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  5. Recover Group Acquires L&T Korjausrakentaminen Oy

M&A Deal Summary

Recover Group Acquires L&T Korjausrakentaminen Oy

On May 10, 2019, Recover Group acquired environmental company L&T Korjausrakentaminen Oy from Lassila & Tikanoja

Acquisition Highlights
  • This is Recover Group’s 6th transaction in the Environmental sector.
  • This is Recover Group’s 2nd transaction in Finland.

M&A Deal Summary
Date 2019-05-10
Target L&T Korjausrakentaminen Oy
Sector Environmental
Buyer(s) Recover Group
Sellers(s) Lassila & Tikanoja
Deal Type Divestiture

Target

L&T Korjausrakentaminen Oy

Helsinki, Finland
L&T Korjausrakentaminen Oy provides the planning and implementation of space changes, quick-response damage repair, and other renovation services.

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Buyer(S) 1

Buyer

Recover Group

Oslo, Norway
Category Company
Founded 2013
Sector Environmental
DESCRIPTION

Recover Group is a provider of property remediation and environmental services in the Nordics. Recover Nordic serves insurance companies, municipalities, industrial and commercial companies across the Nordics, helping end-customers return to everyday life as quickly as possible following property damages and unexpected events. Recover Group was founded in 2013 and is based in Oslo, Norway.

DEAL STATS #
Overall 11 of 11
Sector: Environmental M&A 6 of 6
Type: Divestiture M&A Deals 1 of 1
Country: Finland M&A 2 of 2
Year: 2019 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-08 Aktiv Tankrens AS

Oslo, Norway

Aktiv Tankrens AS is a Norwegian environmental specialist providing hazardous waste management services including the cleaning, inspection, and removal of oil tanks.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-08 Redo

Vantaa, Finland

Redo is a provider of first response and building remediation services, with an end-to-end service offering and nation-wide geographical footprint. Redo provides the full value chain of services for inspection, demolition, drying and reconstruction during water and fire damages, odour and moisture. Redo is based in Vantaa, Finland.

Sell -

Seller(S) 1

SELLER

Lassila & Tikanoja

Helsinki, Finland
Category Company
Founded 1905
Sector Environmental
Employees7,303
Revenue 771M EUR (2024)
DESCRIPTION

Lassila & Tikanoja is a service company that is transforming the consumer society into an efficient recycling society. Lassila & Tikanoja was founded in 1905 and is based in Helsinki, Finland.

DEAL STATS #
Overall 1 of 1
Sector: Environmental M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Finland M&A 1 of 1
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-03-01 Hämeenlinnan Puhtaanapito Oy

Hameenlinna, Finland

Hämeenlinnan Puhtaanapito Oy is a provider of waste management, recycling services and hazardous waste services.

Buy -
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