Elcoline Group, a provider of technical services for industry, has appointed Marko Luokkanen (M.Sc. Econ, eMBA) as Chief Financial Officer and member of the Group Management Board, effective 27 April. With this appointment, Elcoline strengthens the execution of its growth strategy across all Group companies in Finland and Sweden.
Marko Luokkanen has spent the majority of his more than 30-year career in international financial leadership roles at Andritz. He brings extensive experience in business support, contract management and data-driven management.
“Elcoline has grown significantly in recent years. As we continue our determined strategic renewal and growth towards a turnover of EUR 250 million, Marko is an excellent choice to lead our finance function,” says Jere Räisänen, CEO of Elcoline Group.
“Having followed Elcoline’s story closely, it is an honour to join a team committed to taking the company boldly into its next phase of growth. Managing growth and steering the company strategically in a changing global environment will be a challenging, yet rewarding journey,” says Marko Luokkanen.
Niko Haavisto, who has served as interim CFO since 24 November 2025, will leave Elcoline after a handover period following Luokkanen’s start.
Further information
Jere Räisänen, interim CEO, Elcoline Group Oy
Tel. +358 44 5599 144, jere.raisanen@elcoline.com
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.
