What Lassila & Tikanoja does

Lassila & Tikanoja Oyj (L&T) is a Finnish public limited company listed on Nasdaq Helsinki under ticker LAT1V, headquartered in Helsinki, Finland. Following a partial demerger completed on December 31, 2025, the company became a pure-play Nordic circular economy services provider; facility services were spun off into a separate listed entity, Luotea Plc. L&T operates across waste management and recycling, hazardous waste handling, industrial process cleaning (high-pressure washing, sandblasting, dry ice blasting, vacuuming), water and sewer services, pallet services, plastic recycling, secure data destruction, and circular economy consulting. The company serves industrial and commercial businesses, construction firms, residential customers, and public sector entities in Finland and Sweden, supported by digital self-service platforms (Oma L&T, Ympäristönetti, Raksanappi).

In FY2025, L&T generated EUR 426.6 million in revenue (+0.7% YoY) and EUR 40.6 million in adjusted EBITA, processing 1.1 million tonnes of materials annually and performing 12 million container emptyings with a 61.8% customer recycling rate. The company employs approximately 2,300 people across Finland and Sweden, following Swedish market entry via a 70% stake in Sand & Vattenbläst i Tyringe AB (SVB) in February 2022. L&T pursues a programmatic M&A strategy, completing three acquisitions in 2025 (combined ~EUR 13M net sales) and two regional waste management acquisitions in May 2026 (Kempeleen Siirtokuljetus Oy and Kempeleen Jätekuljetus Oy). The business model is B2B and B2C service-based, with quote-based pricing negotiated per contract, monthly billing cadence, and direct field sales supplemented by customer service centers and digital self-service portals. CEO Eero Hautaniemi announced plans to step down in 2027, and CFO Joni Sorsanen remains in place.

Name

Lassila & Tikanoja

Legal name

Lassila & Tikanoja Oyj

Website

https://lassila-tikanoja.fi

Company type

Public

Founded year

1905

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Lassila & Tikanoja is a Finnish-listed Nordic circular economy services company providing waste management, recycling, industrial cleaning, hazardous waste handling, and water and sewer services to industrial, commercial, residential, and public sector customers across Finland and Sweden.

Ownership category

akta.pro rank

Product category

Environmental and Waste Management Services

NAICS

Waste Collection (5621), Waste Treatment and Disposal (5622), Remediation and Other Waste Management Services (5629), Hazardous Waste Collection (562112), Other Nonhazardous Waste Treatment and Disposal (562219), Warehousing and Storage (493)

SIC

Refuse Systems (4953), Sanitary Services (4950), Hazardous Waste Management (4955)

akta.pro primary industry

Circularity Consulting & Program Management (EPR, Design-for-Circularity, LCA) (EUAIANAH)

akta.pro secondary industries

Industrial Waste Handling & Compaction Equipment (Balers, Compactors) (IMAHALAI), Compactor, Container & Roll-off Services (Rental, Service & Logistics) (EUAIAGAC), On-site Waste Compaction & Baling Operations (BPABALAD), Waste & Resource Management (General Waste/Recycling/Composting) (IMAIAAAG), Industrial Packaging Waste Services (Pallets, Cardboard, Film, IBCs/Drums—Non-hazardous) (EUAIAGAD)

Keywords

• Waste management services
• Recycling services
• Industrial cleaning services
• Hazardous waste handling
• Circular economy solutions

Headquarters

HQ city

Helsinki

HQ country

Finland

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Circular Economy Services: Revenue from waste management, recycling, hazardous waste collection and treatment, and environmental remediation services provided to industrial, commercial, and residential customers.
2. Industrial Services: Revenue from process cleaning, high-pressure washing, sandblasting, vacuuming, and water treatment services for industrial clients.
3. Water and Sewer Services: Revenue from sewer maintenance, water treatment, and portable toilet services for construction sites and events.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels7 records

Core offering

Lassila & Tikanoja is a Nordic circular economy company that provides integrated waste management, recycling, hazardous waste handling, industrial process cleaning, water and sewer services, pallet management, and circular economy consulting to industrial, commercial, construction, public sector, and residential customers across Finland and Sweden. The company also sells physical equipment such as waste compactors and balers and offers digital self-service platforms for environmental reporting and account management.

Product overview

Lassila & Tikanoja (L&T) is a Nordic circular economy company offering integrated environmental and industrial services. The portfolio includes waste management and recycling services, hazardous waste handling, industrial process cleaning (high-pressure washing, sandblasting, vacuuming), water and sewer services, pallet services, plastic recycling, data protection services, and circular economy consulting. The company also provides physical products including waste compactors and balers, along with digital tools such as the Oma L&T customer portal and Ympäristönetti environmental management platform. Services are delivered to corporate, industrial, and residential customers across Finland and Sweden.

Differentiator

Problem solved

Functional benefit

Products and services

• Waste Management and Recycling (Jätehuolto ja kierrätys) Comprehensive corporate waste management and recycling services including collection containers, sorting guidance, and material recovery for all waste fractions, targeted at industrial and commercial businesses across Finland and Sweden.
• Industrial Process Cleaning (Teollisuuden prosessipuhdistus) Industrial cleaning services including high-pressure washing, sandblasting, dry ice blasting, industrial vacuuming, water jetting, and contaminated soil remediation for industrial facilities across Finland and Sweden.
• Hazardous Waste Services (Vaaralliset jätteet) Collection, treatment, and compliant disposal of hazardous and problem waste from industrial and commercial sources, requiring specialized environmental licenses.
• Water and Sewer Services (Vesi- ja viemäripalvelut) Sewer maintenance, water treatment, and portable toilet/event services for industrial, commercial, public sector, and residential customers, including advanced imaging inspection of sewer lines.
• Pallet Services (Kuormalavapalvelut) Exchange container and pallet management services for logistics and warehouse operations, including pallet recycling and reuse (acquired from Stena Recycling's pallet business in 2025).
• Plastic Recycling (Muovin uusiointi) Plastic material recycling services converting plastic waste back into reusable raw materials, with planned 1.5x capacity expansion at the Merikarvia facility.
• Data Protection Services (Tietosuojapalvelut) Secure destruction and disposal of confidential documents and data-protected materials for corporate customers.
• Circular Economy Consulting (Kiertotalouden asiantuntijapalvelut) Expert advisory services on circular economy practices, biodiversity, environmental restoration, and sustainability reporting for businesses and municipalities.
• Household Services (Kotitalouspalvelut) Residential waste management, sewer services, septic tank emptying, and home waste sorting guidance for individual homeowners and housing companies.
• Waste Compactors (Jätepuristimet) Waste compaction equipment to reduce volume and optimize collection efficiency for businesses.
• Waste Balers (Jätepaalaimet) Waste baling equipment to compress and bundle recyclable materials for transport and processing.

Quantifiable outcome

• 61.8% customer recycling rate achieved through circular economy services
• +2 more outcomes

Named customers7 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered core and minor.

• Osuuskauppa PeeÄssäcoreStrategic or Co-development Partner · 1 June 2026L&T and Osuuskauppa PeeÄssä entered into a wide-ranging partnership to strengthen circular economy in North Savo region. The cooperation covers waste management, recycling, and environmental services for the cooperative's operations.
• Sand & Vattenbläst i Tyringe AB (SVB)coreStrategic or Co-development Partner · 1 February 2022L&T Industrial Services division acquired 70% stake in Swedish process cleaning company SVB, marking L&T's entry into the Swedish process cleaning market. SVB generates about EUR 10 million in net sales and employs around 60 staff.
• NRCminorStrategic or Co-development PartnerNRC and L&T are both involved in Finland's longest bridge tramway project (Kruunusillat), where L&T provides industrial and environmental services.

Scale indicators12 records

Recent moves7 records

Expansion highlights5 records

Emerging players

• Bilfinger: Bilfinger is a European industrial services provider offering process cleaning, maintenance, and environmental services to industrial customers. It is a partial-overlap peer to L&T's industrial services division in process cleaning and high-pressure washing.

Direct peers

• Clean Harbors: Clean Harbors is a North American provider of environmental and industrial services including hazardous waste management, industrial cleaning, and emergency response. It is a direct peer to L&T in hazardous waste handling, industrial process cleaning, and remediation services.
• Biffa: Biffa is a UK-based integrated waste management business providing collection, recycling, and disposal services. It is a direct peer to L&T in commercial waste collection, recycling, and circular economy services within the UK market.
• Renewi: Renewi is a European recycling company with operations in the Netherlands, Belgium, France, Germany, and the UK focused on converting waste into reusable materials. It is a direct peer to L&T in commercial and industrial waste collection, recycling, and circular economy services in Europe.
• Stena Recycling: Stena Recycling is a Nordic recycling and circular economy company operating across Sweden, Norway, Denmark, Finland, Poland, Germany, and Italy. It is a direct peer to L&T in metals, electronics, and industrial recycling services, and was the seller of the pallet business that L&T acquired in 2025.
• Stericycle: Stericycle is a US-based provider of regulated waste management services including medical waste, secure information destruction, and compliance services. It is a direct peer to L&T in hazardous waste collection and secure data/document destruction services.
• FCC Environment: FCC Environment is a Spanish and European environmental services company providing waste collection, treatment, recycling, and disposal. It is a direct peer to L&T in municipal and industrial waste management and circular economy services in Europe.

Others

• ISS A/S: ISS A/S is a Danish global facility services company providing cleaning, property services, and integrated facility management. It is a thematically related peer to the former combined L&T business, though L&T's facility services were spun off into Luotea Plc in December 2025.

Broad incumbents

• Veolia Environnement: Veolia is a global leader in water management, waste management, and circular economy services, operating across more than 40 countries. It is a broad incumbent peer to L&T in waste collection, recycling, hazardous waste, and water/sewer services, with a much larger pan-European scale.
• Suez: Suez is a global water and waste management company providing collection, recycling, and recovery services primarily in Europe. It is a broad incumbent peer to L&T in municipal and industrial waste, water treatment, and circular economy services.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat5 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCoAjlHd76gQQ_5g84Zffixw
• Facebookfacebook.com/kierratysbottikikka
• LinkedInlinkedin.com/company/lassila-%26-tikanoja
• Instagraminstagram.com/lassilatikanoja
• Xx.com/lassilatikanoja

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries5 records

Funding overview

Funding rounds1 record

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A34 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Lassila & Tikanoja