Puurakentajat Group raises new funding for growth

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The Finnish solid wood construction company Puurakentajat Group has received new growth funding from a family business Onvest and Tesi (Finnish Industry Investment Ltd). Having done so, the company receives support and space to further develop the business already growing strongly to new heights.

Wood constructon has seen dramatic growth both domestically and globally. Key drivers in the growth have been the goals and guidelines for carbon neutrality and more sustainable use of wood.

“Tesi has identified wood construction as a growth area with opportunities for high positive impacts. Using solutions based on solid wood improves sustainability of the construction value chain and increases the added value of wood in Finland. We want to support the growth of the entire wood construction ecosystem by increasing Finnish industrial investments. Puurakentajat is a pioneer in solid wood construction in Finland and is now getting new owners to support its long-term growth ambitions,” says Esa Koponen, Investment Manager at Tesi.

Read more:

Press release by Puurakentajat 9.11.2021

Additional information:

Esa Koponen, Investment Manager, Growth and Industrial Investments, Tesi

Puurakentajat Oy Group is a Finnish group specialising in wood technology and construction with decades of experience in solid wood construction and renovation. We design, produce and build ecologically sustainable and healthy single-family houses, apartment blocks, schools and day-care centres, among others. All the buildings are made from wood sourced from PEFC-certified forests. The use of CLT (Cross Laminated Timber, solid wood elements) is at the core of our competence. The use of solid wood elements enables new architectural solutions and enhances construction, both economically and from the viewpoint of the environment and health. We construct buildings where people feel good. www.puurakentajat.fi

Tesi (Finnish Industry Investment Ltd) is a state-owned investment company that wants to raise Finland to the front ranks of transformative economic growth by investing in funds and directly in companies. We invest profitably and responsibly, hand-in-hand with co-investors, to create the world’s new success stories. Our investments under management total 2.1 billion euros. www.tesi.fi | @TesiFII