Ernströmgruppen strengthens its Flow Technology business area by acquiring the Finnish company Nordic Power Service (NPS).
NPS is a niche global service and installation company for boilers in the industry of paper and pulp and power plants. The assessment is that market demand is increasing, driven by higher requirements for efficiency, sustainability, regulation, modernization, and safety of boilers. NPS is assed to have a strong position in the market for boiler-related services and had a turnover of 24 million euros last year.
NPS has long-term partnerships with leading OEM companies in the industrial boiler market, providing a solid foundation for future growth. The company has recently expanded its offering to include boilers for metal smelting.
"NPS focuses on energy-efficient solutions with high service levels, which reduce customers' environmental impact, making them an excellent fit within the Flow Technology business area. They have long-term customer relationships, creating stability and aligning perfectly with Ernströmgruppen's ambition to deliver sustainable solutions for energy efficiency. It is our ambition to further develop the niche they are successful in," says Fredrik Skarp, Business Area Manager of Flow Technology at Ernströmgruppen.
"We are pleased to become part of Ernströmgruppen, a family-owned group that shares our values in entrepreneurship and business development. We look forward to strengthening Nordic Power Service together and exploring new opportunities for sustainable growth and innovation," says Oskari Tuhkanen, CEO and co-owner of NPS.
About Nordic Power Service
Nordic Power Service (NPS) was established by a small group of dedicated professionals in Varkaus, Finland in 2011. The company has always preferred to let its work speak for itself. And that is a good mindset considering the company has grown to have a combined services turnover of roughly 26 M€, while employing a team of more than 100 dedicated workers, plus a wide, respected subcontractor network. We strive to be there for our partners whenever they need us. Understanding their needs, cooperation, transparency, and working side by side with them every step of the way always guarantees a successful outcome.
For more information, please contact:
Fredrik Skarp
Business Area Manager - Flow Technology
fredrik.skarp(at)ernstromgruppen.com
+46 702 942 560
Oskari Tuhkanen
CEO Nordic Power Service Oy
oskari.tuhkanen(at)nordicpowerservice.com
+358 40 156 2175
