We take care of ours.

Are you planning an ownership arrangement or seeking growth capital?

kiipeily

Wedeco is an Ostrobothnia-based private equity investor. It was founded in 1987 and specialises in entrepreneur-led ownership arrangements. Since our foundation, we have been involved in approximately 100 companies as either a minority or a majority owner, and we currently have holdings in ten companies.

Wedeco wants to be involved, as an owner and partner, in growth-driven businesses that have already established themselves in the market, are operating profitably and have a positive cash flow. We are interested in various transactions such as industry restructurings, acquisitions and disposals, succession planning as well as growth capital.

We invest primarily in people. We want to work with a committed and enthusiastic management team. One that knows the industry and competitors and is interested in the numbers and able to create a positive atmosphere.

Wedeco is a member of the Finnish Venture Capital Association, and we adhere to the association’s rules and guidelines in all our operations.

Please contact us to learn more about opportunities for ownership arrangements and growth capital.

Wedeco has three roles as an owner:

1

To be a committed and active owner

We are the member of the board that you can come to with any issues even between board meetings.

2

To be an entrepreneur

Our aim is always to increase the value of the company in collaboration with the company management.

3

To be an investor/financier

We make private equity investments in companies.

Portfolio companies

– What kind of businesses can work with Wedeco?

We can operate in companies as either a minority or a majority owner. It is important for Wedeco that a company’s management team is also involved in the business with a significant investment. It is also essential that we share a strategic vision for the development of the company’s operations.

Our objective is to increase the value of the company together with the management and other shareholders. We are a responsible owner with a long-term approach, and a reliable partner to all the stakeholders we work with.

Herrmans “Wedeco has been an owner for a long time, and has significantly contributed to our company’s development and success.” www.herrmans.eu
2018 Year of investment
60 M€ Revenue
3% Share of ownership
Pohjanmaan Ekonomitoimisto “Wedeco is actively engaged in our company’s strategic planning and business development. Wedeco is the best behind-the-scenes support that a CEO can hope for.” www.ekonomitoimisto.fi
2018 Year of investment
7 M€ Revenue
62% Share of ownership
Mesmec “Wedeco’s extensive network and connections to various stakeholders have been very helpful for our business.” www.mesmec.fi
2017 Year of investment
7 M€ Revenue
40% Share of ownership
Polttoväri “The board works a lot more consistently thanks to Wedeco.” www.polttovari.fi
2017 Year of investment
4 M€ Revenue
25% Share of ownership
Häggblom “Wedeco is an active venture capital investor, who acts as a sparring partner to the management.” www.haggblom.fi
2016 Year of investment
30 M€ Revenue
33% Share of ownership
Sievi Group “Wedeco’s involvement has increased trust among our customers and financiers.” www.sievigroup.fi
2015 Year of investment
53 M€ Revenue
26% Share of ownership
Tietokauha “Wedeco has allowed the company to continue operating under local ownership.” www.tietokauha.fi
2015 Year of investment
2 M€ Revenue
40% Share of ownership
Esari “Wedeco has brought firmness and fresh views to the business through its operations on the board, in corporate governance and reporting tools.” www.esari.fi
2013 Year of investment
5 M€ Revenue
66% Share of ownership
JPT Industria “Wedeco has increased our credibility among financiers and it has offered expertise in various financial arrangements.” www.jpt.fi
2013 Year of investment
7 M€ Revenue
40% Share of ownership
VP Facilities “Wedeco and the other owners have made it possible for companies operating in the Vaasa region to develop long-term, international-level operating environments.” www.vaasaparks.fi/vp-facilities
2000 Year of investment
2 M€ Revenue
33% Share of ownership

Exits

Exits by Wedeco managers after 2010

CompanyIndustryYear of investmentYear of exit
Vaasa Parks Oy AbCommercial property services20002019
B. Herrmans Oy AbLights for machines and bicycle components20062018
Eurosteel ‑konserniEngineering workshop specialising in welding and turnkey solutions20082018
Westwood Oy AbManufacturer of wooden stairs20052016
Jotel OyContract manufacturer of electronics20062016
FlowPlus ‑konserniFlow technology maintenance services20122016
Veine ‑konserniLogistics solutions20132016
Geo Drill ‑konserniGeothermal drilling20132016
HahkaWay OyLogistics solutions20052013
Manor OyManufacturer of pipe duct products and steel structures20062013
KGN Tool ‑konserniContract manufacturer for the engineering industry20092013
Emendo OySauna and wellness products20062012
Cibo-Print OyManufacturer of printed circuit boards20072012
Lakeuden Kylmäkeskus OyDesign, installation and maintenance of refrigeration systems20082011
Scancool OyManufacturer of cooling and ventilation equipment20092011
Eur-Mark ‑konserniManufacturer of sewer cleaning equipment and industrial waste disposal equipment20082011
Purso Tools OyManufacturer of camshafts and connecting rods20022011
Winpos Oy AbPOS solutions20032010

The team

– About us

Our Wedeco team has a long and varied experience in the corporate world and venture capital. Our strengths include our in-depth understanding and knowledge of the business community and partners in our region and our extensive network of contacts. We run our operations in a frank, open and ethical manner.

Thomas Lempiälä CEO, Partner +358 50 568 8033 thomas.lempiala@wedeco.fi

Thomas took up the role of Wedeco’s CEO in 2020. Thomas gained experience in private equity as a member of Wedeco’s Board of Directors from 2016–2020.

 

Thomas has been involved in corporate finance for more than 25 years and has played a role in numerous corporate transactions as an investor. Thomas was responsible for Nordea’s corporate banking operations in the Ostrobothnia region for several years, so he is familiar with the companies and the operating environment in Wedeco’s area of operations. Thomas has completed the Certified Board Member and Certified Board Member chairperson courses.

Sören Björkgård Investment Manager, Partner +358 50 512 1009 soren.bjorkgard@wedeco.fi

Sören has worked at Wedeco as Investment Manager since 2011.

 

Sören has strong and diverse experience in corporate finance, and he also has long experience working on boards both as a member and as Chair of the Board.

 

Sören has completed the Certified Board Member and Certified Board Member Chairperson courses and is a member of the Board of Pohjanmaan Hallituspartnerit ry.

Päivi Arffman-Jokelainen Controller +358 40 029 5293 paivi.arffman-jokelainen@wedeco.fi

Päivi Arffman-Jokelainen has worked for Wedeco since 2000. She has solid experience in various roles in financial administration, and at Wedeco she handles Wedeco’s financial administration, corporate finance documentation as well as internal and external reporting.

Keijo Kangasluoma Senior Advisor, Partner +358 40 752 0022 keijo.kangasluoma@wedeco.fi

Keijo started working at Wedeco as Investment Manager in 2001, and then took the role of CEO from 2005 until August 2020.

 

Keijo’s main areas of expertise are mergers and acquisitions, finance and strategies. He has been involved in more than 50 merger and acquisition transactions during his career. Keijo also has a long experience in working on boards both as a member and as Chair of the Board.

 

Keijo has completed the Certified Board Member and Certified Board Member Chairperson courses and is a member of the Board of Pohjanmaan Hallituspartnerit ry.

Pasi Haaramäki Senior Advisor, Partner +358 40 544 2963 pasi.haaramaki@wedeco.fi

Pasi has been involved in entrepreneurial activities for more than 30 years, as an entrepreneur in the logistics and ICT sectors and he has been and continues to be an active owner in start-ups and SMEs. Pas has extensive experience in mergers and acquisitions, finance and strategies.

Aki Kamppinen Senior Advisor, Partner +358 40 066 0680 aki.kamppinen@medivida.fi

Aki is a serial entrepreneur who has operated in sectors such as ICT and health care. He has also been an active owner in several SMEs for more than 15 years. Prior to his career as an entrepreneur, Aki worked as an investment banker at Mandatum, where he gained a lot of experience in mergers and acquisitions and finance. Aki is also an owner and Chair of the Board of Postvera, which is Wedeco’s largest shareholder.

The Board of Directors

– A versatile skillset is our biggest asset

Wedeco’s ownership base is a perfect platform for our efforts to strengthen the growth of our portfolio companies. In addition to investors with a background in Ostrobothnia and an in-depth knowledge and long experience in business, Wedeco’ owners include large industrial companies with local operations, banks, insurance companies as well as municipalities and cities in Ostrobothnia.

Aki Kamppinen
Chair of the Board

Aki is a serial entrepreneur who has operated in sectors such as ICT and health care. He has also been an active owner in several SMEs for more than 15 years. Prior to his career as an entrepreneur, Aki worked as an investment banker at Mandatum, where he gained a lot of experience in mergers and acquisitions and finance. Aki is also an owner and Chair of the Board of Postvera, which is Wedeco’s largest shareholder.

Anders Nordström
Deputy Chair of the Board

Anders has been working at ABB in various positions in financial administration and unit management in Finland and overseas since 1987. Before his current role as CEO of ABB Pension Fund, Anders was CFO at ABB Oy.

Kaj Aaltonen
Member of the Board

Kaj has worked in his current position as Account Manager at Elo Mutual Pension Insurance Company and its predecessor Eläke-Fennia in Ostrobothnia since 2002. Kaj has an extensive network of contacts and excellent knowledge of activities in Wedeco Oy’s area of operations. Kaj has been a Member of Wedeco’s Board of Directors since 2010, so he is familiar with Wedeco’s operations and target companies.

Pasi Haaramäki
Member of the Board

Pasi has been involved in entrepreneurial activities for more than 30 years, as an entrepreneur in the logistics and ICT sectors and he has been and continues to be an active owner in start-ups and SMEs. Pas has extensive experience in mergers and acquisitions, finance and strategies.

Veli-Matti Ylisalmi
Member of the Board

Veli-Matti has more than 30 years’ experience in banking. He has long held the position of Senior Relationship Manager at Nordea’s corporate bank in Ostrobothnia. He has extensive experience in corporate finance and various merger and acquisition transactions. Veli-Matti has also built a large network of contacts during his long career.

Contact information

Oy Wedeco Ab

Yrittäjänkatu 15, PL 810
65380 Vaasa, 65101 Vaasa

Thomas Lempiälä

CEO, Partner
+358 50 568 8033
thomas.lempiala@wedeco.fi

Sören Björkgård

Investment Manager, Partner
+358 50 512 1009
soren.bjorkgard@wedeco.fi

Päivi Arffman-Jokelainen

Controller
+358 40 029 5293
paivi.arffman-jokelainen@wedeco.fi