The Finnish provider of retail services, Evet Design, is now a part of Puume Group
Two experienced Finnish builders of retail environments, Puume Group and Evet Design Oy, are joining forces through a share exchange agreement signed on 19th of June. The merger allows the versatile development of comprehensive service concepts for customers. The goal is to further strengthen the market position of Puume Group in Finland and to promote the internationalisation strategy of the company.
The revenues of the internationally growing Puume Group increased to EUR 20.6 million in 2018. In addition to the Finnish Puume Oy and R.E.D., Compass Oy, other members of the Group include companies in Sweden, Norway, Estonia and Poland. The service portfolio of Puume Group includes five business areas: design and research services, contracting and construction services, electrical and telecommunications contracting, shop fittings and logistics and warehousing services.
Both companies were established in the early 1990s. The revenue of Evet Design was approximately EUR 4.5 million in 2018. The company focuses on furnishing retail environments and the associated services. The service offering of Evet Design include technical design, concept design and manufacture and installation of retail and public facility shop fittings. The company’s office is located in Tammisto, Vantaa.
According to the Managing Director of Puume Oy, Juha Porrassalmi, Puume and Evet have different types of profiles as companies, so they will gain a synergy advantage from one another.
– Evet Design will gain international customers through us and Puume’s market position in Finland will be strengthened. In addition, our services complement one another and both companies will gain additional resources.
Evet Managing Director Harri Lehto continues:
– This transaction makes it possible for Evet to participate in a strong internationalisation strategy and offers great opportunities to Evet personnel.
Puume Group aims to become a significant player in Scandinavia. Through the merger, the revenues of Puume Group will increase to over EUR 25 million and the number of employees will grow to 88. The merger provides a stronger foundation for internationalisation.
– The merger will not significantly affect personnel or operative management at this time. The brands of both companies will presently remain unchanged and the Evet Design name will remain in use, says Porrassalmi.
Juha Porrassalmi, Managing Director, Puume Oy, tel.: +358 40 900 7101, email@example.com
Harri Lehto, Managing Director, Evet Design Oy, tel.: +358 50 342 0702, firstname.lastname@example.org