# Vestelli Group acquires Vestelli Oy and Smartel Electronics

Vestelli Group Oy acquired the shares of Vestelli Oy and Oy Smartel Electronics Ab on May 11, 2022, combining their wastewater solutions businesses. Pikespo Invest Oy becomes a minority shareholder.

- Type: Acquisition
- Announced: 2022-05-11
- Where: Finland
- Status: completed
- Products: wastewater solutions, water level measurement instruments
- Sectors: [Water Treatment Equipment](https://endata.com/sectors/water-treatment-equipment.md)

## Companies

- [Pikespo Invest](https://endata.com/companies/41249.md) (investor)
- [Vestelli Group Oy](https://endata.com/companies/63219.md) (acquirer)
- [Vestelli Group Oy](https://endata.com/companies/63219.md) (target)
- [Oy Smartel Electronics Ab](https://endata.com/companies/63220.md) (target)

## Sources

- [pikespoinvest.fi](https://www.pikespoinvest.fi/en/vestelli-and-smartel-join-forces/), 2022-06-01: "The companies offer complementary, high-quality and tested solutions to wastewater problems in cottages, houses, residential areas and industry."

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