Aquisition of the Finnish company Destia

August 31, 2021

Colas signs an agreement to acquire Destia, a major player in the road and rail markets in Finland

On August 25, 2021, Colas SA signed an agreement to acquire 100% of the shares of Destia Oy, currently belongs to the family-owned Ahlström Capital Group.


The Destia Group is a major player in the field of road, rail and energy infrastructure in Finland. Backed by a workforce of more than 1,600 people, Destia generated a revenue of €564 million in 2020.


This acquisition is in line with Colas' strategy to pursue international growth in targeted regions (Northern Europe, United States, Germany). The Northern European market offers solid growth prospects with significant needs for construction and maintenance of transport infrastructures.


“We are very impressed by Destia’s skills and expertise, particularly in terms of digitalization of construction sites and maintenance services in harsh weather conditions. We see the opportunity to further develop business lines such as rail and earth & rock services and Colas will bring onboard its expertise in complex projects management”, explains Francis Grass, Managing Director Colas EMEA.

“Together with the management of Destia, we have developed the company to a leading infrastructure service provider in Finland in a competitive market. The company has strengthened its capabilities in many key areas including digitalization in maintenance business. With Colas as a new industrial owner, the company is in good hands for the next phase of its growth journey, in Connecting Northern Life”, says Lasse Heinonen, President and CEO of Ahlström Capital.


The transaction is expected to close by the end of 2021 and is subject to the approval of the competition authorities.

COLAS News

Aug 31

Aquisition of the Finnish company Destia

Colas signs an agreement to acquire Destia, a major player in the road and rail markets in Finland

Aug 31

2021 Half-Year Results of the group Colas

The Board of Directors of Colas, chaired by Frédéric Gardès, met on August 24, 2021 to approve the financial statements at June 30, 2021 and outlook for the current year.

Aug 9

Paris Olympic Games 2024: Colas wins a contract for logistic flow management

Mobility by Colas, the Colas Group’s digital mobility services integrator and operator, has signed a framework contract with the Olympic Structure Delivery Company (SOLIDEO) to design, roll out and operate "last mile" logistic flows for a minimum of 15 months, using the Qievo solution.

Aug 5

BMW PROVING GROUND

The construction season is in full swing, and we were very happy to welcome the top management of BMW to the construction site of the proving ground located near Sokolov.

Jun 30

COLAS CZ among the 3 TOP CONSTRUCTION COMPANIES in 2020!

Tomáš Krones, CEO of COLAS CZ, has received an award for the third place in the competition 2020 TOP CONSTRUCTION COMPANIES, which was presented by Minister of Transport Karel Havlíček.

Jun 8

COLAS is committed to reducing its carbon footprint

In response to the challenges posed by climate change, Colas has made a strong strategic commitment to decarbonizing its business activities. The Group has set itself an ambitious target, in line with the Paris Agreement: reducing its direct greenhouse gas emissions by 30% (scopes 1 and 2) and its indirect upstream emissions by 30% (scope 3a).

Navigation

© 2021 COLAS CZ, a.s. All rights reserved