Elcoline Group purchases SSG Sahala. By virtue of the acquisition, Elcoline will employ about 800 professionals in Finland and Sweden. The company’s net sales are expected to increase to 100 million euros in 2024.

SSG Sahala, established in 2008, is a respected Finnish provider of technical services, with a strong customer base in various fields of industry. SSG Sahala provides comprehensive maintenance services, condition monitoring with remote technology, and maintenance and installation projects. The company employes about 200 people in Varkaus, Kouvola, Joensuu, Laukaa, Myllykoski, Mäntyharju and Oulu. SSG Sahala’s net sales for 2023 will be about 20 million euros.

“By joining forces, we can keep industrial operations running even smoother than before and ensure high customer satisfaction. SSG Sahala’s solid reputation and high-quality technical services brilliantly complement our current service selection. We look forward to the cooperation and shared journey of growth over the coming years. We will broaden our services for the industrial growth needs of the entire Finland and continue our expansion in Finland and Sweden,” says Elcoline Group’s CEO Leif Backman.

The acquisition is part of Elcoline’s determined growth strategy towards 250 million euros in net sales

The corporate acquisition bolsters Elcoline’s competence and resources both locally and throughout the Nordics, which enables customers to be provided with even better and more diverse services. After the deal, Elcoline will employ a total of roughly 800 professionals. Elcoline wants to be a genuine Nordic operator, provide its staff with interesting career opportunities and serve customers comprehensively and at a high level of quality.

“The acquisition of SSG Sahala is a significant milestone in Elcoline’s growth strategy. It will support our long-term growth goals and create added value for our most important interest groups. In recent years, we have carried out numerous corporate acquisitions successfully, enabling our customers to access to a wider range of services. This deal, too, provides a wealth of opportunities to develop our business operations even further. We will continue to implement Elcoline’s growth strategy and seek growth both organically and through corporate acquisitions,” says Jere Räisänen, Chairman of the Board of Elcoline Group.

“Our company and staff will have an excellent new home at the strong and capable company Elcoline, which originates from Varkaus and is growing in the Nordics. I am convinced that Elcoline will foster SSG Sahala’s traditions of high-quality services, a customer-oriented approach and an entrepreneurial operating method,” says Jyrki Sahala, owner of SSG Sahala.

New technology for condition monitoring

The deal opens up the opportunity for Elcoline to provide its customers with condition monitoring solutions that utilize remote technology. The cloud-based industrial condition monitoring and data collection system provides customers with versatile and advanced data collection, analysis and monitoring services. The system ensures life cycle maintenance and measurement services, easily and efficiently. Remote monitoring technology is used for preventive and corrective maintenance, improving machine and equipment management, facilitating work planning and streamlining the reporting maintenance and upkeep needs and ordering the work.

The closure of the corporate acquisition requires approval from the competition authority. The deal is expected to take place in the first quarter of 2024.

Additional information:

Leif Backman, CEO, Elcoline Group

+358 43 8243460, leif.backman@elcoline.fi

Jere Räisänen, COB, Elcoline Group

+358 44 5599 144, jere.raisanen@elcoline.fi

Jyrki Sahala, owner and founder, COB, SSG Sahala Oy

+358 40 0556 416, jyrki.sahala@sahala.fi

Elcoline Group Oy

Elcoline is a Nordic company specializing in technical services, with a customer base consisting mainly of international industrial companies. Elcoline carries out installation projects and maintenance for new and existing sites in various fields of industry. By providing safe high-quality services, we ensure reliable production and competitiveness for our customers.

Our services include comprehensive and partial maintenance outsourcing, maintenance service contracts and demanding installation projects. Our wide range of services covers everything from mechanical installation and electrical, automation and instrumentation work to pipe fitting and welding and the shop fabrication of components for the energy industry. Our customers operate in the steel, marine, energy, defense, chemical, industrial construction and mining industries.

Elcoline was established in 2002 and employs some 600 professionals. The company’s turnover will rise to approximately 75 million euros in 2023. Elcoline operates in Finland and Sweden as well as maintenance contract locations around the globe. Our goal is to grow profitably and be the most valued partner in the field for our customers and the most desirable employer for our employees. More information is available at www.elcoline.fi.

SSG Sahala Oy

SSG Sahala is an innovative and responsible industrial maintenance company. Our services cover comprehensive maintenance, condition monitoring, as well as extensive maintenance and installation projects. We operate close to our customers in Finland and in other Nordic countries.

Our most important markets include nuclear power plants, boiler plants, forestry and process manufacturing, from small industrial businesses to global companies, and municipal utility plants. We employ roughly 200 maintenance professionals.

We are known as a strong and responsible operator. We are proud of our long history and professional expertise. We have extensive practical experience in industrial maintenance and knowledge of industrial operating models. This also provides a strong foundation for product development related to devices and software. As such, we are a pioneer in utilizing new technology to provide added value to customers. www.sahala.fi