Varma invests in Auroora Yhtiöt

Finnish serial acquirer Auroora Yhtiöt Oyj and Varma Mutual Pension Insurance Company have signed an agreement under which Varma invests 7 million euros in Auroora through a directed share issue.

“We are very pleased that Varma, Finland’s leading investor, believes in us and has joined the growing group of our shareholders,” says Antti Rauhala, CEO of Auroora Yhtiöt. “As a result of Varma’s investment our balance sheet has been further strengthened. This enables us to have the flexibility for even larger corporate transactions, supported by our strong deal flow,” Rauhala continues.

Auroora was founded out of a desire to develop Finnish ownership with a long-term perspective. Auroora aims to be a permanent owner of good companies and develop businesses over economic cycles and decades. Auroora’s goal is to be the best home for companies, the best partner for entrepreneurs and the best investment for investors.

For more information:

Antti Rauhala, CEO, Auroora Yhtiöt Oyj, +358 40 549 0080

Auroora Yhtiöt

Auroora Yhtiöt Oyj is a Finnish serial acquirer that creates shareholder value by investing the cash flow generated by its subsidiaries in new, good cash flow-generating SMEs in selected segments. Auroora is a long-term owner who owns its subsidiaries permanently and offers its companies a platform for growth. The company’s turnover in 2023 was 131 million euros, and it includes more than 20 SMEs that employ around 800 people. The companies operate according to the serial acquirer model independently with their own name, brand and strategy as part of the Finnish community built by entrepreneurs. www.auroora.com