M&A Deal Summary

Afry Acquires Carelin

On March 1, 2024, Afry acquired energy services and equipment company Carelin

Acquisition Highlights
  • This is Afry’s 1st transaction in the Energy Services and Equipment sector.
  • This is Afry’s 2nd transaction in Finland.

M&A Deal Summary

Date 2024-03-01
Target Carelin
Sector Energy Services and Equipment
Buyer(s) Afry
Deal Type Add-on Acquisition

Target

Carelin

Seinäjoki, Finland
Carelin provides energy and asset care services which include asset lifecycle management during the asset’s operation phase, as well as site care services, including mandatory and voluntary inspection and audit services across the asset lifecycle. Carelin is based in Seinäjoki, Finland.

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Buyer(S) 1

Buyer

Afry

Stockholm, Sweden

Category Company
Founded 1895
Sector Engineering
Employees17,900
Revenue 27.2B SEK (2024)
DESCRIPTION

Afry is an engineering and design company within the fields of energy, industry, and infrastructure. Afry creates sustainable solutions for the next generation through talented people and technology. Afry was founded in 1895 and is based in Stockholm, Sweden.


DEAL STATS #
Overall 9 of 10
Sector: Energy Services and Equipment M&A 1 of 1
Type: Add-on Acquisition M&A Deals 8 of 9
Country: Finland M&A 2 of 2
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-21 Pöyry

Vantaa, Finland

Pöyry is an international consulting and engineering company. Pöyry provides services across the full project lifecycle, solving complex challenges faced by the world’s toughest industries. Pöyry was founded in 1958 and is based in Vantaa, Finland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-07-14 Reta Engenharia

Belo Horizonte, Brazil

Reta Engenharia is a Brazilian provider of comprehensive project and construction management services to clients from the mining and metals sector. Reta Engenharia is based in Belo Horizonte, Brazil.

Buy -