Intera invests in Cervi, a Finnish specialist in ventilation, clean indoor air and cooling. With the transaction, Intera and Cervi will be building an even stronger domestic specialist in ventilation and cooling and Cervi will take a significant step towards its ambitious growth targets.
Founded in 2014, Cervi operates in the Helsinki Metropolitan Area and in other Finland’s largest cities and growth centres. Cervi’s services cover all the work required to maintain, repair, and renovate ventilation systems. The company also services, repairs and monitors refrigeration and cooling equipment. Over the last five years, Cervi’s turnover has grown by an average of more than 50% per year. In 2021, the company’s turnover was around €16 million.
– We are thrilled to be part of the future story of Cervi. Our role is to ensure that Cervi gets the support it needs to grow. Cervi is a unique company in Finland whose strong focus on indoor air quality, ventilation and cooling has paid off. The company has vast growth potential, comments Janne Näränen, Partner at Intera.
Cervi’s growth relies heavily on its role as a specialist in ventilation and cooling, which the company intends to expand even further in the future. Cervi’s growth plan is to move towards a more comprehensive service offering continuously. Indoor environment solutions are built around the development of ventilation, cooling and heat recovery, with smart technology playing a key role.
– Together with Intera, we are now building an even stronger domestic specialist in ventilation and cooling. Our goal is to be the leading specialist and partner in energy-efficient ventilation and cooling solutions and the most sought-after employer in the industry. Our target is to increase Cervi’s headcount to a thousand and turnover to €100 million, says Petri Valve, CEO of Cervi.
Further information:
Janne Näränen
Partner, Intera Partners
janne.naranen@interapartners.fi
tel. 050 566 4869
Petri Valve
CEO, Cervi Talotekniikka Oy
petri.valve@cervi.fi
tel. 0400 435 447
Intera Partners is a Finnish private equity investor focused on the growth and internationalisation of companies. Intera manages three active funds with a combined capital of €785 million. The funds have a total of 11 portfolio companies with a combined turnover of €900 million and currently employ a total of 11 000 people.
Founded in 2014, Cervi operates in the Helsinki Metropolitan Area, Kymenlaakso, Pirkanmaa, Kanta-Häme and Southwest Finland. The company employs around 200 ventilation professionals. Cervi’s services cover all the work required to maintain, repair, and renovate ventilation systems. We provide consultation and collaboration, including ventilation design. We also service, repair and monitor refrigeration and cooling equipment. Our mission is to be the best ventilation partner for our customers. We want to truly understand our customers’ needs and provide them with solutions and services to improve indoor air quality and, thus, the quality of life. In addition to financial savings, we save energy and natural resources and reduce our carbon footprint.