PHM Group and Kotikatu join forces to create a leading Nordic property maintenance services provider
PHM Group (“PHM”), owned by funds managed by Intera and Norvestor, has signed an agreement to acquire Kotikatu Holding Oy (“Kotikatu”). Kotikatu is one of the leading property maintenance service providers in Finland together with PHM. The transaction creates a fast growing Nordic residential property maintenance services group with around 2,750 employees and combined revenue of almost EUR 250 million. The transaction is subject to approval from the Finnish Competition and Consumer Authority and is expected to close during Q3 2020.