KH Group divests HTJ

KH Group Plc, together with the other shareholders of HTJ Holding Oy (“HTJ”), has signed an agreement on the sale of shares to the XPartners Group company XPartners Finland Holding Oy. The divestment of HTJ is an important step towards KH Group’s objective to become an industrial group built around the business of the earth-moving machinery supplier KH-Koneet.

HTJ is one of the leading construction consulting companies in Finland and offers its customers a wide range of expert services in construction management, site supervision, energy and environmental consulting and project management. The company employs over 200 experts and serves customers across Finland. Pro forma net sales for the financial period 2023 amounted to EUR 26.3 million and operating profit to EUR 2.6 million.

“HTJ has developed strongly during KH Group’s ownership period since 2021. Following determined development work, the company has improved the range of services and geographical network. HTJ’s team consists of true professionals in construction management with whom it has been a pleasure to cooperate. We would like to thank HTJ’s management, personnel and other owners for the years together,” says Tommi Rötkin, CFO of KH Group.

For more information, please visit www.khgroup.com