Lassila & Tikanoja plc has acquired the share capital of NN-Kiinteistötyö Oy, a property maintenance company in Rovaniemi. NN-Kiinteistötyö's net sales is approximately EUR 1.7 million.

"The acquisition supports the strategy of L&T's Facility Services. It also gives us a significant market position in northern Finland. NN-Kiinteistötyö is a well-managed, successful company. With the acquisition, we can combine our property maintenance, cleaning and waste management expertise in the Rovaniemi region. We can provide NN-Kiinteistötyö's customers especially with expertise in technical system maintenance," says Annika Tapio, Regional Director at L&T, shedding light on the background of the acquisition.

Along with the acquisition, the 20 property maintenance professionals employed by NN-Kiinteistötyö will transfer to L&T. The entrepreneurs Pekka Neitola and Esa Narkaus will also transfer to L&T.

"For many years, we have built the company with a long-term focus. We had been thinking about selling the company as neither of us had anyone in the family to continue the business. Our long-term cooperation with L&T made the decision to sell easier. However, the sale happened earlier than planned and consequently, we still want to stay in working life," say Pekka Neitola and Esa Narkaus from NN-Kiinteistötyö Oy.

The acquisition was completed on 2 March 2015.

For additional information, please contact:
Annika Tapio, Regional Director, L&T, tel.
Pekka Neitola, Managing Director, NN-Kiinteistötyö Oy, tel. +358 400 291 865

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