Nimlas expands in Finland with LP Electric acquisition
What's the deal? Nimlas Group, a Nordic technical installations company, has acquired LP Electric Oy, a Turku-region electrical contractor in Finland. LP Electric, based in Lieto, reported revenue of approximately €9.6M in 2025 and employs 48 professionals. The company specialises in residential construction, care facilities, and service work, alongside antenna and fire alarm systems.
LP Electric was founded in 2014 by childhood friends Tommi Leino and Matti Pakula. It will continue to operate under its own brand within Nimlas, retaining its management, employees, and customer relationships.
Why now? This is Nimlas Finland's second acquisition in 2026, following its purchase of DT Systems, a data cabling specialist in Vantaa. The deal brings Nimlas Finland's network to 49 entrepreneur-led companies specialising in technical installations and services.
Nimlas already operates in Southwest Finland through companies such as Alti-Systems, Calto, Calto Service, and Cervius Group. The broader group unites close to 140 companies and 5,000 professionals across Sweden, Norway, and Finland, with a pro forma turnover of SEK 10B. It is owned by KLAR Partners.
What could go wrong? Integration is always a risk in roll-up strategies. LP Electric's founders emphasised the importance of operational independence — "It was important for us to find a partner where we can continue to operate in our own way," said co-founder Matti Pakula. Maintaining that autonomy while extracting group-level synergies is a delicate balance.
The signal: Nimlas is executing a classic buy-and-build playbook in technical installations — a fragmented market ripe for consolidation. The strategy of letting acquired firms keep their brands and local identities reflects a broader trend in PE-backed roll-ups: growth through acquisition without disrupting the customer relationships that made targets attractive in the first place.
Read more: news.cision.com
