In spring 2017, four fire safety companies decided to join forces and create the Paloff Group. JH-Sprinkler Contractors, JH-Sprinkler Maintenance, Novecom and Hewal each have their own strengths. Together we complement each other.
At Paloff, we can ensure the fire safety of a building throughout its life cycle, from design to contracting and periodic maintenance. Here, designers and contractors learn from each other. The designers are present on site to check that everything is running as it should. The contractors, on the other hand, share information with the designers from the field, which helps them to make better designs.
As buildings get taller, fire safety needs to be given special attention. Fire safety can even become a selling point as people become more aware of its importance. The fire safety industry also needs to modernise. Improving fire safety is a challenging task, but every problem we solve can save someone’s life.
Finnish fire safety leader Paloff Group joined forces with Swedish fire safety leader BST Group in spring 2022.
We at Paloff believe that the fire safety sector will continue to develop positively. The move to the BST Group will enable Paloff to grow its operations in Finland, as well as to offer services in other Nordic countries. The larger entity will also bring with it a wealth of expertise that we at Paloff will use to create an even safer future for fire safety.
PK Sprinkleriasennus Oy has become a part of the leading Nordic fire safety operator BST Group through an acquisition on 1.12.2022.
PK Sprinkleriasennus Oy had a turnover of EUR 3.1 million and an operating profit of EUR 0.2 million in the financial year 2021 and employed a total of 10 people. PK Sprinkleriasennus merged on 31 May 2023 with Paloff Sammutusysteme Oy, a member of the BST Group, forming a significant fire safety entity in Finland.
As part of the arrangement, the shareholders of PK Sprinkleriasennus Oy have become shareholders of the BST Group, which after the arrangement will have an annual turnover of approximately EUR 140 million and 643 employees.
On 19 December 2022, PK Sprinkleriasennus Oy and Paloff Sammutusysteme Oy have signed a merger plan according to which PK Sprinkleriasennus Oy (business ID 2736487-5) will merge with its sister company Paloff Sammutusjärjestelmät Oy (business ID 2186075-5).
The merger will take effect on 31.5.2023.
The reason for the merger is the consolidation of businesses and the expansion of the activities of the acquiring company.