QMG expands in Finland through two acquisitions in Western Finland
QMG, part of the Nimlas Group, is growing in Western Finland by acquiring electrical company Insinööritoimisto Unto Rantanen and HVAC company Ilmastointi ja Pelti Hakala from Pori. With these two acquisitions, QMG's national network is further strengthened.
Founded in 1984, Insinööritoimisto Unto Rantanen offers a wide range of electrical contracting services from design to installation. The company's turnover for the financial year ending in June 2023 was 4.7 million euros, and it employs over 20 electrical professionals.
Ilmastointi ja Pelti Hakala, established in 2009, is a comprehensive expert in ventilation installations and maintenance. Their services also include the manufacturing of ventilation parts in their own workshop and building sheet metal work. The company employs 20 professionals and had a turnover of 4.6 million euros for the financial year ending in September 2023.
QMG has made six acquisitions and two asset deals in 2024. The acquisitions in Satakunta are a continuation of QMG's strategy-driven growth and further strengthens its national network. They are aligned with Nimlas Group’s growth objective of reaching 12 billion SEK in revenue and achieving a 10% EBITA.
-Our extensive locally managed network appeals to national, multi-location customers, who are looking for committed and agile local partners. We are a nation-wide local option, and our companies have not only utilized the group's services but also found strategic cooperation opportunities from the network, says QMG's CEO Tiina Koppinen.
Both companies will maintain their established brands and continue to operate from their current locations, ensuring continuity for their customers and employees. The leadership will remain intact, reinforcing to long-term growth within the group.
-QMG comprises high-quality companies across Finland, all strong players in their regions. It is a pleasure to join this group. We will continue with our agile team, providing diverse electrical contracting services to both local and national customers, says Ville Juhala, MD of Insinööritoimisto Unto Rantanen.
-Our customers value our flexible and quick service delivery. Joining QMG gives us access to broader resources, allowing us to develop our operations even further, says Henrik Hakala, MD of Ilmastointi ja Pelti Hakala.
With these acquisitions, Nimlas Group comprises 130 strong local brands and positions with over 4000 professionals.
About Nimlas Group
Nimlas Group is a leading Nordic technical installation services company, with over 130 locally managed businesses operating through Sandbäckens in Sweden, Konstel in Norway, and QMG in Finland. With more than 4,000 dedicated employees, we provide a full range of technical services including heating, sanitation, electricity, automation, ventilation, cooling/refrigeration, fire safety, and related services such as design, security, and energy optimization.
Nimlas vision is to become the most profitable installations group driving sustainability in the Nordics, providing the best environment for companies to grow. The group has an annual turnover of approximately SEK 8 billion. Learn more at www.nimlasgroup.com.
Anna Simula
Marketing and Communications Manager QMG, Finland
anna.simula@qmg.fi
+358 40 544 4865
