Business
Qben Infra: Inspection business to enter Finnish market through acquisition
Qben Infra: Inspection business to enter Finnish market through acquisition
About this update from Inin Group As
Nordic Inspekt Group AB, a subsidiary of ININ Group AS, has agreed to the principal terms of an agreement to acquire Finland-based non-destructive testing and inspection companies NDT Inspection & Consulting Oy and Ropetech Oy.Through this potential transaction, ININ Group’s testing, inspection and certification (TIC) business – Inspekt – will expand to the Finnish market. Today, the business is present in Sweden and Norway.“Our plan is to build an independent Nordic player that challenges the large incumbents in the Nordic markets. The planned acquisition of NDT Inspection & Consulting Oy & Ropetech Oy strengthens our team significantly and fits perfectly with this plan, as it gives us immediate market entry to the Finnish market,” says Niklas Persson, CEO of Nordic Inspekt Group AB.About NDT Inspection & Consulting & RopetechNDT Inspection & Consulting, established in 2003, is a Finnish company specialising in non-destructive testing (NDT) and quality assurance services. The company offers a comprehensive range of NDT and consulting services tailored to various industries, including energy, manufacturing, and construction.Beyond standard NDT inspections, the company also provides drone Inspections, rope access services for high-altitude Inspections, tank inspections and bottom scanning, replica testing, positive material identification (PMI), condition assessments for tanks, piping and boilers, inspection object cleaning, installation supervision as well as quality control (QC), quality assurance (QA), and health, safety, environment and quality (HSEQ) supervision.NDT Inspection & Consulting's main offices are in southern Finland (Vantaa) and northern Finland (Oulu). The company also has offices all around Finland to offer local service, and with flexible employees and comprehensive vans and equipment, they can serve both smaller and bigger clients as needed. The company currently has approximately 50 employees, of which the large majority are inspection specialists.For the last twelve months, the two companies have delivered revenue of approximately EUR 10 million and EBIT or EUR 2 million. The company has grown its revenues and steadily improved its profitability in recent years.“We are incredibly excited about the prospect of joining forces with Inspekt. From our initial discussions, it became clear that our companies share a deep commitment to quali...