Norwegian Personalhuset becomes owner in Aaltovoima

The majority in Aaltovoima sold to Norwegian Personalhuset.

The majority in Aaltovoima, a company providing personnel and recruitment services, was on 30th December 2016 sold to Personalhuset Staffing Group from Norway. The estimated revenue of Aaltovoima in 2016 amounts to over 10 MEUR and together with the new partner, the strong growth is expected to continue. Aaltovoima is a leading staffing company in the construction, building service technology and industry segments, and it complements Personalhuset’s current operations in Finland. Aaltovoima’s current owners continue as shareholders in the company.

Oehlandt & Co acted as the financial adviser to the sellers.

Aaltovoima’s press release can be read here (in Finnish) and Personalhuset’s stock exchange release here.

December 2016.