Nationwide expansion for circular economy company Syklo Oy
Suomen Energiamurske Oy’s circular economy cluster, located in Hyvinkää, got a new owner in January when Syklo Oy acquired its entire share capital from Riob Oy.
Circular economy company Syklo has acquired Suomen Energiamurske Oy on 9 January 2024. The unique circular economy cluster formed by Suomen Energiamurske will continue its operations as a subsidiary of Syklo Oy under the management of Syklo’s managing director, Teemu Koskela. Suomen Energiamurske’s managing director Heikki Sinkkonen will continue to work for the company under a commission agreement during a transition period, ensuring good customer service and the integration of issues related to different practices into Syklo’s operations. The selling price of the acquisition will not be released.
“Our goal is to grow into a national and international circular economy partner that will reform the circular economy market. Through Suomen Energiamurske, we will have a strong growth platform in southern Finland that will enable us to implement new industrial investments in circular economy innovations and services. We want to build a better world and do it in a way that is as sustainable and profitable as possible and creates innovative growth throughout Finland. Syklo’s job is, with its operations, to encourage all of society to move from the current unsustainable consumption of raw materials to a truly circular economy,” shares Teemu Koskela, Syklo’s managing director.
With the acquisition, Syklo Oy, a key player in the circular economy field of Northern Finland, has taken a significant step towards its goal of nationwide presence and service offerings. The company’s business model aims to achieve an ever-higher degree of circular economy in its most important ecosystems; closing the cycles of construction materials and making new products from biomass waste streams. The Hyvinkää circular economy cluster provides Syklo the opportunity to implement investments in reforming the circular economy in accordance with the company’s growth strategy.
Suomen Energiamurske is engaged in leasing out facilities and functions suitable for the circular economy, the reception of construction and demolition waste, and selling energy fractions. The company’s five-and-a-half-hectare property has an environmental permit enabling the reception of 100,000 tonnes of waste per year and a total building stock of approximately 6,400 square metres. Heikki Sinkkonen has led the construction of first-class facilities in the area and the operating conditions for versatile circular economy operations.
“Syklo’s growth and development plans for Suomen Energiamurske assured us we’re going to a responsible home. I have worked for a long time to grow the operation of the circular economy cluster into what it is today. However, now is the time to take on a heavier load and for further development of our operations under Syklo’s leadership. Our employees and customers are definitely in good hands,” comments Heikki Sinkkonen, Riob’s managing director.
As its new owner, Syklo warmly welcomes the employees of Suomen Energiamurske and is committed to be a responsible and fair employer. The area’s lease agreements will continue unchanged with the existing partners. In line with its growth strategy, Syklo is also committed to further develop and grow its operations in the region with existing and new partners, and consequently, increasing its workforce.
“It’s great that Heikki Sinkkonen and his team have been able to establish significant cooperation relationships with several circular economy companies. We want to strengthen and develop these cooperation relationships because no one can manage on their own in a circular economy. Together, we can succeed in providing solutions to world-class problems,” continues Teemu Koskela.
Additional information:
Teemu Koskela, managing director, Syklo Oy,
+358 50 400 8721
teemu.koskela@syklo.fi
Heikki Sinkkonen, managing director, Riob Oy,
+358 400 394 841
heikki.sinkkonen@riob.fi
Offices
Nahkatehtaankatu 2,
90130 Oulu
Pohjoisesplanadi 39,
00100 Helsinki
Waste reception
Ruskonseläntie 21,
90620 Oulu
Kerkkolankatu 40,
05800 Hyvinkää