A unit of infrastructure construction company Kreate Group Oyj has completed the acquisition of SRV Infra Oy, strengthening its position in demanding infrastructure construction and expanding into underground rock construction. 

Kreate Oy finalized the EUR 30 million transaction after receiving approval from competition authorities in November, the builder of roads and railways announced on December 31.

“I am pleased that the transaction was completed as planned, allowing us to start 2026 with more than one hundred new Kreate employees and expand into a new and demanding area of construction,” said Timo Vikström, president and CEO of Kreate. He highlighted that underground rock construction fits well with the company’s long-term strategy.

“Underground rock construction is by nature highly demanding construction, and its outlook for the coming years is strengthened by security, preparedness and security of supply perspectives related to the geopolitical situation,” Vikström added.

SRV Infra reported revenue of EUR 52 million and operating profit of EUR 2.6 million in 2024. From January 1, 2026, its business will be reported as part of Kreate Group’s Finnish structural engineering operations.

The seller SRV Oyj announced on the same day that its sales gain exceeded EUR 20 million. According to CEO Saku Sipola, the divestment accelerates SRV’s strategy by strengthening its balance sheet and liquidity. Along with bonds, the deal ensures that SRV has enough funds to finance its housing and non-residential construction plans.