Katja Häkkinen

Dottir advised the shareholders of Lumo Analytics on the sale of the company to GeologicAI.

Lumo Analytics Oy is a technology company that provides advanced laser-based drill core scanning and analysis solutions for the mineral exploration and mining industry. Using innovative LIBS-based technology, the company delivers near real-time geological data that enables geologists and mining professionals to make faster, more accurate decisions, improve operational efficiency and reduce costs.

GeologicAI is the global leader in High-Resolution Decision Engineering for the critical minerals sector. The acquisition by GeologicAI marks a significant milestone in Lumo Analytics’ growth, supporting continued product development, expanded sensor integration and the advancement of decision-modeling solutions for global mining operations.

Dottir advised Beijer Tech in its acquisition of a majority stake in Clara Nordic Oy, the owner of Ewona Finland Oy – a Finnish manufacturer of acoustic and insulation products known for its Ewona and Insuplast brands.

Beijer Tech, a subsidiary of Beijer Alma, strengthens its Niche Technologies business area and gains access to a growing market focused on acoustic comfort and sustainable materials. Ewona’s certified, allergy-friendly products and strong reputation in Finland complement Beijer Tech’s strategy of acquiring profitable niche companies with high value-add and growth potential. The acquisition also supports Beijer Alma’s long-term ambition to expand its presence in the Nordic manufacturing industry through value-creating partnerships.

“We value Dottir’s practical approach and strong transaction expertise, which have supported us in this and previous projects,” says Jussi Laitinen, Managing Director, Beijer Oy.

Dottir advised the shareholders of Melkki on the sale of the company to Midagon.

"We are extremely pleased with the professionalism of Dottir's team – thank you for your support, advice, and dedication," said Tuukka Ihalainen, CEO of Melkki.

"Dottir’s expertise played a crucial role in helping us achieve our key goals in this project," adds Patrik Felixson, Co-Founding Partner of Melkki.

Founded in 2015, Melkki is an independent Finnish consultancy specializing in strategic IT management. The company has a strong track record in IT management consulting and a proven ability to drive impactful transformations.

Midagon, known for its expertise in complex business and IT transformation projects, aims to become the leading player in its field in the Nordic region. This merger further enhances Midagon’s IT management consulting capabilities, as the two companies join forces to create Finland’s leading independent firm for business and IT consulting, as well as transformation leadership.

Dottir advised the shareholders of Nordic Power Service Oy in the sale of the company to Ernströmgruppen AB.

Nordic Power Service specializes in the installation and maintenance of recovery and power boilers used in the energy and process industries, and had a turnover of 24 million euros last year. Ernströmgruppen is a Nordic, family-owned industrial group with a business concept centered on owning and developing entrepreneur-driven niche companies.

Through the acquisition, Ernströmgruppen strengthens its Flow Technology business area, supporting its ambition to deliver sustainable, energy-efficient solutions and positioning Nordic Power Service for continued growth in a market with increasing demand.

Oddlygood, a Nordic leader in plant-based foods, has acquired the pioneering British plant-based company, Rude Health. Dottir advised Oddlygood throughout the process.

“We trust Dottir for their reliability, knowledge, and responsiveness. Their dedication to achieving the best outcome is clear in every interaction,“ said Niko Vuorenmaa, CEO of Oddlygood.

In recent years, Oddlygood's revenue has grown by approximately 40 percent annually. In addition to accelerating the company's growth, this partnership unites two innovative companies on a mission to elevate the standard of plant-based food and beverages. The transaction represents a significant milestone for Oddlygood, marking another step toward its ambition to become one of the leading plant-based companies in the UK and Europe.

Kapacity.io, a European leader in heat pump optimization and flexibility, has been acquired by EnergyHub, North America's leading provider of residential flexibility solutions. Dottir advised Kapacity.io throughout the process.

"Working with Dottir's team was effortless, seamless, and well-coordinated, with a shared understanding at every step," said Jaakko Rauhala, co-founder and CEO of Kapacity.io.

With EnergyHub’s resources and expertise, Kapacity.io will focus on expanding partnerships with electricity retailers and heat pump manufacturers, aiming to unlock the benefits of residential flexibility for consumers. This collaboration provides Kapacity.io with new opportunities to enhance its capabilities, strengthen partnerships across Europe, and deliver an improved customer experience.

Dottir advised the shareholders of Documill Oy on the sale of the company to UK-based Ascendx Cloud Ltd.

“We were very pleased with the diligent yet efficient way Dottir’s team guided us through this rather complex cross-border M&A project,” said Mika Könnölä, CEO of Documill and one of the sellers.

Documill helps Salesforce-powered enterprises to digitalize their core document processes. It does so through company-specific workflows, collaborative document creation, the inclusion of process-related tasks such as approvals and e-signing, and highly flexible document automation capabilities.

Dottir advised the shareholders of Suomen Avustajapalvelut in a transaction in which funds managed by Verso Capital Oy and Armada Credit Partners are investing in Suomen Avustajapalvelut, alongside the company's founders. In the same context, CapMan Growth exits its role as the largest shareholder and makes a small reinvestment in the company.

Suomen Avustajapalvelut is a leading provider of high-quality personal assistance services in Finland. With a strong track record of reliable and person-centred care, the company offers essential support solutions that enhance independence and wellbeing for individuals across the country.

We have had the pleasure of being involved in the possible merger of Vincit and Bilot.

This is the feedback we got from our client Vincit:

"Dottir advised Vincit on a potential merger and was an integral part during the whole negotiation and agreement forming process. We were most happy with their expertise, flexibility and overall good vibe with everyone involved. High Recommendation." - Chief Operations & Legal Officer, Vincit

Dottir advised the international industrial group Beijer Alma AB in its acquisition of AVS Power Oy, a leading Finnish technical wholesaler and manufacturer of pneumatics, industrial valves and compressors.

In the transaction, Beijer Alma’s subsidiary Beijer Tech acquired 100 percent of the shares in AVS Power Oy. As a part of the transaction, operational assets transferred to AVS Power Oy from the previous parent company AVS-Yhtiöt Oy. Through the acquisition, Beijer Tech strengthens its position in the Finnish market.

Beijer Alma AB is an international industrial group focused on component manufacturing and industrial trading. The Group includes; Lesjöfors, one of Europe’s largest spring manufacturer and Beijer Tech, which holds strong positions in the Nordic industrial trading- and manufacturing markets. Beijer Alma is listed on the Nasdaq OMX Stockholm Mid Cap list.

Dottir acted as counsel for Lumoa (Lumoame Oy) in their acquisition by Netigate.

"Dottir managed the sales process very smoothly to the finish line within the given timeline. They operated with quality and acted as a cohesive team," said Carlos Del Corral, Co-Founder of Lumoa.

Lumoa, a pioneer in integrating generative AI technology into customer experience platforms, automates feedback analysis to boost satisfaction metrics, aiding companies in maintaining business growth with ease. Netigate offers a comprehensive feedback solution that caters to all surveying needs, facilitating informed decision-making for over 1500 global brands. With this merger, Lumoa and Netigate are set to become the leading European experience management platform.

Dottir advised sole shareholder of e-ville.com in the acquisition of the company by Verkkokauppa.com Oyj. E-ville is an online store headquartered in Finland with operations in China. The acquisition is the first in the history of Verkkokauppa.com. The acquisition supports Verkkokauppa.com's strategy to strengthen and expand its assortment in own brands. With the acquisition, Verkkokauppa.com will get e-ville’s experienced sourcing organization operating in Shenzhen, China and Hong Kong.

Nordic growth investor CapMan Growth invests in and becomes minority owner of Cloud2, the leading multi-cloud house in Finland. Helsinki-based Cloud2 is focused on developing and managing cloud environments. They hold broad expertise and challenge the markets with a bold straightforward approach.

Dottir assisted CapMan Growth in the investment. Here's some feedback we got from CapMan Growth's partner Heikki Juntti:

"The whole process with Dottir was really efficient and fast. Overall everything went smoothly, which we are very happy with."

Dottir advised Warner Music Finland in its acquisition of the record label business of The Fried Music, the iconic Finnish label founded by Jukka Immonen. Following the acquisition, The Fried Music's artists will join Warner Music's roster and Jukka Immonen will be appointed as Warner's new Head of A&R, effective January 1, 2024.

Warner Music Finland is the largest music entertainment company in Finland and operates across recorded music, music publishing, and artist services.

Dottir advised Ruokaboksi Oy in their EUR 3.5 million funding round. The round was led by Nordic Foodtech VC and participated by Suomen Teollisuussijoitus Oy as well as certain existing shareholders.

Ruokaboksi offers recipes along with fresh ingredients for several meals delivered to your door. Their goal is to make everyday cooking easy and effortless while reducing food waste and supporting domestic food production.

Ruokaboksi will use the funding to develop the content and selection of its products and also to expand its operations to international market.