Kreate is one of Finland’s leading infrastructure contractors and employs 250 infrastructure construction experts. The company’s headquarters are located in Vantaa, near Helsinki, and in addition, Kreate has offices in Tuusula, Tampere, Lappeenranta, Joensuu, Seinäjoki and Kouvola. The associated company KFS Finland Oy has offices in Vantaa and Oulu. The company’s pro forma turnover in 2015 was €183m.
Kreate was formed in 2014 through mergers of specialist infrastructure contractors Fin-Seula, Kesälahden maansiirto and Insinööritoimisto S Rantala. The company performs main contracting in e.g. bridge, road and rail, foundation, energy, industrial, environmental and geotechnical construction segments.
Finnish infrastructure construction is a stable €5bn market, where efficient players have room for growth. Demand for infrastructure construction is driven by urbanization and need for maintenance.
From Kesälahti to Kreate
Kalervo Jaatinen had been an entrepreneur for about forty years, and he had started to wonder about the future of Kesälahden Maansiirto and its dozens of employees. For some time now he had been thinking about a solution which would secure the future of his business and give a big role to the management as owners.
Then Intera contacted Jaatinen, and shared their vision of making Kesälahden Maansiirto a part of infrastructure construction cluster of three companies with major growth potential. In six months the agreement was ready. “I did not even consider other alternatives during the process. Corporate acquisition is not an auction. Intera had the right vision and grasp on development throughout the whole negotiation process. And as the current management was selected as owners, I was happy,” Jaatinen says.
Jaatinen is happy with his decision, even though he admits missing Kesälahden Maansiirto a bit. However, Jaatinen continues to gather new challenges through his other company, Kesälahden Rakennus, which builds small houses in Central Karelia. Since Jaatinen’s role as a chairman of the board is mainly strategic, he also has plenty of time for his hobbies. In summer he spends time in his Puruvesi cottage with his wife and two granddaughters. In winter he heads to his Inari cottage to icefish and hike.
Jaatinen also has a recipe to the future successful entrepreneurs: work, work and work to the right direction.