The owners of the Oulu-based renovation construction company KTC Group Oy and Kotera Group Oy have executed a corporate restructuring in which KTC Group Oy becomes part of the Kotera Group. The transaction between the parties was completed on 21.2.2025. Following the transaction, KTC Group Oy will continue its operations as before, with its current business ID, staff, and brand. The transaction will not affect the company’s customer relationships or personnel. In addition, the sellers of KTC Group Oy will continue
in the company’s management and as owners through Kotera Group Oy’s shareholding.

With the corporate acquisition involving KTC Group Oy, Kotera Group’s pro forma revenue in 2024 increases to over 130 million euros. Across the group’s eight operational subsidiaries – Bark Oy, LVI Kurikka Oy, RKM Group Oy, TT-teknologia Oy, Ahosen Palvelut Oy, Pre One Oy, Kuratek Oy, and KTC Group Oy – approximately 400 people are employed in total.

”We are pleased to welcome KTC Group, along with its personnel, as part of Kotera Group. KTC Group is Kotera Group’s first subsidiary specializing in renovations. The company has a strong foothold in the construction market in the Oulu region, and it is known for its high quality and strong collaborative capabilities. The company forms a solid foundation for our growth in the construction market in Northern Finland,” says Tuomas Forsberg, CEO of Kotera Group Oy.

”KTC Group has grown in recent years into a significant renovation contractor in its market. Joining Kotera Group enables KTC Group to secure opportunities for stable growth, synergy benefits, and the ability to continue its business with its own strong expertise well into the future. We are extremely excited about the opportunities that the business acquisition brings,” says Pasi Rytkönen, CEO of KTC Group Oy.

For more information:

Pasi Rytkönen, CEO, KTC Group Oy
+358 44 986 2066, pasi.rytkonen@ktcgroup.fi

Tuomas Forsberg, Group CEO, Kotera Group
+358 45 631 8597, tuomas.forsberg@koteragroup.fi

Kotera Group Oy
Kotera Group Oy is a diverse Finnish construction growth company founded at the end of 2023, specializing in industrial construction and services, HVAC technical contracting and maintenance, repair and damage restoration, and demolition and recycling services. The group employs about 400 people across eight subsidiaries throughout Finland. Companies within the group include Bark Oy, LVI Kurikka Oy, RKM Group Oy, TT- teknologia Oy, Ahosen Palvelut Oy, Pre One Oy, Kuratek Oy and KTC Group Oy. The group’s pro forma revenue in 2023 was approximately 127 million euros, and its EBITDA was about 12,5 million euros. The company is owned by Finnish investment company Korpi Capital Oy, a Swedish private equity fund managed by Bragnum Invest AB, and key personnel of the companies. More information on the company’s website: https://koteragroup.fi/

KTC Group Oy
KTC Group is an Oulu-based construction company established in 1991 that undertakes office and commercial space projects in Northern Finland, both as renovations and as new constructions. Renovations constitute the majority of the company’s revenue. Its services include, among others, concept renewals of commercial spaces, office remodeling, housing association renovations, and smaller repair and remodeling projects. The company’s core expertise is the execution of exceptionally demanding renovation projects. It has carried out several significant renovation projects, for example for the City of Oulu, including the comprehensive renovations of Oulu City Hall and the Market Hall. For the financial year ending in June 2024, the company’s revenue was 19.5 million euros, with an operating profit of 1.5 million euros. More information can be found on the company’s website: https://ktcgroup.fi