Carner advises Lohkare Infra on five strategic acquisitions

Carner Corporate Finance has advised Lohkare Infra on five strategic acquisitions that have transformed the company into one of Finland's largest specialist infrastructure platforms. Following the transactions, Lohkare Infra approaches EUR 400 million in annual revenue, employs more than 600 professionals and has established a nationwide presence across several critical infrastructure segments.

The acquisitions significantly expand Lohkare Infra’s capabilities in energy infrastructure, electricity and telecommunications networks, district heating and cooling, municipal engineering and civil construction. The transactions also strengthen the group’s presence in key growth regions, including Northern Finland and the Tampere/Pirkanmaa area.

The companies joining the group are:

• Oulun Lämpöputkitus Oy – district heating and district cooling infrastructure
• Infra Kiri Oy – utility networks, lighting and electrical infrastructure
• Ylöjärven Kiviset Oy – civil engineering and municipal infrastructure
• Länsi-Suomen Verkkopalvelut Oy – telecommunications and electricity network infrastructure
• Nordic Electro Power Oy – power grids, energy storage and renewable energy infrastructure

The acquisition of Nordic Electro Power Oy remains subject to approval from the Finnish Competition and Consumer Authority (FCCA).

The acquisitions support Lohkare’s strategy of building Finland’s leading specialist infrastructure group through a combination of entrepreneurial ownership, decentralized leadership and targeted acquisitions.

Our objective is to build Finland’s leading specialist infrastructure group by partnering with high-quality entrepreneurial companies operating in attractive and resilient market segments. These acquisitions strengthen our expertise across several key infrastructure categories while expanding our geographic footprint across Finland.

Carner has advised Triton Partners and Lohkare Infra throughout the development and execution of the buy-and-build strategy, supporting platform development, acquisition sourcing, transaction execution and strategic growth initiatives.

“Lohkare Infra has built a unique platform in the Finnish infrastructure market by combining entrepreneurial ownership, decentralized leadership and specialist expertise. The latest acquisitions further strengthen the platform and position the group for continued growth,” says Mikko Sistonen, Partner at Carner Corporate Finance.

The transactions reflect growing consolidation activity in Finland’s infrastructure sector, supported by long-term investment themes including electrification, energy transition projects, utility network modernization and digital infrastructure development.