Four Finnish institutions invest in industrial maintenance firm

The four investors are EAB Private Equity, pension insurance company Elo, Finnish Industry Investment and local investment cooperative Arvo Sijoitusosuuskunta.

Founder and chairman of the board of Elcoline Group Jere Räisänen (l.) and the company's CEO Leif Backman (r.). | Photo: PR Elcoline.

by REETA ILONA PAAKKINEN

Four institutional investors in Finland have made an equity investment in a Finnish industrial maintenance services company Elcoline, which envisions growing its business also in Sweden.

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Front page now

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