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We advised Kamrock Oy when it purchased all shares of Ab R. & S. Sundvik Oy and acquired the business of Kiviaines Sundvik Ab Oy

  • Finland

    02-06-2021

     

    With particular focus on serving the mining and construction industries as well as infrastructure construction, Kamrock Oy has strengthened its position in the Ostrobothnia region by purchasing all shares of Ab R. & S. Sundvik Oy and acquiring the business of Kiviaines Sundvik Ab Oy. Sundvik's excavation business was sold to Louhinta Kääntä Oy in the same connection. The transaction enables Kamrock to further grow and develop its business.

    Kamrock is a company specialising in crushing and processing aggregate. Founded in 2016 and specialising in particular in serving the mining and construction industries as well as infrastructure construction, the company reached a turnover of EUR 20.8 million in 2020. Through the acquisition and other growth, the turnover will increase to over EUR 30 million this year. Kamrock’s roots are firmly in the bedrock of Northern Ostrobothnia, and it employs over 80 people and has some 20 subcontractor employees. The company operates eight crushing plants across Finland.

    Founded in 1981, Ab R. & S. Sundvik Oy is a family business specialising in crushing operations and producing aggregate. The company operating in Ostrobothnia had a turnover of EUR 8.5 million in 2020. The company employs 36 people and has approximately five subcontractor employees. The company’s three crushing plants mainly operate in varying locations in Ostrobothnia and Southern Ostrobothnia.

    Kiviaines Sundvik Ab Oy was founded in 2016 and is an aggregate sales company. Operating in the Vaasa area, the company had a turnover of EUR 3.5 million and employed four persons and one subcontractor employee.

    Read more about the transaction in:

    Kamrock Oy’s press release (in Finnish)
    Juuri Partners Oy’s press release (in Finnish)

     

    Further information: Partner Kirsi Putkonen

     

    This information is for guidance purposes only and should not be regarded as a substitute for taking legal advice. Please refer to the full terms and conditions on our website.

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