MSc (Tech) Juha Hokkanen has been appointed Head of Mergers & Acquisitions and a member of the Elcoline Group Management Board with effect from 14 September. He will report to CEO Jere Räisänen and, in his role, will lead Elcoline’s mergers and acquisitions activities as well as oversee the integration of acquired companies into the Group.
Hokkanen brings more than 15 years of experience in mergers and acquisitions, strategy development and business growth within industrial sectors. He joins Elcoline from KONE, where he was responsible for growth and M&A activities across Europe. Prior to that, he held positions at McKinsey & Company, ABB and KPMG, among others.
Acquisitions are a key element of Elcoline’s growth strategy, and the company is actively pursuing new acquisition opportunities. Hokkanen’s appointment further strengthens Elcoline’s ability to identify new avenues for growth, execute acquisitions systematically, and ensure successful integration and long-term value creation.
“Juha’s experience in mergers and acquisitions and industrial services is exactly what our growth journey requires. We have grown strongly through both organic growth and acquisitions. With Juha joining the team, we can accelerate the execution and integration of acquisitions as we work towards our 2028 targets of €250 million in revenue and an EBITDA margin exceeding 8 per cent,” says Jere Räisänen, Chief Executive Officer of Elcoline Group.
Hokkanen is looking forward to contributing to the company’s next phase of growth:
“What particularly attracted me to Elcoline is its combination of entrepreneurial spirit, the support of institutional investors and a clear mandate to execute the company’s growth strategy. In acquisitions, what happens after the deal is signed is often what determines success, and I am excited to join Elcoline at this important stage of its growth story,” says Juha Hokkanen.
Further information
Jere Räisänen, CEO, Elcoline Group Oy
Tel. +358 44 5599 144, Show email
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 145 million. The company is owned by institutional investors Evli, Elo, Tesi, Arvo, as well as its founders and employees.
