HL Insulation

ARME OY HAS ACQUIRED THE BUSINESS ACTIVITIES OF HL INSULATION LTD

In an agreement signed on 20 April 2018, Arme Oy acquired all the business activities of HL Insulation Ltd. In conjunction with the deal, HL Insulation’s project operations will be merged with the current business of Arme Oy. The maintenance operations, small-scale project business and prefabricated sheet metal products business that were acquired will continue to operate under the traditional HL Insulation name.

“This is an important step towards implementing Arme Oy’s strategy via regional expansion and growing the maintenance business. It also reinforces our project competence, especially with regard to energy industry and international projects,” says Juha Jokela, CEO of Arme Oy.

The deal will give HL Insulation’s customers access to more extensive production resources that allow delivery of even the largest investment projects in a high quality, safe and cost-effective manner as a turnkey delivery combined with the customer company's maintenance or annual service work.

“HL Insulation has served its customers for over 55 years and I’m satisfied to transfer the responsibility to Arme. As part of Arme, I’m certain that HL Insulation’s customers will continue to receive good service. I would also like to thank all HL Insulation’s customers for their good cooperation,” says Kalevi Kronholm, Managing Director of HL Insulation.

Arme Oy is a leading industrial insulation and scaffolding contractor in Finland. Together with the other group companies Saimaan Eristys Oy, Savon Eristystekniikka Oy, HL Insulation Ltd and Saimaan Työpalvelu Oy, the group has an annual turnover of more than 60 million euros, and it employs approximately 600 people.


More information is available from: 

Juha Jokela, juha.jokela@arme.fi, tel. +358 40 153 6730

Kalevi Kronholm, kalevi.kronholm@hlinsulation.com, tel +358 40 502 0520