland Oy, which is equally owned by Kreate Group Plc and the global Keller Group plc, announced on 8 September 2021 that it has signed an agreement concerning the acquisition of NordPile Oy. The acquisition was completed on 24 September 2021 after the usual preconditions were met.
KFS Finland and NordPile are leading Finnish companies in special foundation construction. In the Finnish market, KFS Finland is the market leader in large-diameter drilled piles and NordPile is one of the leading companies in smaller-diameter drilled piles and in driven piles.
– With this acquisition, we are significantly strengthening our market share in special foundation construction in Finland. By combining our strong know-how and operations, we are able to offer an even more comprehensive range of services, particularly in demanding foundation construction projects, says Tommi Hakanen, CEO of KFS Finland.
Following the acquisition, KFS Finland employs nearly 100 professionals in special foundation construction. In 2020, KFS Finland’s revenue was EUR 43 million, and NordPile’s revenue was EUR 14 million.
For more details, please see the 8 September announcement.