Loihde Plc has signed an agreement to acquire the entire share capital of BLC Turva Oy from Savonlinnan BLC-osuuskunta for a debt-free purchase price of €28 million, including about €7.5 million in Loihde shares and €20.5 million in cash. 

Following the transaction, Loihde will establish itself as Finland’s market leader in electronic security technology, structural security, fire safety, and voice evacuation solutions. Meanwhile, BLC-osuuskunta will become Loihde’s largest shareholder with roughly 10% ownership.

The deal, pending approval from the Finnish Competition and Consumer Authority and Loihde’s Extraordinary General Meeting. The purchase is expected to yield €3 million in annual cost synergies and increase Loihde’s pro forma 2024 revenue to €217 million.

"The acquisition strengthens Loihde’s position as Finland’s largest provider of comprehensive security solutions for businesses. In future, we will be able to support the building of comprehensive security for more businesses and organisations with our extensive portfolio,” says Loihde’s CEO Samu Konttinen.

BLC Turva Oy is one of Finland’s leading security companies, providing security technology, structural security services, and project deliveries primarily for businesses and organizations.