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GRK made a small acquisition in Estonia

GRKAnalyst Comment08.07.2025, 08.04
Tommi SaarinenAnalyst
Discuss

Translation: Original published in Finnish on 7/8/2025 at 8:15 am EEST.

GRK announced yesterday that it had acquired A-Kaabel OÜ, an Estonian company that specializes in infrastructure electrical services. The acquisition aims to strengthen GRK's position in the field of infrastructure electrical works in Estonia, which is set to grow in the coming years due to the green transition. The target company had revenue of 4 MEUR and a net profit of 0.25 MEUR, corresponding to approximately half of one percent of GRK's size. Therefore, the acquisition is very small in relation to GRK's size. The companies did not disclose the purchase price, leaving the valuation of the deal undetermined for the time being. Due to the small size of the acquisition, there is little pressure to change our estimates, but we will include the deal in our next update.

GRK Infra operates in the infrastructure sector. The company's core competence includes the implementation of various infrastructure projects, project management of large and small projects and extensive railway expertise. Customers include the state, municipalities and cities as well as the private sector. In addition to the parent company GRK Infra Oyj, the GRK Group includes companies in each country of operation: GRK Suomi Oy in Finland, GRK Eesti AS in Estonia and GRK Sverige AB in Sweden.

Read more on company page

Key Estimate Figures28.05.2025

202425e26e
Revenue728.4778.3735.5
growth-%33.4 %6.8 %-5.5 %
EBIT (adj.)45.650.544.1
EBIT-% (adj.)6.3 %6.5 %6.0 %
EPS (adj.)0.930.970.86
Dividend0.200.500.55
Dividend %2.0 %2.0 %2.2 %
P/E (adj.)10.926.429.8
EV/EBITDA5.214.215.4

Forum discussions

Here are Atte’s advance comments as GRK publishes its Q3 results next Tuesday We expect the company’s revenue to have grown by more than a quarter...
10/21/2026, 5:25 AM
by Sijoittaja-alokas
3
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9/30/2026, 9:53 AM
by Cadel
7
GRK released a PRESS release like this today. The Turku Tramway Alliance, consisting of the City of Turku, Turku Tramway Ltd, GRK, NRC Group...
9/28/2026, 6:11 PM
by Sijoittaja-alokas
4
Here are Aapo’s comments on how GRK is involved in the new data center contract. On Monday, GRK announced in its release that its recently acquired...
9/15/2026, 4:48 AM
by Sijoittaja-alokas
4
GRK Infra Oyj Home | GRK Infra Oyj GRK on Suomessa, Ruotsissa ja Virossa toimiva suomalainen infrarakentamisen konserni. GRK tarjoaa kaikki ...
9/14/2026, 6:10 AM
by Cadel
4
The €66M contract is the Muhos data center project, at least if local news is to be believed https://www.tervareitti.fi/artikkelit/maanrakennustyot...
9/10/2026, 5:55 PM
by Valkeus
3
I noticed this update from GRK: Yesterday’s news boosted construction companies more broadly, but based on the update and the list of partner...
9/10/2026, 5:35 AM
by Atte Jortikka
5