EcoReal, a Raksystems Group subsidiary, acquires finnish KnowTek

Sustera. Building lifecycle company.

EcoReal Oy, a real estate and construction consultancy belonging to Raksystems Group, acquired the entire share capital of KnowTek Oy on 31 March 2023. KnowTek will continue to operate as before as a separate company.

A consultancy offering services in the fields of real estate and building services engineering, KnowTek was established in 2007. In the 2022 accounting period, the company had 18 employees and a turnover of €2.0 million. The operations are based on HVAC, electricity and automation engineering and building services supervision, and the company has offices in Pirkkala and Ilmajoki.

Established in 2016, EcoReal Oy is a growing real estate and construction consultancy with the aim of making its customers’ properties carbon neutral while taking into account the wellbeing of the property users. EcoReal’s turnover in 2022 was €13.9 million, and it employs 60 professionals. EcoReal has offices in Helsinki, Turku and Tampere. The company has been part of Raksystems since 2022.

EcoReal’s goal is to be the most competent partner for responsible property owners by 2025. The acquisition will accelerate the achievement of this goal by developing EcoReal’s overall energy services and service offering, particularly in the field of energy renovation.

“EcoReal and KnowTek have collaborated in the past, so we know each other’s areas of expertise. The acquisition will provide us with additional resources for HVAC and electrical engineering and a boost to our automation and heat pump expertise pool, which is essential for successful energy renovations. The strategic acquisition enables us to provide even better services to our customers,” says Janne Rytkönen, the CEO of EcoReal Oy.

“We are very proud to be part of EcoReal and Raksystems Group. The merger enables us to offer a more diverse range of services and broader shoulders for our customers to rely on. We will also be able to take advantage of Raksystems Group’s wide range of services. By combining the core competencies of both companies, we will certainly be able to deliver customers even more added value and develop our operations together,” says Ari Elorinne, the Managing Director of KnowTek Oy.

Operations will continue as normal after the acquisition. The arrangement will not affect any customer relationships or partnerships. The acquisition is expected to bring increased resources for energy renovations with an emphasis on the engineering side.

For more information, please contact:

EcoReal Oy
Janne Rytkönen, CEO, +358 40 532 2261,

KnowTek Oy
Ari Elorinne, Managing Director, +358 50 325 6656,