Finnish private equity investor MB Funds becomes partner and majority shareholder of Pohjolan Energia Oy to support company’s growth and international expansion. The current owners continue in key management roles and as significant shareholders in the company.
Pohjolan Energia is the leading small-scale solar energy system provider in Finland. The company operates nationwide and provides rooftop solar energy systems as a turnkey solution through its 15 sales offices. Pohjolan Energia employs today more than 150 solar energy professionals and has reached €20 million net sales level.
”Pohjolan Energia has grown rapidly driven by the increasing demand for solar energy systems in detached houses in Finland. The agreed transaction with MB Funds provides us with even better capabilities to speed up the implementation of our growth strategy. As an experienced private equity investor, MB Funds brings along their considerable contribution and knowledge to develop our business further both in Finland and internationally”, states Lasse Liimatta, CEO of Pohjolan Energia Oy.
”Pohjolan Energia is an excellent company which has done groundbreaking work in bringing renewable energy solutions within the reach of Finnish households. Pohjolan Energia’s customers are according to recent customer satisfaction surveys very satisfied with company’s unique turnkey offering. Currently the whole energy sector is undergoing a major transition when decentralized energy generation such as small-scale solar energy systems in detached houses is gaining momentum. Company’s growth driven management together with its professional personnel has done excellent work in developing the company, and we are excited to be able to join them in accelerating the growth in the domestic market and supporting company’s international expansion”, says Vesa Keränen, Partner at MB Funds.
Partner, MB Rahastot
+358 50 590 9428
CEO, Pohjolan Energia
+358 45 195 9897