Lars-Hugo Andersson has been appointed Managing Director and Head of Business for the turbine and generator service companies TGS Finland Oy and TGS Sweden AB, starting 1 November 2025. He will join the Elcoline Group Management Team and report to the Group’s acting CEO, Jere Räisänen.
Andersson brings strong experience in industrial service business and leadership across Sweden and internationally. He previously led the TGS business until spring this year, before which he held business unit leadership positions at Voith Hydro and Alstom.
Turbine and Generator Services (TGS) is the latest addition to Elcoline Group, offering wide expertise throughout the lifecycle of turbines and generators, including condition monitoring, inspections, upgrades and modernisations. TGS was acquired from Fortum on 31 December 2024.
”I will focus on strengthening our commitment to customers and driving market value through innovation, collaboration, and operational excellence. Together, we will build an organisation with the people that deliver greater impact, entrepreneurship and sustainable growth with profitability for TGS and Elcoline”, says Andersson.
“Lars-Hugo’s role will be central to the next growth phase and operational development of the TGS business. His appointment supports Elcoline’s strategy, which focuses on profitability, long-term customer relationships and customer-centricity”, emphasises Elcoline Group’s acting CEO Jere Räisänen. “We warmly welcome Lars-Hugo back to Elcoline in this role. I am confident that he will succeed in the position and in the challenges ahead.”
Further information
Jere Räisänen, CEO (acting), Elcoline Group
Tel. +358 44 5599 144, jere.raisanen@elcoline.fi
Elcoline in brief
Industry keeps society running. Elcoline keeps the industry running.
Elcoline is a Finland-based growth company that delivers technical services to the industrial sector. The company operates in mining and metals, marine, energy, defense, and process industries in Finland and Sweden, as well as globally through long-term maintenance contracts.
Elcoline’s team of 1,000 professionals specialises in demanding industrial maintenance, servicing, and installation work, including condition monitoring as well as heat exchanger, turbine and generator maintenance and upgrades. Furthermore, specialised components for customer projects are manufactured in company’s own workshops.
In 2025, Elcoline’s revenue will approximately be EUR 150 million. The company is owned by institutional investors Evli, Elo, Tesi, Arvo, as well as its founders and employees.
