TAALERI PLC PRESS RELEASE 31 MARCH 2020 AT 3:00 PM (EET)

Taaleri Private Equity Funds’ associated company Touchpoint to acquire Domino Workwear Oy

As society is faced with unprecedented challenges, the ability to reform and enable growth becomes vital for businesses. In addition to a strong commitment to promoting growth, Industry forerunners will need to be able to think beyond the current crisis.

Touchpoint broadens its horizons by acquiring Tampere-based workwear company Domino Workwear Oy. With complementary strengths, the companies can significantly bolster their capabilities. From the beginning, Touchpoint has focused on promoting sustainability. The company is committed to transforming the textile industry from the point-of-view of workwear companies. Respectively, Domino Workwear has for years been a trusted partner for several key players in Finland. The company is well-known for guaranteed quality and reliable delivery.

By joining forces, the companies take a leap forward in developing their workwear service offering, first in Finland, and in the future, internationally. The acquisition provides Touchpoint the opportunity to offer workwear services to a wider range of businesses and industries. Customer-centricity and innovation will continue to be at the heart of the company’s operations. Touchpoint offers its partners modern ecological workwear solutions with functional design, a circular service model for used textiles, and professional and reliable customer service for projects of all sizes.

“We will continue to be customer-centric, innovative and inspiring in our way of doing what we do. As a partner, we enable modern workplace ecological workwear solutions with robust and functional design, a circular economy service model for recycled textiles, and we respond to larger projects with solid professionalism and reliability,” says Outi Luukko.

The combined expected revenue is approximately 15 million euros for 2019 (Touchpoint’s financial year finishes 31.3.). Outi Luukko will continue as the CEO, heading up a team of 20 people in total. The companies will carry on operating from Helsinki and Tampere. Founder of Domino Workwear, Pekka Rajala, starts as a board member in Touchpoint and Arto Pitkänen will continue in daily operational business. “We are thrilled to be joining forces. We have boosted our capabilities and can help provide the best possible service for our customers,” Outi Luukko continues. 

Touchpoint
Touchpoint, established in 2008, is an associated company to Taaleri Private Equity Funds Ltd.’s Taaleri Circular Economy Fund. Touchpoint provides sustainable workwear solutions that represent the new era. Some Touchpoint’s case references are Hesburger, Sakupe, Viking Line, SOL Palvelut, Finavia, AirPro, Scandic.

Domino Workwear
Domino Workwear Oy is a Tampere based workwear company, established in 2006. Some of Domino’s case references are Finnish Defence Forces, Uudenmaan Sairaalapesula and Meira Nova.

Taaleri Plc
Communications

For further information, please contact:
Outi Luukko, phone +358 400 40 6083, outi.luukko@touchpoint.fi
Arto Pitkänen, phone +358 50 344 2105, arto.pitkanen@dominoworkwear.fi

Taaleri in brief

Taaleri is a Finnish financial services company, whose parent company, Taaleri Plc, is listed on Nasdaq Helsinki main market. The Taaleri Group comprises three business areas: Wealth Management, Financing, and Energy. In addition, the Group makes investments from its own balance sheet.  

At the end of 2019, Taaleri had assets under management totalling EUR 7.1 billion and 5,500 wealth management customers. Taaleri Plc has some 4,700 shareholders. Taaleri’s operations are supervised by the Finnish Financial Supervisory Authority.

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Sophie Jolly, Head of Communications and IR, tel. +358 40 828 7317, sophie.jolly@taaleri.com