News & Insights
News
Stay informed with the latest news.
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Marko Luokkanen appointed Chief Financial Officer and member of the Group Management Board as of 27 April
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…
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Elcoline TGS-Sahala combines turbine, generator, and heat exchanger services, creating a one-stop shop for critical equipment
Elcoline integrates its SSG Sahala’s heat exchanger operations with Turbine and Generator Services (TGS). They have a strong market position in their key categories in the Nordic countries, and they employ a fifth of all Elcoline’s personnel of nearly one thousand. The step builds on the strong synergies identified when…
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Niko Haavisto appointed interim CFO of Elcoline Group
M.Sc. (Econ) Niko Haavisto has been appointed interim Chief Financial Officer of Elcoline Group and a member of the Group Management Board. He starts in his new position today, 24 November, and will act as CFO until the permanent CFO will be recruited and enters their position. Haavisto has a…
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CFO Mika Verronen moves from Elcoline to new challenges
CFO Mika Verronen has decided to continue his career outside Elcoline. His last day of work is Friday, 14 November. Verronen has worked as the Group’s CFO and member of the Group Management Board since 1 October 2025. Recruitment of a new CFO has started, and the appointment will be…
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Elcoline invests in the development of condition monitoring systems – Toni Loivakari appointed to lead systems and ICT development
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…
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Lars-Hugo Andersson appointed Head of Turbine and Generator Services and member of Elcoline Group Management Team
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…
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Varkaus site officially opened – Elcoline operations centralised in the historic Pirtinniemi Industrial Area
Industrial service company Elcoline has celebrated the official opening of its new site in Varkaus, Finland. The ribbon-cutting ceremony featured speeches by Varkaus Mayor Joonas Hänninen and Elcoline founders, acting CEO Jere Räisänen and board member Jouko Juvonen. In addition to customers and partners, Elcoline’s staff also attended the event.…
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Changes in Elcoline Group Leadership
The Board of Directors of Elcoline Group Oy and CEO Elina Engman have mutually agreed that Engman will leave the company. The Board will initiate the search process for a new CEO. Effective immediately, the company’s current Chairman of the Board and founder Jere Räisänen will serve as interim CEO. At the same time, current…
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Mika Verronen appointed CFO of Elcoline Group to strengthen growth strategy execution
Elcoline Group, specialising in industrial technical services, has appointed M.Sc. (Econ.) Mika Verronen as Chief Financial Officer and member of the Group Management Board, effective 1 October 2025. The appointment supports the Group’s growth strategy and strengthens financial cohesion across all group companies: Elcoline Oy and SSG Sahala Oy in…
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Elcoline streamlines corporate structure – Finland’s third largest industrial maintenance company prepares for its next growth leap
Elcoline Construction Oy, Elcoline Industrial Service Oy, and Elcoline Power Oy, all providers of versatile technical services and solutions for industry, will merge with Elcoline Oy on 1st September. This merger is part of a strategic transition toward a unified Elcoline brand, which more clearly communicates the company’s comprehensive service offering.…
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Elcoline Plant Service Oy’s business name has changed – the new name is Elcoline Oy
The name change is part of our strategy towards a unified Elcoline brand. The purpose of the name change is to clarify the structure of the Elcoline Group, as well as to communicate more clearly about our wide range of services. In accordance with our strategy, we are moving towards…
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Elcoline has started as maintenance service partner at ANDRITZ Warkaus Works Oy and ANDRITZ Savonlinna Works Oy Workshops
The cooperation between ANDRITZ Savonlinna Works, ANDRITZ Warkaus Works, and Elcoline has deepened through a service agreement signed earlier this year. In the photo: Antsu Kolari (right), Tapio Waris, Elina Engman, Antti Kettunen, Timo Rahikainen, and John Lahtinen. Photo: Elcoline As of July 1, 2025, Elcoline has officially started providing…
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5 reasons to modernise your control and protection systems
Reliably and precisely working turbine and generator control and protection systems are an important part in securing the performance of your rotating main equipment. These systems also play a key role when looking for more visibility, reliability, and safety. Even when carefully maintained, control and protection systems require upgrades and…
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Turbine control and protection systems should be included in the maintenance strategy
Turbine control and protection systems often age without notice, until one day they malfunction and cause disturbances in production. Power plant control systems should be seen as assets that produce added value and improve profitability rather than as support systems operating in the background. Effective control systems are an important…
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Repair, don’t replace – generators can continue serving decade after decade
A generator is a technically complex piece of machinery designed for long life. Repairing and modernising an existing generator rather than buying and manufacturing a new one, always makes sense – and it promotes sustainability. With attentive maintenance activities, generators can continue serving decade after decade. All operators in the…
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Mikko Kettunen a new member of the Board of Elcoline, an industrial growth company
The Annual General Meeting of Elcoline, a provider of technical services to industry in the Nordic countries, decided on 8 May 2025 to elect M.Sc. (Econ.) Mikko Kettunen as a new member of the Board of Directors. Kettunen’s term in the Board of Directors of Elcoline Group Oy will start…
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Elcoline helps ensure warm homes in Riihimäki
Riihimäen Kaukolämpö Oy produces district heat for 20,000 people in Riihimäki. Since 2021, Elcoline has been involved in making sure that there are no frostbites, faults or disturbances in the district heating plant. Elcoline is responsible for Riihimäen Kaukolämpö’s O&M functions, i.e. operation and maintenance. Elcoline’s task is to ensure…
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ANDRITZ Warkaus Works Oy and ANDRITZ Savonlinna Works Oy’s maintenance service partner changes
On 29 January 2025, ANDRITZ Warkaus Works Oy and ANDRITZ Savonlinna Works Oy have signed a service agreement with Elcoline Industrial Service Oy for the implementation of maintenance services. With the service agreement, Elcoline will be responsible for maintenance services for the Varkaus and Savonlinna workshops as of 1 July…
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The acquisition of Fortum’s Turbine and Generator Services (TGS) business has been completed – The acquisition strengthens Elcoline’s position as a Nordic provider of technical services to industry
With the acquisition, Elcoline will strengthen its position in the maintenance and repair of critical infrastructure, employing a total of nearly 1,000 professionals in Finland, Sweden and Germany. Elcoline strengthens its position as a provider of industrial technical services by acquiring Fortum’s Turbine and Generator Services (TGS). TGS focuses on…
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Elcoline continues to grow and acquires the Turbine and Generator Services from Fortum – The acquisition strengthens Elcoline’s position as a Nordic provider of technical services to industry
The transaction will strengthen Elcoline’s position as a provider of technical services to industry and expand its offering of critical infrastructure maintenance and repair services. The acquisition is in line with Elcoline’s growth strategy and will create new opportunities for customers and employees. Elcoline strengthens its position as a provider…
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Reija Mantila named Elcoline Groups new HR and HSEQ Director — Bringing strong expertise to support growth
Reija Mantila named Elcoline Groups new HR and HSEQ Director. She has long and diverse experience in the service business, particularly in managing HR processes and safety operations in industry. Photo by Elcoline. Reija Mantila joined Elcoline Group as its new HR & HSEQ Director on November 1, 2024. She…
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Elcoline’s new CEO Elina Engman has started in her position
Elcoline Group Oy’s CEO Elina Engman (centre) getting to know the company’s personnel and operations in Varkaus. HSEQ and HR Director Minna Hannula (left) and Development Director Jaakko Juvonen presenting the company’s operations. Photo: Elcoline. Elcoline Group Oy’s new CEO, Elina Engman has started in her position on September 1,…