Habeo Group expands its operations by acquiring TRP Group and Exsane

In Short

TRP is a company specializing in HVAC contracting and maintenance services in the Turku region. The company employs approximately 90 experts, and its turnover in 2022 was around 15 million euros.

The Whole Story

“TRP forms a significant new entity within Habeo Group and expands our presence, especially in the Turku economic area. We are excited about the opportunity to continue developing the company together with its key personnel. The current owners of the company will also continue as owners of Habeo. TRP fits perfectly into our strategy, which involves forming a strong alliance of entrepreneurial companies operating regionally,” says Kari Kohvakka, CEO of Habeo Group.

TRP will continue its operations under its own brand and will have access to the support, expertise, and resources of the Habeo Group. After the transaction, Habeo Group employs over 700 professionals in technical building services with an estimated turnover of over 150 million euros. The completion of the transaction is subject to approval by competition authorities.

“Habeo’s ability to create a significant entity in the technical building services sector was an interesting opportunity in TRP’s growth story, and the entrepreneurial team is a good fit for us. We look forward to collaborating with Habeo and believe that this opens up new opportunities for both parties,” says Harri Rantanen, CEO of TRP Group.

Additionally, Habeo Group’s subsidiary, HSK Sähkö Oy, has acquired Exsane Oy, a part of the Iivari Mononen group. Exsane’s business includes the construction, design, and maintenance of electrical, street lighting, and fiber networks. Exsane employs 42 people, and its turnover in 2022 was 7 million euros. The company has locations in Porvoo, Tampere, Heinola, Mikkeli, Lapinlahti, and Joensuu. Exsane will also continue its operations under its own brand with expanded services supported by Habeo Group.

Habeo Group implements its strategy by acquiring successful, locally operating Finnish technical building services companies and is currently the fifth-largest player in its field in Finland. The group operates nationwide and provides services in water and heating, ventilation and air conditioning, electrical work, cooling and refrigeration technology, fire safety, and building automation.

Carner Corporate Finance supported Habeo Group in the acquisitions of TRP Group and Exsane.

Link to Habeo Group press release (in Finnish)