LEMMINKÄINEN CORPORATION PRESS RELEASE 12.6.2008 AT 10.45
LEMMINKÄINEN INFRA OY ACQUIRES TOLAROCK OY
Lemminkäinen Group's Lemminkäinen Infra Oy has acquired full ownership of the
Kajaani-based Tolarock Oy, which was founded in 2000 and operates nationwide in
Finland. Tolarock Oy is a rock engineering company specialised in hard rock
tunnelling and mining excavation. The company's current works include
excavations at the Hitura and Särkiniemi mines.
Tolarock Oy will continue its operations as a subsidiary of Lemminkäinen Infra
Oy. Tolarock's net sales in 2007 were just over EUR 4 million. The company
employs 21 people, who will be retained as serving employees. Markku Tolanen
will continue to act as the Managing Director of Tolarock Oy.
”The acquisition will enable Lemminkäinen Infra Oy to better serve its mining
industry clients in Finland and in Sweden, says the Managing Director of
Lemminkäinen Infra Oy, Mr. Timo Kohtamäki.
Director Risto Kupila
Lemminkäinen Infra Oy
Tel. +358 2071 53608, +358 40 585 3077
Lemminkäinen Infra Oy is Finland's biggest infrastructure construction company.
The company's operations include the construction and maintenance of road,
street and rail networks, as well as rock and foundation engineering works. The
company also has it own asphalt, ready-mix concrete and mineral aggregate
production. Lemminkäinen Infra Oy's key markets are in the Baltic Rim region.
International operations make up about a half of the company's net sales, which
totalled EUR 820 million in 2007. The company employs 3,300 people.
Lemminkäinen Group operates in all areas of the construction sector. Its main
business sectors are building construction, infrastructure construction,
technical building services, and building products. Net sales in 2007 were
approx. EUR 2.2 billion, of which international operations accounted for over a
quarter. The Group employs about 9,200 people. Lemminkäinen Corporation's share
is quoted on OMX Nordic Exchange Helsinki.