Corteco strengthens its position in Finland by acquiring VB Group, a leading roofing contractor with nearly 35 years of experience.
VB Group provides installation, maintenance, and renovation services of roofs for residential, industrial and commercial properties, specializing in bitumen-based roofing solutions. The group consists of five well-established companies – Varsinaisbitumi Oy, Varsinaisbitumi Oy Etelä-Suomi, Varsinaisbitumi Oy Länsi-Suomi, Kymen Pinnoitus Oy and Savon Pinnoitus Oy. Founded in 1991, VB Group has built a solid market position recognized for its technical excellence, broad geographic coverage and long-standing customer relationships. In 2024, VB Group generated revenues of approximately EUR 20 million with solid profitability. The group operates across Southern Finland.
Corteco is a Nordic provider of comprehensive building shell renovation and maintenance services. Its portfolio companies specialize in roofs, windows, facades, garages, balconies, courtyards and solar cell installations. Operating in Sweden, Norway and Finland, Corteco pursues growth both organically and through acquisitions.
The acquisition of VB Group marks Corteco’s second transaction in Finland in a short time, following the acquisition of Suomen Saneeraustalo Oy earlier this summer. Together, the two companies reach combined revenues of more than EUR 50 million.
We are very pleased to welcome VB Group and all its employees to Corteco. The group has a strong service offering and an excellent reputation in the market. With their long-standing experience and deep expertise in roof renovation, we are significantly strengthening our position in Finland.
Anders Johansson, CEO, Corteco
VB Group’s current management will remain in place and continue to drive growth in close collaboration with Corteco and its portfolio companies.
We are proud of what VB Group has built over the three decades and look forward to this next chapter as part of Corteco. Becoming part of a larger group that shares our values gives us even better conditions to develop our business, our employees, and our customer relationships – while preserving the local presence and craftsmanship that has always been our strength.
Jaakko Heininen and Pekka Heininen, Co-Founders and Managing Directors, VB Group
Carner Corporate Finance advised the owners of VB Group throughout the Nordic-wide, competitive auction process.
