Raksystems to accelerate the international expansion together with Trill Impact
On 21st May of 2022 the impact private investments house Trill Impact reached an agreement with MB Funds to become the new majority owner of Raksystems, the leading Nordic property wellbeing expert. The current management team of Raksystems will remain as significant owners of the company, which will retain the Raksystems brand, and Group CEO Marko Malmivaara will continue as CEO.
Raksystems is a leading expert organization in green construction, real estate management and building condition inspections, serving property owners and users in Finland and Sweden. Employing more than 630 specialists, Raksystems has more than tripled its turnover over the previous three and a half years from EUR 19 million to over EUR 66 million in 2021[i].
Over these years, the company has also started to internationalize their operations, expanding to Sweden and in total conducting 11 acquisitions, of which five were in Finland and six were in Sweden. Together with Trill Impact, the ambition is to continue the expansion in the other Nordic countries as well as beyond, to create a pan-European expert in property well-being services.
Together towards a sustainable society
Raksystems has achieved – and even exceeded – the goals set for it by its previous owner MB Funds during the previous period of just under four years, and it is now the perfect time for a new beginning towards even stronger growth. During the ownership of MB Funds, Raksystems focused on growing both organically and through acquisitions, and the same strategy will continue in the coming years, but with an even stronger focus on transitioning the building stock to become healthier and more efficient.
“Raksystems is already the leading property well-being expert in the Nordics, and, in our view, has made an impressive journey over the last few years. We are pleased to be able to further reinforce the already strong vision shared by the management and staff and to assist the company in expanding to more international markets with its leading offering” shares Johan Lundén, Partner at Trill Impact Advisory.
Together with Trill Impact, the plan is to continue to invest in and expand the strong expertise and innovation drive of Raksystems in areas such as environmental certifications, energy projects, building condition inspections, real estate management as well as planning and construction contracting. Furthermore, in all its operations, the group will be ever more committed to achieving a sustainable building stock and extending the healthy and energy-efficient lifecycle of buildings.
Staff wellbeing is the key to success!
“When we familiarised ourselves with Raksystems, we found the group’s strong company culture and can-do attitude especially impressive. In the future, Trill Impact will support the company’s intention to preserve these features and continue strengthening them by offering current and new staff members ever more interesting opportunities to develop in their careers in a rapidly growing company” Johan Lundén continues.
“I am very happy that I can offer our staff and customers this opportunity to continue the growth of our business together with Trill Impact, which shares our values. The wellbeing of properties, but also our staff, is close to my heart and the hearts of the entire management of Raksystems. Naturally, the goals of our business are high, but that only emphasises how pleased we are to share this journey with this fantastic group of people” says the Raksystems Group CEO Marko Malmivaara.
The transaction is subject to customary closing conditions, including regulatory merger control approval.
Trill Impact Advisory Partner: Johan Lundén +46 73 801 90 91
Raksystems Group CEO Marko Malmivaara, +358 40 046 4934
Raksystems – the best in the Nordic countries – every day!
The Raksystems Group’s mission is to assist property owners in keeping their buildings in good condition. A building that is in good condition promotes the wellbeing of both the residents and the owners, as well as benefits the environment: we actively promote sustainable choices and values. Our services reduce the environmental impact of buildings and encourage customers to make better choices.
Raksystems was established in 1989 and we employ more than 630 experts in Finland and Sweden. For more information, please visit www.raksystems.com.
Trill Impact – pioneering Impact House
Trill Impact is a pioneering Impact House with more than EUR 1 billion in assets under management across its investment strategies. With a team of more than 30 experienced professionals based in Sweden and Germany. Trill Impact aims to become a force for positive change and realize its vision of delivering real returns and lasting impact for the benefit of investors, businesses, and society at large.
For more information, visit www.trillimpact.com.
[i] Pro-forma for acquisitions.