News
MANAGEMENT AND KEY PERSONNEL ACQUIRE LOUHINTAHIEKKA OY
20/12/2023
A group A group consisting of key personnel and external management professionals has acquired Louhintahiekka Oy, infrastructure construction company specialising in complex and demanding infrastructure and civil engineering work. The acquirers have an extensive experience in the industry as well as in management and business development. Louhintahiekka was sold by its CEO Mika Jokela and his family.
Founded in 1974, Louhintahiekka Oy is one of the leading infrastructure construction companies in Finland, specialising in complex and demanding projects. It offers a wide range of services such as earth and rock engineering, road construction, foundation and concrete construction and industrial construction services.
- Louhintahiekka is a well-known and respected company in the infrastructure construction sector and has skilled personnel and excellent references. It has a sound financial position, its equipment is in a great condition and the order book is strong. We see a significant potential to further develop the business and continue Louhintahiekka’s journey into the next decade, says Aapo Lahtinen, who will be the CEO of Louhintahiekka.
- We wanted to find good successors for our company who understand the business and industry. It was important to find a long-term and committed owner who respects Louhintahiekka’s long history and traditions, says outgoing owner and CEO Mika Jokela
Louhintahiekka's revenue exceeded 100 million € and EBITDA one million € in the last financial year (ended 31 May 2023). The company's strong balance sheet and the stable economic outlook for infrastructure construction are an excellent foundation for business development and continued growth.
- We aim to be a profitable and growing infrastructure construction company specialising in demanding work. We will invest in growth in line with long-term trends and continue to be involved in building significant projects in Finland. We aim to be an attractive and safe employer for our employees and a reliable, flexible and professional partner for our customers, continues Lahtinen.
Aapo Lahtinen was previously the deputy CEO and Chairman of the Board of Louhintahiekka. In addition to Lahtinen, the acquirers include Louhintahiekka's project managers Mikko Korhonen, Jani Pullikka and Aleksi Vipusaari as well as management professionals Mikko Matero and Juhana Vuojala. Pirkka Partanen acted as an investor in the transaction through his companies and joins the board of directors.
Matero has more than ten years of experience as a CFO in large organizations such as Gigantti and Suomen Asuntoneuvojat. Vuojala, who starts as the Chief Strategy Officer, has an extensive international career in M&A, financing and business development.
Louhintahiekka has a strong market position in the infrastructure construction industry and has been involved in significant projects, such as the expansion of Helsinki-Vantaa Airport, renovation of the Helsinki Olympic Stadium, as well as the construction of Metsä Group's bioproduct factory in Kemi and Helen’s bioheat power plant in Helsinki.
Additional information:
Aapo Lahtinen
tel. +358 40 702 1849
aapo.lahtinen@louhintahiekka.fi
Achievers CERTIFICATE 5 YEARS IN A ROW for Louhintahiekka
November 2021
Louhintahiekka has been awarded the Kauppalehti Certificate of Success. A company that has earned a certificate is recognized as a better partner, and the certificate also anticipates the future success of the company. A successful company is one of those that a financial analytics professional has found to perform better than their peers. Financial success is built on several different areas: skilled business management, dedicated staff, efficient processes, and customer understanding.
The analysis measures the company's financial performance in six different areas: growth, profitability, earnings, liquidity, solvency and risk tolerance. In each area, the company is compared to companies in its own size class, to all companies and to companies in its own industry. Becoming successful requires more than good liquidity and non-payment. This model, based on an analysis of six components, identifies both risks and differentiates good companies. The successful company is a pillar of Finnish competitiveness and development. Common to all Successes is vision, courage, and a desire to do business better than others.
RALA certification for Louhintahiekka Occupational Safety and Health System
September 2021
Our company's occupational safety and health system received RALA certification in September 2021.
Certification reinforces our already strong commitment to the determined management and development of our most important asset, our staff, our well-being and our security. Our customers can also be assured that our occupational safety activities are of high quality and development-oriented.
Our partners and subcontractors on our construction sites also benefit from the practices of a certified safety system.
Security management principles
- Management Commitment
- An open and proactive safety culture
- Continuous improvement of security
Louhintahiekka involved in building the Kemi bioproduct factory
Louhintahiekka Oy has signed an agreement with Metsä Fiber, part of the Metsä Group, for the implementation of causticisation of the Kemi bioproduct factory and a local casting contract for a lime kiln.
September 2021
The Kemi bioproduct factory is the largest investment in the history of the forest industry, valued at approximately EUR 1.6 billion. It will become the most efficient wood processing plant in the northern hemisphere. The contract includes a lot of demanding concrete structures and coordination with other actors in the project. The project includes a total of 18,000 m3 of concrete and about 2 million kilograms of steel.
We have started the groundwork for the project and the reinforcement and formwork for the first in-situ casting structures, in September it will be the turn of the in-situ casting work for the tank structures. The project emphasizes the professionalism of the Louhintahiekka project organization, as a result of which the project is a continuation of the well-started cooperation with BemaPro Oy. Together, we carried out boiler and LTO on-site casting work for Helen Oy's Vuosaari biopower plant, and from there we have headed our organization towards a major project in the North!
With a large project, the importance of safety is emphasized. Mining personnel have been among the first to be awarded the RALA safety certificate, which indicates the personnel's commitment to common safety guidelines and rules. We set out to implement our own contribution to the big project with a good team spirit!
“We want the best professionals and experts in their field to partner to build a modern bioproduct factory in Kemi. We require our partners to commit to project goals in terms of safety, schedule and quality. Louhintahiekka Oy operates in accordance with these principles, ”says Jari-Pekka Johansson, Director of the Bioproduct Factory Project, from Metsä Fiber.
More information:
Louhintahiekka as the main contractor in renovation of Inkeroinen power plant dam structures
May 2021
Together with Kemijoki Oy, we are launching a contract for the renovation of the dam structures of the Inkeroinen power plant in 2021–2023. The dam structures to be repaired have reached a very respectable age of 100 years, so this is a unique project. The operating environment places very high demands on safety, quality and stakeholder engagement - and we are ready to meet these challenges!
Louhintahiekka CONTAINS "Kasin Katutyöt" STREET WORKS IN HELSINKI
March 2021
In January 2021, a major street renovation began in Helsinki on Caloniuksenkatu, Kaarlenkatu and Helsinginkatu. The main contractor in the project is Mining Sand. The great street work began with small cobblestones when water pipes and sewers were first renovated in small construction sites. The work is scheduled to be completed in 2022.
Part of the water pipeline was built in the early 20th century, so in connection with the street renovation, the pipes under the street will be renewed. Cables and street structures will also be renewed. Water supply lines will be built at 1,600 meters and sewer pipes at 2,000 meters. In addition to excavation and backfilling work, the works require e.g. mining and blasting in a vibrant urban environment.
WE LAND OFFICE BUILDING IN HELSINKI RUOHOLAHTI in progress
February 2021
In cooperation with the City of Helsinki and JKMM Architects, NCC has developed the We Land office building in the Ruoholahti area, the core of which is open spaces, high-quality restaurants, cafés and events open to actors and residents in the area. The building will be implemented in accordance with the BREEAM environmental classification, with the goal of an internationally exceptional BREEAM Outstanding rating. The estimated completion date is the end of 2023.
Louhintahiekka implements the earthworks of the site, e.g. excavation work, rock drilling, rock ramming, drilling piling, rock reinforcement work, rock injection and reinforcement and concreting work of drilled drilling piles.
MORE INFORMATION ABOUT THE WE LAND OFFICE BUILDING PROJECT:
ncc.fi/projektit/we-land-helsinki/
ncc.fi/projektit/we-land-helsinki/viikkotiedotteet/
During 2020–2021, Louhintahiekka will carry out earthworks and concrete work for Helen Oy's Vuosaari Bioenergy heating Plant VuC project.
November 2020
As part of a carbon-neutral future, Helen will build a bioheat plant in Vuosaari, which will utilize unique energy efficiency and waste heat from flue gases will be utilized in an unprecedented way.
Louhintahiekka contracting Mossin Puistokatu in Tampere
October 2020
In May 2020, Louhintahiekka Oy has started contracting for Moss Park Street, which belongs to the Lamminrahka residential area. The contracting will be carried out on the newly built section of Moss Park Street. The total length of the street is 3.6 km, of which about half is located in the Lamminrahka and half in the Ojala area. The centers of both Lamminrahka and Ojala will be built along the street and it will be implemented on a slow-moving, green park street with street-side parking lots. Roundabouts will be built at the intersections of the collector streets.
Up-to-date information on the progress of all Ojala-Lamminrahka infrastructure contracts and the effects on mobility in the area has been compiled on Lamminrahka's website. 
REMEO IMPLEMENTS FINLAND'S MOST ADVANCED RECYCLING PLANT IN VANTAA - LOUHINTAHIEKKA RESPONSIBLE FOR CONSTRUCTION AND FOUNDATION WORK
Lokakuu 2020
The location of the new recycling plant in the circular economy concentration formed by Vantaa Energy and Remeo Oy along the highways is excellent for thinking in accordance with the circular economy. Construction of the plant began in May 2020 with earthworks and the plant will start up in late 2021.
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Remeo Recycling plant »
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Vantaa Energy’s Waste-to-energy plant »
Louhintahiekka was also responsible for the earthworks and foundations of the Vantaa Energy's Waste-to-energy plant extension next to the Remeo waste treatment plant.
LOUHINTAHIEKKA - EXECUTOR OF DEMANDING INFRA CONSTRUCTION PROJECTS SINCE 1974
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