Today Terranor Group was listed on Nasdaq First North Growth Market

Today, 30 June 2025, is the first day of trading for Terranor Group AB (publ) on Nasdaq First North Growth Market. The listing marks an important milestone in the Group’s development and enables continued growth in a stable and societally critical market.

The fact that Terranor Group is now listed is the result of a strong joint effort. At Terranor Oy, we have worked together with other parts of the Group to build a solid foundation for this milestone. We now look forward to continuing to grow and develop in a listed environment as the leading player in road maintenance in the Nordic region.

“Today’s listing is an important milestone for Terranor and is a recognition of the entire organization. Through our local presence, operational strength, and a structured tendering process, we have delivered profitable growth in a stable and essential market. As a listed company, we are better positioned to pursue long-term growth and create value for both customers and shareholders,” says Michael Berglin, CEO of Terranor Group.

 

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Terranor Group has published a prospectus as part of its planned stock exchange listing

Terranor Group AB (publ) has today published the prospectus for the company’s planned listing of its shares on the Nasdaq First North Growth Market. The first day of trading is planned for June 30, 2025.

At Terranor Oy, we are proud to be part of Terranor Group and to support the Group’s continued growth. Over the past few years, Terranor has established a strong position in the road maintenance sector across the Nordics, operating in a stable and socially important market where our local teams deliver high-quality, reliable services every day, all year round.

“Terranor has built a strong position as a focused player in a stable and growing market. Through our locally rooted strategy and operational expertise, we deliver high-quality, reliable services every day, all year round. It is the combination of local commitment and decision-making by skilled employees, effective management and structured tendering processes that has enabled us to grow profitably while creating value for our customers. A listing provides us with good opportunities to continue this development and achieve our financial targets of increased profitability and long-term growth,” says Michael Berglin, CEO of Terranor Group.

More information and the prospectus are available at www.terranorgroup.com.

 

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New director and country manager Terranor Finland

Terranor Group is a leading supplier of road operations and maintenance with operations in Finland, Sweden and Denmark. With over 600 employees and a turnover exceeding SEK 3 billion, the company is the specialist supplier of road operations and maintenance in the Nordic region.

For the Finnish operations of Terranor Oy, Pasi Tolppanen will now take over as director in charge.

“To strengthen our competitiveness and build the organization for future growth, it is necessary to have a strong and clear leadership that also supports our core values and company culture. Pasi has the personal qualities, industrial background, and leadership experience to make a change. I am happy to have him with us and look forward working together to make our business in Finland even stronger”, says Michael Berglin CEO Terranor Group.

 

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Terranor Group enters the next strategic phase

The Terranor Group enters the next strategic phase:
Professionalization on the Group Level and Strategy Refinement of the accelerated growth path.

Since its foundation in November 2020, the Terranor Group’s annual revenue has grown from ~101 Million EUR to ~300 Million EUR in 2024, and profitability has improved by ~12 Million EUR. Today, the Terranor Group is stronger than ever, and we continue this path with the utmost determination and ambition.

“First in Mind in Road Operations and Maintenance in the Nordics” is our uncontested vision. Our employees prove every day that we live up to this vision and our values of performance, competence, forward-thinking, and working together.

2 companies – Terranor AB and Terranor Oy – became 7: Terranor AB, Terranor Oy, Terranor Verte Oy, Terranor Infra AB, Terranor Signa AB, Terranor Norvia AB, Terranor A/S.

For four years, the Terranor Group has grown at a compound annual rate of more than 30%, significantly expanding its regional coverage and service offering. The business’s complexity has continuously grown with it.
And with that, it comes with great excitement and pride that I can announce the further professionalization of the Terranor Group with a more refined top management team:
Michael Berglin joins the Terranor Group as the new Group CEO. Michael has a proven track record in the Nordic construction industry and extensive experience as a COO and CEO. He will take over the strong development of the No. 1 Nordic Road Operations and Maintenance Company and even accelerate our path to conquering the entire Nordic market.

David Margula (Chairman of the Board): “With this addition and the handover of my CEO responsibility, I am highly excited to have more time as the Chairman, given the rising complexity of the Group structures, to focus more on the strategic development of our operating model, the tender strategy, and the corporate development.”

#FirstInMind
#PeopleMakeTheDifference

David Margula and Michael Berglin

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Inka Kontturi started as CFO of Terranor Group

Terranor AB, Terranor Oy, and Terranor A/S are happy to announce the first Terranor Group CFO: Inka Kontturi will take over the responsibility of the Finance departments of all Terranor entities effective 01.06.2024.

Inka joined Terranor Oy on 19.09.2022 at our Helsinki Headquarters. Since then, she has taken over the responsibility for Finance, HR, and IT in a standalone model. She has independently developed our reporting, auditing, tracking, compliance, and management infrastructure. During our journey together, she has continuously proven her remarkable drive to fight for and develop Terranor in and outside of Finland. Her end-to-end Finance knowledge will boost our overall Group capabilities to the next level.

Before joining Terranor, Inka worked in the construction and infra business for the past 14 years and in finance for 18 years in total. She has worked at Geobear AB and Eltel Networks Oy.

With this change, the Terranor Group takes the next step towards professionalization along with our vision of “First in Mind in Road Operations and Maintenance”. Since its foundation in November 2020, the Terranor Group has grown from two companies with ~101mn€ to six companies with ~240mn€ revenue in Denmark, Sweden, and Finland combined. The exceptional compound annual growth rates of ~30% p.a. require new methods, ambition, and support structures. With that step, we feel very well prepared for the challenges ahead and the rebound of the construction industry to exploit opportunities among all competitors the most.

#FirstInMind #PeopleMakeTheDifference

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Päivi Hakala joins us as the new Head of Finland for Terranor Oy and its subsidiaries

Päivi has a proven track record of excellence and performance in the construction, rail, and engineering industries. She has 20+ years of experience from leading Finnish companies: only after 8 years at YIT, Päivi was promoted to the first female Business Unit Director in company history. She further developed her strategic thinking and people leadership skills at Eltel Networks where she worked as Business Unit Director in various units for more than 9 years.

After a detour in smaller businesses as interim management and her previous stage at Despro Engineering, Päivi will now become a driving force of the Terranor Oy growth journey to become Finland’s no. 1 Road Operations and Maintenance provider.

During her career, Päivi developed strong skills in people leadership, strategy development and execution, merger and acquisition, restructuring, and transformations.

She will guide our vision ”First in Mind in Road Operations and Maintenance in the Nordics” for Finland with a strong focus on our values: Yhdessä, Osaava, Rohkea, Aito.

With our management team Inka Kontturi, Johanna Kärnä, Iisko Rossi, and Harri Valkeinen we will jointly accelerate our growth and profitability plans.

#FirstInMind #PeopleMakeTheDifference

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Terranor Verte Oy

The Terranor Group enters the next phase of the success story: We diversify our service offering at Terranor Oy and have founded Terranor Verte Oy in Finland. A dedicated service provider for Green Environment Maintenance and Construction.

“First in Mind in Road Operations and Maintenance in the Nordics” is our clear vision. It stands for the promise to deliver in-time, in-quality, and in-cost for our customers. Always. But it also stands for the ambition of our staff. The energy and dedication of our employees to be more than just a provider of salting and de-icing. Because we offer the full bandwidth of O&M. We strive for revolutionizing the way how it is done.

It comes with great pleasure to announce that Johanna Kärnä has joined our journey to the top. She is one of the leading experts in Green Environment Maintenance and Construction in Finland. ~20 years of experience. Well-known and highly reputable. She has served many customers with ambition to deliver more than the average. We are happy to provide the platform Terranor to you to now fully drive the future of how it done the right way. We are lucky to have you with us, Johanna.

With this step, Terranor Oy will bundle the knowledge and experience of many years of project work in this field in one new unit to diversify, accelerate, enhance, and drive Environment Works, headed by Johanna. We will leverage experience and expertise cross-boarder with Terranor AB and Terranor A/S.

#FirstInMind #PeopleMakeTheDifference

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Success for Rovaniemi Region in the Väylävirasto’s customer satisfaction survey!

In the Finnish Transport Agency’s annual road user satisfaction survey, many contracts were particularly successful in winter road maintenance in winter 2020-2021. Based on the feedback survey, the Finnish Transport Agency has selected the most successful maintenance contracts in terms of customer service and those that improved most in terms of customer satisfaction.

The Rovaniemi regional contract is one of the contracts where road users’ satisfaction with winter maintenance has improved the most.
This success is due to our hard-working management team; Arttu, Juuso and Niko. Congratulations to the whole team!

For more information, visit the Finnish Transport Agency’s website: https://vayla.fi/-/maanteiden-talvihoidosta-kiitosta-katso-mista-loytyvat-tyytyvaisimmat-tienkayttajat?fbclid=IwAR1xrpmewBVFu3DyAKqNdq4NoF2WohbF4hnNF1jJmWlNVpr-MrDU-Fa38LY

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Terranor wins two new road maintenance contracts, in Kemi and Raasepori

Terranor Oy has won two new road maintenance contracts for the period 2021-2026, for Kemi and Raasepori. The new contracts will start on 1.10.2021 and will run for five years.

More information on the past road maintenance tendering process: https://vayla.fi/documents/25230764/35411132/Kilpailuttamisen_tuloksia_2021.pdf/14c090fd-15d2-1fae-6b97-f6dd35764751/Kilpailuttamisen_tuloksia_2021.pdf?t=1617884127099&fbclid=IwAR3CDkD-elME9UX65EKpuMzaoHijieBvr9kvuwllpx4_mm9k9z1G7qiQPZc

General information on tendering for contracts on the website of the Finnish Transport Agency: https://vayla.fi/palveluntuottajat/hankinnat/tieurakat

 

The Finnish Transport Agency and the ELY Centre of Southwest Finland put out to tender the 5-year road maintenance contracts responsible for the day-to-day management of roads. Road maintenance contracts are quality responsibility contracts, which are carried out in accordance with the quality requirements defined by Väylä.

The main objective of the road maintenance contracts is the benefit of the road user and their flexible service. The aim is to achieve a fair distribution of risks and to develop good cooperation between the client and the contractor. The aim of road maintenance contracts is also to provide opportunities for better development of maintenance work and to improve the quality of the contract and thus the productivity of the sector.

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