# Consolis acquires TMB Group to strengthen position in Northern Europe

Consolis, through its subsidiary Parma Oy, signed an agreement to acquire TMB Group, a precast concrete manufacturer in the Baltics and Finland, with revenue exceeding EUR 120 million in 2017 and about 500 employees.

- Type: Acquisition
- Announced: 2018-08-06
- Where: Baltic countries and Finland, Estonia
- Status: announced
- Products: precast concrete elements
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Consolis](https://endata.com/companies/23723.md) (acquirer)
- [Parma Oy](https://endata.com/companies/33590.md) (acquirer)
- [TMB Group](https://endata.com/companies/33591.md) (target)

## Sources

- [parma.fi](https://parma.fi/parma-ostaa-virolaisen-tmb-konsernin/), 2018-08-06: "TMB Groupin osto on osoitus tavoitteestamme vahvistaa entisestään asemaamme tärkeimmillä Euroopan markkinoillamme."
- [privateequitywire.co.uk](https://www.privateequitywire.co.uk/consolis-acquire-tmb-group/), 2018-08-06: "Consolis Group, a European supplier of precast concrete solutions, is to acquire TMB Group, a producer of concrete elements in the Baltic countries and Finland."

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