Renevo to acquire Remonttipartio

Avance advises Renevo Group, a portfolio company of Adelis, in the acquisition of Remonttipartio, a leading provider of pipeline renovation services, from Lehto Group. Renevo Group focuses on renovation projects involving rental apartment buildings and, following the transaction, Renevo Group expands its service offering to turn-key pipeline renovations for housing cooperatives.

The completion of the transaction is subject to customary closing conditions, including approval by the Finnish competition authority.