Dovre acquired a majority stake (51%) in Suvic in March 2021. With this transaction, Dovre Group Plc’s ownership in Suvic Oy will increase to 100%, thereby clarifying the subsidiary’s position and Dovre Goup’s structure. Dovre Group Plc has already been strongly committed to Suvic Oy’s business and projects, and this arrangement further strengthens Suvic Oy’s position in the market.

“Dovre’s business is focused almost entirely on renewable energy, with Suvic Oy at its core. This acquisition further reinforces that strategic focus. We believe that renewable energy is – despite the cyclicity of construction – a growing market. Project development is active, and we are seeing interesting growth in areas such as data centers and battery energy storage,” says Ville Vuori, Chairman of the Board of Dovre Group Plc.

“On behalf of the founding shareholders Vesanen, Räisänen, and Norrkniivilä, I can state that at this stage of the company’s story, moving under Dovre’s full ownership is the best solution, particularly in terms of enabling further growth. Founded in 2017, Suvic has matured into a significant player in the industry and now employs over 250 people in Finland and Sweden. We are proud of the journey so far and highly committed to continuing the development work with the aim of building an even stronger Suvic,” says Ville Vesanen, CSO at Suvic.

The transaction is expected to be completed during October 2025.