Partnera is an international business group, which owns companies that promote sustainable development in the circular economy and energy industry, among others.

Partnera creates shareholder value and a more sustainable future through our operations. The companies we own produce services and products that meet the needs of society and respond to megatrends that change the operating environment. Partnera acts as a partner for the companies we own and aim at developing their business and value in the long term. When building the business group in accordance with our strategy, Partnera is also an impact investor, who strives to use its capital to develop business that can promote a positive impact on society and the goals of sustainable development. 

Partnera Corporation is listed on Nasdaq First North Growth Market Finland.

Contact information:
Jari Pirkola
tel. +358 400 867 784

Jussi Lappalainen
tel. +358 40 530 6446

E-mail addresses:

Latest news:

31 August 2021
Foamit Group, a glass recycling and foam glass manufacturing company and a member of Partnera Group, is acquiring Glasopor AS in Norway

Foamit Group Oy, which belongs to the business group Partnera Oyj (“Partnera”), has today, 31 August 2021, signed an agreement by which it will wholly acquire the Norwegian foam glass manufacturing company Glasopor AS (“Glasopor”). The seller is Sirkel Materialgjenvinning AS (“Sirkel”). The acquisition is in line with Foamit Group’s growth strategy, and it will strengthen the Group’s position as the main manufacturer of foam glass in the Nordic countries and one of the largest worldwide players in the industry. After the transaction, the Foamit Group will also operate in Norway in addition to Finland, Sweden and Denmark. The Foamit Group’s largest owners are Partnera (63%) and Finnish Industry Investment Ltd (32%).

”Partnera’s strategic objective is to develop the kind of business that can create a positive impact on society and promote sustainable development goals. Both the Foamit Group and the newly acquired Glasopor provide excellent support for our objectives. Partnera is a long-term and active owner that helps its group companies to develop their business. With the acquisition of Glasopor, we’re one step closer to our goal of growing Foamit’s business,” says Jari Pirkola, CEO of Partnera Oyj.

Founded in 2002, Glasopor has two foam glass factories in Norway: one in Skjåk and the other in Fredrikstad. The company's head office is in Oslo, and it has 34 employees. Its customers mainly operate in the construction industry. In 2020, the company’s net sales totalled NOK 123 million (that is, approximately EUR 11.5 million) with an operating profit of NOK 6.5 million (EUR 0.6 million), or approximately 5 per cent of net sales. The result for the financial year was NOK 4.4 million (EUR 0.4 million). In 2019, Glasopor’s net sales were NOK 95.4 million (EUR 9.7 million) with an operating profit of NOK 4.6 million (EUR 0.5 million), or approximately 5 per cent of net sales. The result for the 2019 financial year was NOK 2.6 million (EUR 0.3 million).

“The Foamit Group is seeking to expand and further develop its glass recycling and foam glass manufacturing business. The acquisition of Glasopor will open up new markets, increase our foam glass manufacturing capacity, and provide us with new expertise in utilising foam glass in a variety of applications. Raw material availability will also improve. Foam glass aggregate is a very lightweight and environmentally friendly building material that is made from cleaned recycled glass, and demand for it is being fuelled by growing demand for circular economy products. The acquisition of Glasopor supports our growth strategy and will enable us to participate in even larger projects,” says Kalle Härkönen, CEO of Foamit Group.

“I’m delighted that Glasopor will become part of one of the world’s largest foam glass manufacturers – a company that intends to continue expanding and developing its foam glass manufacturing business. Sirkel will now focus on the further development of its glass recycling business. Our long-term cooperation with Glasopor will naturally continue, and Sirkel will still be one of Glasopor’s major raw material suppliers,” says Per Annar Lilleng, CEO of Sirkel Materialgjenvinning AS.

Through the transaction, Glasopor Norway AS, a new company established by Foamit Group, will acquire 100 per cent of Glasopor AS’ shares as well as real estate and land. The debt-free purchase price for the acquisition, NOK 107.5 million (EUR 10.5 million), will be paid in cash. The acquisition is expected to be concluded by the end of September 2021.

The acquisition is expected to have a positive impact on Partnera's net sales for 2021. The acquisition is not expected to have a significant impact on the result.

Glasopor’s key figures

EUR million *) 1-12/2020 1-12/2019
Net sales 11.5 9.7
EBITDA 1.6 1.5
Adjusted EBITDA **) 1.2 1.1
Operating profit 0.6 0.5
Result for the financial year 0.4 0.3
   31 December 2020       31 December 2019   
Non-current assets 5.2 8.4
Current assets 5.2 2.4
Shareholders' equity 6.3 5.1
Loans from financial institutions 1.3 2.0
Other liabilities 2.7 3.7
Balance sheet total 10.4 10.8
*) Norwegian Krone converted into Euros in accordance with Finnish accounting practises.
**) EBITDA adjusted according to FA.

28 April 2021
Partnera is expanding its business group with the acquisition of clean energy solution supplier KPA Unicon Group Oy


On 28 April 2021, the Partnera Oyj business group has signed an agreement to purchase a majority share of Finnish KPA Unicon Group Oy, the leading clean-energy solution supplier in the Nordic countries.

The acquisition supports Partnera's strategy of owning companies that promote sustainable development in, for example, the circular economy and energy sectors. Partnera will become KPA Unicon’s principal owner with a 70 per cent stake, while the company’s founders, the Kovanen family, will stay on as minority owners in KPA Unicon with a 30 per cent stake through their investment company Prounicon Oy.

KPA Unicon was founded in 1990 and has extensive experience of international plant deliveries. In addition to turnkey development and construction of energy production facilities, the company modernises, maintains and operates existing plants and provides energy production capacity as a service. KPA Unicon's customers include global industrial companies, along with local and international energy companies. The company’s headquarters and production facilities are located in Finland, and it also has personnel in Bosnia-Herzegovina, Chile, Spain, Croatia, France, Sweden and Russia. At the end of 2020, the company had a total of 202 employees.

”Partnera’s strategic goal is to use its capital to develop business that can promote a positive impact on society and the goals of sustainable development. KPA Unicon is a fantastic complement to our business group, since its products and services are good for both environment and society. The company operates on the global market, and its energy production solutions decrease reliance on fossil fuels through the utilisation of biomass and byproduct streams. We intend to be a long-term, active owner for KPA Unicon and help the company develop its current business as well as new clean-energy solutions,” says Jari Pirkola, CEO of Partnera Oyj.

”I am very pleased that our new principal owner, Partnera, is a solid listed company that will support us in implementing our international growth strategy. Our growth is supported by the global energy system’s transition to decentralised, low-emission energy production and the universal need to promote a circular economy. With our new owner, we can focus even more on providing added value to our customers by developing solutions based on clean energy production and reducing the use of fossil fuels,” says Jukka-Pekka Kovanen, CEO of KPA Unicon Oy.

The purchase price for 70 per cent of KPA Unicon's share capital is EUR 15.5 million. The purchase price is paid in cash. The buyer is a new company Due2Energy Oy founded by Partnera of which Prounicon Oy will become a minority shareholder with a 30 per cent share. Following the transaction, the new company will own the entire share capital of KPA Unicon. 

Canelco Capital Oy, an investment company that owned 37 per cent of the company´s shares, is relinquishing of its ownership in connection with the transaction. The acquisition is expected to be completed by the end of June 2021.

KPA Unicon Group Oy key figures

EUR million   1-12/2020     1-12/2019     7-12/2019  
audited unaudited audited
Net sales 69.4 68.7 36.6
EBITDA 5.0 5.1 2.4
Adjusted EBITDA* 5.4 5.1 2.4
Operating profit 3.5 4.0 1.8
Net profit 1.1 5.0 1.8
31.12.2020 31.12.2019
audited audited
Non-current assets 14.6 12.1
Current assets 38.8 37.8
Equity 4.0 2.8
Loans from financial institutions 10.2 7.3
Other loans 29.1 39.8
Balance sheet total 53.4 49.8
*EBITDA before non-recurring expenses related to KPA Unicon's
ownership arrangements.

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