HTJ strengthens the infrastructure sector through an acquisition

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Sievi Capital Oyj

Sievi Capital Plc
Press Release May 12, 2022 at 11:20 am EEST


HTJ strengthens infrastructure
sector through an acquisition

Sievi Capital’s target company, HTJ Holding Oy (“HTJ”), today acquired the share capital of Infrap Oy through its subsidiary Rakennuttajatoimisto HTJ Oy. The acquisition expands HTJ’s expertise in infrastructure and industrial construction both geographically and in terms of the range of services.

Infrap is an expert in infrastructure construction and specializes in project management, site management, site supervision and surveying services. The company employs around 40 experts who work on infrastructure projects across the country. The company mainly serves customers in the public sector and offers, for example, project management and supervision for the maintenance and care of the road network and surveying services. In addition, the company offers services for water supply and industrial projects as well as other construction consulting services. In 2021, the company’s net sales were about EUR 4.5 million and the EBITDA was about EUR 0.9 million.

“This acquisition is a significant step for HTJ as it strengthens our organization and brings in new expertise, particularly in infrastructure construction. The acquisition will increase the infrastructure sector’s share of HTJ’s net sales and public sector projects will provide visibility for years to come. HTJ will have almost 200 experts and will be able to serve our customers nationwide from Helsinki to Rovaniemi with versatile construction management services. This expansion also enables better development opportunities for all employees. Our goal is to become the leading independent expert in construction management and the acquisition of Infrap fits perfectly with our strategy,” says Janne Ketola, CEO of HTJ.

“Together, HTJ and Infrap form a nationwide infrastructure construction management company that is a strong partner for its customers. We believe that the working methods and culture of these companies are already very similar, which creates a good basis for the combination. We look forward to further developing the service together with the HTJ staff,” says Tero Heiskanen, CEO of Infrap.

HTJ funded the acquisition with debt financing and cash. The transaction has no impact on Sievi Capital’s stake in HTJ Holding Oy.

SIEVI CAPITAL PLC

ADDITIONAL INFORMATION:
Managing Director Jussi Majamaa, Tel. +358 40 041 2127

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www.sievcapital.fi

Sievi Capital is a partner for Finnish entrepreneurs. We support the growth, performance and added value of small and medium-sized companies and at the same time expand national competitiveness. We believe that we as co-entrepreneurs are successful together. Sievi Capital shares are listed on Nasdaq Helsinki.

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