- Vaaka Partners became a majority shareholder in Molok in 2016
- SULO will acquire the entire share capital of Molok
- Vaaka Partners is a private equity firm that invests in medium-sized Finnish companies
Vaaka Partners will exit Molok, a semi-underground waste container business, to SULO.
No financial details of the transaction were disclosed.
SULO will acquire the entire share capital of Molok in this transaction.
Molok’s headquarters will remain in Nokia, Finland. The company’s sales grew by up to 25 percent, with a turnover of €29 million in 2022.
Vaaka Partners became a majority shareholder in Molok in 2016.
“Together, we have professionalised Molok’s operations, emphasised sustainability, and built a strong foundation for further international growth,” said Jarkko Murtoaro, lead partner at Vaaka Partners.
The acquisition will enable Molok to further expand internationally and leverage SULO’s distribution network in Europe and overseas, according to a release.
SULO will also reinforce its foothold in voluntary deposit in Northern Europe, the release said.
SULO is a provider of pre-collection services for waste management. The company is based in Paris, France.
Helsinki-headquartered Vaaka Partners is a private equity firm that invests in medium-sized Finnish companies.