Sortera Group acquires Vaihtolava and expands in the Nordic
Sortera Group has acquired Vaihtolava, a Finnish company within logistics and sorting of construction material. The acquisition will give Sortera Group a substantial presence and platform in Finland.
Vaihtolava provides logistics and sorting of construction materials, with a strong foothold in the Helsinki region and the southern part of Finland. The company has approximately 100 employees and sorts over 100,000 tons of waste annually, handled in two sorting facilities in Helsinki. The annual revenue is approximately MEUR 18.
“The acquisition of Vaihtolava enables Sortera Group to create a solid platform in the Finnish market,” says Sebastian Wessman, CEO in Sortera Group.
Vaihtolava has seen a strong growth over the last years, winning both market shares and riding market growth in it’s current core segments. Customers are small and medium sized renovation companies, housing cooperatives and Finnish municipalities.
“In order to improve our customer offering and drive further growth, we are very happy to now become part of Sortera Group. Sortera and Vaihtolava fit well together and we look forward to an exciting future together with our personnel, customers and suppliers,” says Hannu Poutiainen, CEO in Vaihtolava. Poutiainen and the rest of the management team in Vaihtolava will continue to lead the Finnish operations.
This is Sortera Group’s 13th acquisition since it was established in 2006.
For interviews or more information:
Hannah G. Jacobsen
Investment Director and Head of IR, Summa Equity
+47 936 41 960
CEO, Sortera Group
+46 72 886 95 97
About Sortera Group
Sortera Group is a Nordic environmental company which, through its three business areas (Recycling, Industry and Materials), strives to be the leading environmental entrepreneur on the Nordic market, with solutions that contribute to increased sustainability and improved environmental performance in all of the company’s operations. With just over 420 employees and a turnover of more than SEK 1.3 billion, Sortera conducts its own operations from sales, collection, treatment and recycling to final recipients. Sortera performs daily services for thousands of companies and private individuals in the Nordic region.