Habeo Group continues executing its growth strategy by acquiring Paretec Oy, marking Habeo’s 8th acquisition in the last 12 months.

Paretec Oy is a building installation services expert providing electrical, security systems, and building automation projects and maintenance work in southern, northern and eastern Finland. The company employs c. 150 professionals and generated revenues of over €22 million in 2023.

"Joining Habeo Group opens up new opportunities for us to develop and grow our operations even more successfully. ... By combining our expertise with that of the entire group, we have unique capabilities to serve our customers even better than before," said Tuomas Ivakko, the CEO of Paretec Oy.

Habeo Group’s CEO Kari Kohvakka commented, “The expertise of Paretec greatly increases our capabilities and strengthens the expertise of the entire Habeo Group. ... Paretec is a respected and well-known name in the industry, so it’s a great pleasure to welcome their c. 150 top professionals to the Habeo family“.

Habeo Group is one of the largest building installation service companies in Finland, currently employing over 1100 employees nationwide. Majority-owned by Triton, Habeo’s strategy is to continue acquiring successful, entrepreneur-led companies that fit its service portfolio and strategy.

Carner advised Habeo throughout the acquisition process and continues to work with Habeo management on the M&A pipeline.

Link to Habeo Group's press release