Coor Service Management grows sharply in Finland by acquiring Lujapalvelut Oy

Coor Service Management (Coor) is taking a decisive step in Finland by acquiring the facility management-company Lujapalvelut Oy. This transaction strengthens Coor's position as a full-range service man-agement company in FM services and industrial service, with the capacity to support private corporations and public bodies nationwide in Finland.

Lujapalvelut Oy is a professional services provider, delivering FM-related services such as building maintenance, cleaning services and office services to other businesses and public bodies. Primarily, Lujapalvelut Oy is active in Helsinki, Oulu, Vaasa, Turku, Tampere and Kuopio. Its customer base includes for example Finnish Railway, Senate Properties, University of Oulu, Yleisradio and pension fund company Varma. Lujapalve-lut's sales are some EUR 27 m, and it has around 500 employees.

The acquisition means Coor is significantly consolidating its position in Finland, with annualized sales of some EUR 50 m and over 850 employees.

"We're delighted about this deal. Lujapalvelut Oy is a well-managed services provider with a high level of competence, bringing us the strength and geographical coverage we need. We will keep developing our Finnish business with the ambition of delivering good and value-added services to the Finnish private and public sectors, and providing our clients with continuous improvements in our service delivery. Our goal is to be the leading services provider also here in Finland," commented Ulf Wretskog, President of Coor in Finland.

The acquisition will be effective after approval by the competition authority.

"In Coor, we've found an industrial owner that will be able to keep developing Lujapalvelut's business, customers and employees positively. The companies have the same high ambition and businesses that complement and strengthen each other," responded Juuso Kivinen, Partner at Sponsor Capital Oy, principal owner of Luja-palvelut Oy.

"Coor´s sharp focus on continuous improvements gives us even better possibilities to offer value-added and sustainable services to our customers, which strengthen our competitive advantage", commented Johan Mild, CEO of Lujapalvelut Oy.

For more information, please contact

Ulf Wretskog CEO, Coor Service Management in Finland
+358 50 590 22 93 ulf.wretskog@coor.com

Åsvor Brynnel Head of Corp Communications, Coor Service Management
+46 8 553 954 04 asvor.brynnel@coor.com

Kirsi Bergman HR & Communications Director, Coor Service Management in Finland
+358 40 836 9400 kirsi.bergman@coor.com

Juuso Kivinen Partner, Sponsor Capital Oy +358 50 521 1444 juuso.kivinen@sponsor.fi