# YIT and Lemminkäinen to merge

YIT Corporation and Lemminkäinen Corporation agreed to combine through a merger, creating a company with preliminary combined annual revenue of approximately EUR 3.4 billion and around 10,000 employees. Lemminkäinen will be merged into YIT.

- Type: Acquisition
- Announced: 2017-06-19
- Where: Finland
- Status: announced
- Products: urban development services
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [YIT](https://endata.com/companies/3873.md) (acquirer)
- [Lemminkäinen Corporation](https://endata.com/companies/24975.md) (target)

## Sources

- [yitgroup.com](https://www.yitgroup.com/en/news-repository/stock-exchange-releases/yit-and-lemminkainen-to-combine), 2017-06-19: "The combination will create a financially strong company with urban development as the engine for growth and profitability."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.