Destia acquires the electricity business of Rificum Oy to strengthen energy business
Destia acquires the substation construction business of Rificum Oy to strengthen its energy business. The acquisition sees the substation construction business of Rificum Oy, their 14 employees and equipment become part of Destia on July 31, 2024.
Rificum Oy has been a Destia subcontractor in electrical installations and commissioning of substation projects and has versatile experience in electrical works in both construction and renovation projects.
“The energy business is essential to Destia’s strategy, and the increase in substation construction offers an opportunity for growth. The acquisition ensures that we have the resources for the expansion. We have already worked with the he installers and commissioners of Rificum Oy for several years and warmly welcome them to Destia”, says Tapio Salo, Head of Energy and Industrial Services business division at Destia.
Destia implements a wide range of energy infrastructure projects from wind and solar power to the design, construction and maintenance of power lines and electricity networks and substations. For example, Destia is currently building Finland’s first synchronous condenser for Fingrid to balance the fluctuations of wind power in the transmission grid.
Destia
Destia is the biggest infrastructure service company in Finland and part of the global Colas Group. We create the foundations of a well-functioning society by designing, building and maintaining traffic and energy infrastructure for tomorrow. We do this with the unique sense of infrastructure of our approximately 1,700 professionals. Our revenue amounted to approximately MEUR 640 in 2023. www.destia.fi/en/
Media enquiries
Noora Veijalainen, Communications Specialist
Phone: +358 41 730 7590
Email: noora.veijalainen@destia.fi