Elcoline’s new M&A and Strategy director Petra Thorén has started in her position on 1.8.2024. Thorén is responsible for Elcoline Group’s M&A transactions in Finland and Sweden, as well as for implementing and developing the company’s strategy. Her duties also include other development activities.

Previously, Thorén has worked as a member of YIT’s Management Team. She also has 12 years of solid experience in the industry and customer sector, including operative and board work. Thorén currently plays a significant role in Kreate’s Board of Directors, which focuses on infrastructure construction. Previously, she has also served on the board of Keliber, which focuses on the mining industry. She has led several M&A transactions and has a wealth of experience in M&A planning, acquisitions and integration.

She also has extensive expertise in corporate governance and IPO preparations. As a leader, she is known for her energetic leadership style and ability to build trust and promote team performance.

“It’s really exciting to join Elcoline. The company has a great track record and has grown strongly with an entrepreneurial culture. In addition, Elcoline has ambitious strategic targets, and I am pleased to be part of Elcoline’s team on this growth journey,” says Petra Thorén, M&A and Strategy Director at Elcoline Group.

Elcoline’s growth targets for the new strategy period are high, as the company aims for a turnover of EUR 250 million. Today, Elcoline employs nearly 800 industrial professionals and has grown into a significant industrial service company in the industry, offering its customers a comprehensive range of industrial installation projects and maintenance services in Finland and Sweden, both locally and nationwide. In addition, the company provides its international customers with maintenance work around the world through its service agreements. The company’s turnover is currently approximately EUR 100 million.

“With this talent reinforcement, we will be able to improve Elcoline’s capabilities in M&A transactions and while reducing related external costs and thus act in line with our strategic goals – continue our profitable growth through both M&A and organic development. Under Petra’s leadership, we will also further develop the M&A process, such as the smoothness and efficiency of post-acquisition integration,” says Jere Räisänen, the Chairman of Elcoline Group’s Board of Directors.

With its determined growth strategy, Elcoline strengthens its position as a Nordic player that offers its employees interesting career opportunities and serves its customers in industrial technical services comprehensively, safely and with high quality.

Additional information:

Jere Räisänen

Chairman of the Board

Elcoline Group Oy

+358 44 559 9144

jere.raisanen@elcoline.fi

Contacts related to acquisitions:

Petra Thorén

Director, M&A and strategy

Elcoline Group Oy

+358 40 764 5462

petra.thoren@elcoline.fi

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. 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 and www.elcoline.se.