Announced

Completed

Koskisen completed the acquisition of Iisveden Metsä assets for €22.5m.

Synopsis

Koskisen, an international wood processing specialist, completed the acquisition of Iisveden Metsä assets, a Finnish sawmill company that specializes in producing spruce sawn timber, for €22.5m. "The acquisition of the business operations of Iisveden Metsä is a key part of Koskisen’s sustainable growth strategy, according to which we aim to increase the Group’s revenue to EUR 500 million by the end of 2027 through organic and inorganic growth. Once completed, this acquisition will support both goals: it will directly increase the revenue of Sawn Timber Industry by about one-third, while ensuring the availability of raw materials and enabling organic growth in Panel Industry,"Jukka Pahta, Koskisen CEO.

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