Rakennusliike Evälahti Oy

What Rakennusliike Evälahti Oy does

Rakennusliike Evälahti Oy is a Finnish, family-owned general contractor founded in 1950 and headquartered in Imatra, operating through a group structure that includes subsidiary Rakennusliike Evälahti Uusimaa Oy (established 2010 for the Helsinki metropolitan area), Evä-Kara Oy and Eva Properties Ltd. The company self-identifies as Finland's third oldest continuously family-owned construction firm and employs 90-120 people across the group. It delivers a full-spectrum construction offering organised into six service lines: residential construction (asuntorakentaminen), commercial and business-premises construction, public construction, renovation construction, industrial construction, and negotiated/KVR (design-build) turnkey contracts. Its distinctive technical approach is paikallavalutekniikka (cast-in-place concrete construction), which the company highlights for superior sound insulation and the ability to conceal building services compared with prefabricated methods.

The business model combines three revenue streams. First, fee-based professional services revenue from general contracting and subcontracting across residential, commercial, public and industrial projects, executed under competitive tenders, negotiated contracts, target-price contracts and KVR/design-build models. Second, own-production apartment revenue, with apartments built and sold or rented in Helsinki (Pasilan Postipuisto), Lappeenranta, Imatra and Joensuu at unit prices ranging from approximately €137,000 (Lappeenranta 2h, 62 m²) to €399,800 (Helsinki 4-5h, 103 m²). Third, real estate and investment income generated through the Evä-Kara and Eva Properties vehicles. Customers span Finnish municipalities (Espoo, Vantaa, Helsinki, Hyvinkää, Kauniainen, Nurmijärvi), institutional investors and pension insurers (Ilmarinen, A-Kruunu, Lappeenrannan Asuntopalvelu, LOAS), retail cooperatives (SOK/HOK-Elanto), housing foundations (M2-Kodit / Y-Säätiö, TA-Asumisoikeus), and local developers (Mitra Imatran Rakennuttaja). Go-to-market is direct, project-based sales to government, private enterprise and individual apartment buyers, with the group reporting a track record of more than 1,000 completed projects and over 5,000 apartments built across its 70+ year history.

Name

Rakennusliike Evälahti Oy

Legal name

Rakennusliike Evälahti Oy

Website

https://evalahti.com

Company type

Private

Founded year

1950

Operating status

Operating

Headcount range

51–100 employees

Short description

Rakennusliike Evälahti Oy is a Finnish family-owned general contractor founded in 1950, providing residential, commercial, public, industrial and renovation construction services across South Karelia and the Helsinki metropolitan area. It is Finland's third oldest continuously family-owned construction company.

Ownership category

akta.pro rank

Headquarters

HQ city

Imatra

HQ country

Finland

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Supply Chain, Operations, Infrastructure, Others

Revenue model

1. Construction contracting: General contracting and subcontracting services for residential, commercial, industrial and public construction projects. Executed through various contract forms including competitive bidding, negotiated contracts, target price contracts, and KVR (design-build) contracts.
2. Own apartment production: Development and construction of residential apartments for sale and rent. Company builds apartments in Helsinki (Pasilan Postipuisto), Imatra, Lappeenranta and Joensuu areas.
3. Real estate and investment operations: Property and investment business conducted through subsidiary companies (Evä-Kara Oy, Eva Properties Ltd) in South Karelia and Helsinki metropolitan area.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels4 records

Core offering

Rakennusliike Evälahti Oy is a Finnish construction contractor that delivers general contracting and design-build (KVR) services across residential, commercial, public-sector, industrial, and renovation construction, primarily using cast-in-place concrete (paikallavalutekniikka) as its structural method. The company also directly develops, sells, and rents apartments and commercial premises it builds in Helsinki, Lappeenranta, Imatra, and Joensuu, operating through its parent entity and subsidiary Evälahti Uusimaa Oy (covering the Helsinki metropolitan area).

Product overview

Rakennusliike Evälahti Oy is a Finnish construction company founded in 1950, operating as a family-owned business. The company offers a comprehensive portfolio of construction services divided into six main areas: Residential Construction (Asuntorakentaminen), Commercial and Business Premises Construction (Liike- ja toimitilarakentaminen), Public Construction (Julkinen rakentaminen), Renovation Construction (Korjausrakentaminen), Industrial Construction (Teollisuusrakentaminen), and Negotiated/KVR Contracts (Neuvottelu- ja KVR-urakat) for turnkey solutions. The company also sells and rents apartments (Asunnot) and commercial premises (Toimitilat) through its own production and via its subsidiary Evälahti Uusimaa. The product ecosystem is organized around core construction services supplemented by direct property offerings, with the Uusimaa subsidiary extending reach to the Helsinki metropolitan area.

Differentiator

Problem solved

Functional benefit

Products and services

• Asuntorakentaminen (Residential Construction) Construction of new residential buildings including apartments and row houses for sale or rent, serving customers in South Karelia and the Helsinki metropolitan area. The company has built over 5,000 apartments.
• Liike- ja toimitilarakentaminen (Commercial and Business Premises Construction) Construction of commercial and business premises including retail spaces, office buildings, and shopping centers. The company offers flexible contract models including lump-sum, target-price, and KVR contracts.
• Julkinen rakentaminen (Public Construction) Construction of public buildings including schools, daycare centers, hospitals, government offices, and theaters. The company has delivered dozens of public-sector projects over decades for clients such as Espoo City, Vantaa City, Helsinki City, and Nurmijärvi Municipality.
• Korjausrakentaminen (Renovation Construction) Renovation and modernization of existing buildings across residential, industrial, commercial, and public-sector segments, serving the Helsinki metropolitan area and South Karelia region.
• Teollisuusrakentaminen (Industrial Construction) Construction of industrial facilities and production plants, including experience managing projects in active production environments and completing complex industrial builds on schedule.
• Neuvottelu- ja KVR-urakat (Negotiated and KVR Contracts) Turnkey construction services where the company manages entire projects including design, construction, land acquisition, and financing, taking full responsibility for building projects as a complete solution under KVR (design-build) and negotiated contract models.
• Toimitilat (Commercial Premises for Sale/Rent) Commercial and business premises available for sale or rent in Imatra and Lappeenranta, including retail spaces and modern office facilities in strategically located areas.
• Asunnot (Apartments for Sale/Rent) New apartments for sale or rent in Helsinki (e.g., Pasilan Postipuisto Kirjekyyhky series), Lappeenranta (Joutsenpuisto), Imatra, and Joensuu. Units range from studios to family apartments, priced per unit (€137,000–€399,800), with taloyhtiölaina (housing company loan) financing up to 70% of apartment debt-free price.

Quantifiable outcome

• Over 5,000 apartments built over 70+ years of operation
• +2 more outcomes

Named customers15 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

Feature1 record

Partnerships

Nine partnerships are on record, tiered core, major and minor.

• Keskinäinen Eläkevakuutusyhtiö IlmarinencoreStrategic or Co-development PartnerMajor investor partner in multiple residential development projects in Helsinki Pasilan Postipuisto area. Projects include KOy Anna Sahlstenin katu 5 (35 apartments, 2025), KOy Metsäläntie 12a (54 apartments), and KOy Helsingin Rullakkokatu 1 (113 rental apartments). Ilmarinen is one of Finland's largest pension insurance companies.
• M2-Kodit (Y-Säätiö)majorStrategic or Co-development PartnerPartner in Helsinki Pasilan Postipuisto development project. M2-Kodit provides affordable housing solutions and is owned by Y-Säätiö.
• TA-Asumisoikeus OymajorStrategic or Co-development PartnerPartner in Helsinki Pasilan Postipuisto housing development. TA-Asumisoikeus provides right-of-occupancy housing solutions.
• Suomen Asuntokehitys OymajorStrategic or Co-development PartnerPartner in the joint competition-winning proposal for Pohjoisen Postipuisto residential area development in Helsinki.
• Jatke OyminorStrategic or Co-development PartnerJoint venture partner in As Oy Lappeenrannan City project (2017), approximately 6,500 kem2 mixed commercial and residential building.
• Espoon kaupunkicoreOthersMajor public sector client for daycare centers, schools, and other municipal buildings. Multiple completed projects including Aarrekartan päiväkoti, Vermon päiväkoti, Suviniityn päiväkoti, and others.
• Vantaan kaupunkicoreOthersMajor public sector client for daycare centers, schools, and municipal facilities including Hevoshaka päiväkoti and Kartanonkosken urheilupuiston huoltorakennus.
• SOK / S-Bank KiinteistötmajorOthersLong-term client for commercial construction including S-Market stores and Holiday Club Vierumäki spa expansion. Major Finnish retail cooperative group.
• Mitra Imatran RakennuttajacoreStrategic or Co-development PartnerLong-term development partner in Imatra area. Multiple residential and commercial projects including Imatran Kylpylä development, Volttikujan palvelutalo, and various other projects.

Scale indicators6 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• YIT Oyj: Finland's largest construction company with housing, business premises and infrastructure segments. Directly comparable as a general contractor and residential developer active in the same Helsinki and South Finland markets, though operating at materially larger scale and listed.
• NCC Suomi Oy: Nordic construction group with significant Finnish operations in residential and commercial building. Comparable in service offering and Helsinki activity, though operating as a subsidiary of a much larger Swedish-listed group.
• Skanska Oy: Finland arm of Skanska, one of the Nordics' largest construction groups. Comparable across residential, commercial and public construction tenders in the Helsinki metro and broader Finland.
• SRV Yhtiöt Oyj: Finnish project developer and contractor active in residential, commercial and public construction with strong Helsinki metro presence. Comparable for project development, KVR contracts and own apartment production, though much larger scale.
• Peab Oy: Nordic construction group with Finnish operations across residential, commercial and civil projects. Comparable for project-based contracts in residential and public segments in Finland.

Direct peers

• Jatke Oy: Finnish residential and commercial contractor named as Evälahti's JV partner on As Oy Lappeenrannan City. Directly comparable in size, regional footprint in South Karelia, and service mix.
• Consti Talonrakennus Oy: Finnish specialty contractor focused on renovation, refurbishment and building改造. Comparable on Evälahti's korjausrakentaminen (renovation) service line and Helsinki activity.
• Hartela Oy: Finnish family-influenced general contractor doing residential, commercial and public construction. Closely comparable in size, ownership profile (private, founder-influenced), regional focus and service mix to Evälahti.
• Lujatalo Oy: Finnish family-owned general contractor doing residential, commercial, industrial and public construction. Closely comparable to Evälahti in family ownership, regional general contractor business model and multi-sector service mix.
• Bonava Oy: Nordic residential developer building and selling own apartment projects in Finland. Comparable for the development-and-sale of own apartments in Helsinki and other growth centers, though operates at larger scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/pasilanpostipuisto.kirjekyyhky

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Rakennusliike Evälahti Oy