Dec 31, 2024ACQUISITIONFinland Elcoline Group completes acquisition of Fortum's Turbine and Generator Services business
Elcoline Group Oy completed the acquisition of Fortum's Turbine and Generator Services (TGS) business on December 31, 2024. TGS, with over 170 employees in Finland, Sweden and Germany, had a turnover of EUR 32 million in 2023.
Productsturbine and generator maintenance servicesequipment condition monitoringcontrol and protection system upgrades
“The acquisition is well in line with our ambitious growth strategy towards our EUR 250 million revenue target.”elcoline.com
- 1 source
- elcoline.comThe acquisition of Fortum’s Turbine and Generator Services (TGS) business has been completed – The acquisition strengthens Elcoline’s position as a Nordic provider of technical services to industry - Elcoline GroupadminDec 31, 2024
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