31-03-2023 IPCOM expands its activities in Finland and acquires HL Tech Oy
As part of IPCOM’s ongoing expansion, we are proud to announce that IPCOM has acquired 100% of the shares of HL Tech Oy, a family-owned business based in Vantaa, Helsinki, Finland. With this acquisition, IPCOM further strengthens its market leading position in the Nordic markets for the distribution of Technical Insulation. Furthermore, it will help to offer an even better assortment to our Finnish customers.
HL Tech Oy, founded in 1983, is a Technical Insulation distributor specialized in cellular rubber, stone wool and PVC coating insulation materials. As a market leader in Technical Insulation in the Helsinki area, the company has strong partnerships with its suppliers in order to ensure product quality and fast product delivery. More than 35 years of technical expertise enables HL Tech to offer its customers professional assistance and help them with their most challenging questions.
HL Tech Oy employs 9 people and achieved sales of € 6 Mio in 2022.
“We are excited to join forces with the IPCOM Group. We believe that our expertise and innovative product range will complement those of ISOPARTNER Nordics and Kespet Oy, and we look forward to working together to achieve our shared goals”. said Viktor Lamminaho, CEO of HL Tech Oy.
“Today, we welcome HL Tech Oy to the IPCOM Group. This acquisition is an important step in our growth strategy. It strengthens our position in the important Finnish market and brings further expansion in our core business ISOPARTNER, Technical Insulation. HL Tech Oy is a great company with dedicated employees and superior products in a sustainable sector. In close collaboration with ISOPARTNER Nordics and Kespet Oy, led respectively by Arne Schultz and Pekka Asikainen, the HL Tech team will help us to continue to improve our assortment and service levels to customers in the Finnish market." said Remco Boerefijn, CEO IPCOM Group.