“SRV Infra Oy has developed excellently in recent years. The sale of the company strengthens SRV’s balance sheet and liquidity. This is of great importance in accelerating our strategy, where we have consistently stated our focus on growing developed and developer-contracted housing and business premises construction, as well as reinforcing building construction contracting,” says Saku Sipola, CEO, SRV Group Plc. “At the same time, we see Kreate as an excellent buyer, as it has both the capability and the commitment to invest in the development of SRV Infra’s strategy and personnel, consisting of approximately 100 persons.”
“The acquisition supports Kreate’s profitable growth strategy by strengthening the expertise and business of our organization. It allows us to further deepen our focus on technically demanding infrastructure construction with sharp areas of specialization. We see strong potential for in-depth contractual cooperation between SRV and Kreate, as well as between the new and existing organizations. The positive development of the underground rock construction market is driven by investments in safety and security of supply, while urbanization and the investment needs of the green transition support foundation and special foundation construction,” summarizes Timo Vikström, CEO of Kreate Group.
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