The board of directors of Elcoline Group has appointed Elina Engman as the new CEO of the company. She will start in her role on September 1, 2024. The current CEO, Leif Backman, will continue in his post until the new chief executive officer takes over.

Elina Engman has extensive industrial experience and competence, which are the key for implementing the company’s new stage of growth. She has previously served as the Executive Vice President of Caverion, and has also held several management positions at both large listed companies and smaller industrial operators. Engman has gained merit for achieving profitable growth. She also has experience from board work with several different companies, such as Gasum, Kemijoki and Versowood.

“It is great to be able to implement a strong growth strategy together with the professionals of Elcoline. I am looking forward to meeting my new colleagues and customers. I believe it is important to get to know the people and visit the field regularly. I’m especially invested in ensuring the occupational safety of operations,” says Elina Engman, the new CEO of Elcoline Group.

Jere Räisänen, the Chairman of the Board of Directors of the Elcoline Group, warmly welcomes Engman to Elcoline and to lead the company profitably towards its new turnover target of EUR 250 million. “Elina’s solid professional skills and industry experience combined with human-centered management will help us strengthen our position as an operator focusing on industrial technical services. The new CEO will also give us in-depth knowledge of the energy sector, which we will need to promote the green transition. As the company is being pushed to the next level during the new strategy period, we aim to build ever closer and more comprehensive partnerships with our customers,” says Räisänen.

“I would also like to thank Leif Backman for his contribution to the growth of Elcoline from a business employing 200 people into an industrial service company employing around 800 professionals. It is great that Leif will stay on as the owner of Elcoline and will continue to support the company when needed. I wish him good luck and success in the next phase of his career,” continues Räisänen.

“It has been a pleasure to lead Elcoline and work with its competent and committed staff. Together, we have taken a great journey and managed to achieve the growth goals we set five years ago. I am very pleased that Elcoline has found such an experienced industrial specialist to accelerate its Nordic growth,” says Backman.

Additional information:

Jere Räisänen

Chair of the Board

Elcoline Group Oy

+358 44 559 9144

jere.raisanen@elcoline.fi

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Elcoline in brief

Elcoline is a Nordic growth company specializing in industrial technical services, with a customer base consisting mainly of international industrial companies. Elcoline carries out demanding 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.

Elcoline services include comprehensive and partial maintenance outsourcing, maintenance service contracts and demanding installation projects. The company’s wide range of services covers everything from mechanical installation and electrical, automation and instrumentation work to pipe fitting, welding, access control and data collection. We will also carry out the manufacturing and maintenance of heat exchangers, steam batteries and pressure equipment. Elcoline’s customers come from the metal and mining industries and from maritime, energy, defense and process industries, as well as from the field of industrial modular construction. 

Elcoline was established in 2002 and employs some 800 professionals in Finland and Sweden and at maintenance contract sites around the globe. As a result of a recent acquisition, the company’s turnover will reach the level of EUR 100 million in 2024. In addition to its founders, management and personnel, Elcoline’s owners comprise its investors: Evli, Elo Mutual Pension Insurance Company, Tesi Finnish Industry Investment Ltd. and Arvo Sijoitusosuuskunta. 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.