Norvestor Equity-backed PHM, a firm specialized in servicing and maintaining properties, agreed to acquire Kotikatu, a property services company, form Vaaka Partners, a private equity firm. Financial terms were not disclosed. "Our work is based on the principle of making things right the first time. Customer service and depot sites located near customers create the best possible foundations for smooth, high quality and customer-focused property maintenance services. When our property caretakers receive work orders during the day, they are already likely to be just around the corner from the customer who requested the work. This way, we can act quickly while minimizing driving around in a car. It’s a win for both the customer and the environment," Jussi Niemelä, Kotikatu CEO.