Luxid Group's Board of Directors and CEO Pasi Voho had a choice after about six months of negotiations with growth equity investors. In the end, attitude is what counts.
From a merger to a new beginning – As the decision to cooperate with Voland approached, IQI’s Hannu Vähäsaari relied on the life advice he shared with his children. IQI was born from a merger that brought together two industry veterans. The private equity investment became a solution for corporate restructuring that took into account the different needs of the owners.
“Partnering with Voland enables bold decisions and investments to be made without fear that personal financial risks would jeopardize the company’s future,” says Aapeli Kallunki, founder and CEO of Flovi.
As market shares in the industry are being redistributed, a strong cash position and balance sheet allow Balanco to pursue international growth through acquisitions.
Over the years, Cloud1 received acquisition offers from both domestic and international parties. Harri Puupponen learned the true value of money in building a new growth story.
Following the acquisition, IQI will employ a total of over 170 experts. IQI Success Insuring Oy was established at the turn of the year when Consultor Finland and Profit Consulting merged.
Aiming for strong international growth, the car relocation company Flovi is strengthening its Board with well-known talents who have helped Finnish companies grow internationally. In 2025, the company will continue its efforts to accelerate growth in Sweden, among others, and to identify new markets for the next stage of its internationalisation.
Luxid acquires US-based B2B marketing communications specialist TriComB2B. The acquisition creates a global company employing 160 people and focusing on creative data-driven marketing. Pictured are Luxid CEO Pasi Voho (center) and TricomB2B directors Chris Eifert (right) and John Buscemi, who will share leadership responsibility for Luxid's US business after the acquisition.
Flovi has acquired Saka’s entire driving logistics operations. Over 100 skilled drivers and logistics professionals from Saka are now part of the Flovi team—helping us build an even stronger, more reliable car transport network.