At the beginning of November, Toni Loivakari moves from the position of Head of System Services for the Turbine and Generator business to lead the development of systems across the entire Elcoline Group. Loivakari will remain a member of the Group Management Board and report to Acting CEO Jere Räisänen.
In his new role, Loivakari will be responsible for developing intelligent solutions offered to customers, such as those related to condition monitoring. He will also oversee the development of internal processes and digital tools. The aim is to ensure data-driven, scalable and profitable operations across all business areas.
“Tony’s new role is crucial for implementing data-driven operating models that support the Group’s strategic targets: EUR 250 million in revenue and EUR 20 million EBITDA by 2028,” says Jere Räisänen.
“The development of systems and smart business solutions creates tangible value for both our customers and our internal operations. Our product portfolio includes control and protection systems for turbines and generators, as well as Anywhere, the most accurate condition monitoring system for rotating equipment on the market,” explains Toni Loivakari, who has extensive experience in business development within power generation and expert services.
“Toni has long-standing experience with TGS system services. I strongly believe he is the right person to integrate all our intelligent customer products and further develop them, while steering our internal development towards a more unified and data-driven approach. We will also invest more heavily in leveraging artificial intelligence in our business,” adds Räisänen.
Further information
Jere Räisänen, interim CEO, Elcoline Group Oy
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.
