# Nordec Group sold to consortium led by Harjavalta Oy and Tirinom Oy

Donges SteelTec GmbH, a subsidiary of Mutares, sold Nordec Group to a consortium company whose major shareholders are Harjavalta Oy and Tirinom Oy, along with Nordec senior management. The transaction is subject to regulatory approval and expected to close in Q4 2022.

- Type: Acquisition
- Announced: 2022-09-22
- Where: Finland
- Status: announced
- Products: steel structures, construction products
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md), [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Mutares](https://endata.com/companies/6466.md) (partner)
- [Donges Steeltec](https://endata.com/companies/27803.md) (partner)
- [NORDEC](https://endata.com/companies/60833.md) (target)
- [Harjavalta Oy](https://endata.com/companies/65471.md) (acquirer)
- [Tirinom Oy](https://endata.com/companies/65472.md) (acquirer)

## Sources

- [nordec.com](https://nordec.com/blog/the-nordec-group-corporation-has-been-sold-to-a-new-consortium-company-2/), 2022-09-22: "The Nordec Group Corporation has been sold to a new consortium company of which major shareholders are Harjavalta Oy and Tirinom Oy."
- [krogerus.com](https://www.krogerus.com/articles/our-work/krogerus-advises-harjavalta-and-tirinom-on-their-acquisition-of-nordec-group), 2022-09-22: "With the takeover of Nordec Group, Harjavalta Oy strengthens its commitment in the Nordic construction sector, and Tirinom Oy expands its international footprint into new segments of the building industry."

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