Korona Invest has acquired a minority stake in O.V. Lahtinen Ltd (“OVL”), a container service company specialized in container leasing and sales. OVL’s strong growth is based on its competitive leasing offering in the rail market between Asia and Europe. To support its compelling offering, OVL has developed its own IT system to enhance container transactions and container tracing. OVL’s goal is to become the leading container leasing company in the Eurasian market by strengthening its container fleet and human resources going forward.
OVL leases and trades more than 10,000 container units per year in Europe, Russia, and China, and is constantly expanding its geographical reach not only to large cities but also to more challenging destinations. OVL’s main customers are railway companies operating on Eurasian railways, as well as Chinese and European freight forwarders.
“The company has developed strongly over the last few years. By investing in growth, we can continue to offer our clients a cost-effective and environmentally friendly way of shipping goods. The collaboration with Korona Invest will significantly improve our ability to accelerate the company’s growth going forward” says Osmo Lahtinen, Managing Director of O.V. Lahtinen.
“OVL utilizes new technical solutions in a traditional industry. We are very pleased to join the company’s ownership base and to support OVL becoming one of the leading container leasing companies in the Eurasian rail market” says Matti Kangas, Investment Director of Korona Invest.
O.V. Lahtinen Ltd is one of the few European container leasing companies focused on serving the growing Eurasian rail market. In addition to the international container leasing business, OVL is one of the largest container traders in Finland. The company was founded by Osmo Lahtinen in 2007, and today it serves international logistics clients via three different offices located in Finland, China, and Lithuania.
Korona Invest is a Finnish private equity firm specializing in growth investments in the Finnish SME sector. Korona Invest has made 31 initial investments, over 100 add-on acquisitions into its portfolio companies and 22 exits. Korona Invest focuses on growth-orientated, and profitable companies with a turnover of 2-20 million euros.
O.V. Lahtinen Ltd
Osmo Lahtinen, Managing Director
+358 40 020 8682, osmo(@)ovlahtinen.fi
Matti Kangas, Investment Director
+358 50 377 3230, matti.kangas(@)koronainvest.fi