Deal Announcement Triton

Type of deal: Establishment of an infrastructure services platform

Sector: Infrastructure services

Congratulations to Triton Partners and Lohkare Infra on the formation of a new national infrastructure services platform in Finland!

Triton Smaller Mid Cap has created Lohkare Infra through the acquisition and merger of three established Finnish infrastructure companies: VM Suomalainen Oy, Lännen Alituspalvelu Oy and Oteran Oy.

The combined group operates across Finland, generates annual revenues of nearly EUR 200 million, and employs approximately 200 professionals.

Lohkare Infra combines strong regional capabilities and operates in a market supported by long-term demand drivers, including the energy transition and infrastructure renewal across Finland.

Strategy& and PwC Finland provided commercial, financial and tax due diligence services to Triton.

Buyer: Triton Smaller Mid Cap (TSM)

Seller: Shareholders of VM Suomalainen Oy, Lännen Alituspalvelu Oy, and Oteran Oy

Deal announcement date: 30.6.2025

PwC’s role: Strategy& and PwC supported Triton with the deal strategy, as well as commercial, financial, and tax due diligence