SSA Rakennus

What SSA Rakennus does

SSA Rakennus Oy is a Finnish construction company founded in 2013, headquartered in Vantaa, that builds residential apartments, care homes, and commercial properties across Finland. The company operates three core service lines: housing construction (asuntorakentaminen) sold direct to consumers via the SSA Kodit brand; care home construction (palvelukodit) delivered as KVR (design-build) contracts for elderly care operators including Solum/Nrep, Huhtihovi, Attendo, and Plus Hoivakodit; and commercial construction, which was incorporated as a separate subsidiary (SSA Toimitilat Oy) in June 2024 to allow the parent to refocus on residential and care home segments. Revenue is project-based via fixed-price contracts, with FY2025 revenue of €97M and approximately 55 employees across offices in Vantaa, Kuopio, and Oulu.

The company's core technology centres on prefabricated modular construction, anchored by the in-house SSA Pala bathroom module line manufactured at its own Vantaa factory (opened December 2023), and the Qiva construction concept — pillar-based buildings with no load-bearing walls that allow apartments to be reconfigured over time, with factory-integrated bathroom modules. SSA also pursues BIM-based design and project management (led by a dedicated BIM manager) and has partnered since 2018 with Builderhead on construction management software, serving as Builderhead's single most significant development contributor. Qiva Haaga, a flagship residential development in Helsinki, is targeted for BREEAM New Construction Very Good certification.

SSA's go-to-market is sales-led and operates in two parallel motions: direct-to-consumer home sales through SSA's own sales team and pre-marketing reservation lists (ennakkovaraaja), and enterprise field sales to institutional clients via direct outreach, tendering, and established relationships. Care home and commercial projects typically use fixed-price KVR or prime contractor contracts. The company is a core operating subsidiary of SSA Group, a privately held Finnish conglomerate, with no external institutional investors identified. Wholly owned subsidiaries include SSA Works (employment services) and SSA Toimitilat Oy (commercial construction, spun off June 2024).

Name

SSA Rakennus

Legal name

SSA Rakennus Oy

Website

https://ssa.fi

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

51–100 employees

Short description

SSA Rakennus Oy is a Finnish construction company (founded 2013, €97M FY2025 revenue) that builds residential apartments, care homes, and commercial properties across Finland, primarily as a KVR/prime contractor for institutional clients and via direct sales to home buyers under the SSA Kodit brand.

Ownership category

akta.pro rank

Product category

Construction Services

NAICS

New Housing For-Sale Builders (236117), New Multifamily Housing Construction (except For-Sale Builders) (236116)

SIC

Operative Builders (1531), General Bldg Contractors - Nonresidential Bldgs (1540)

akta.pro primary industry

Senior Living & Assisted Living Facility Construction (IMAFACAJ)

Keywords

• Residential construction
• Care home construction
• Modular construction
• Commercial construction
• Prefabricated housing

Headquarters

HQ city

Kuopio

HQ country

Finland

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Supply Chain, Operations, Infrastructure, Marketing or Sales, Others

Revenue model

1. Residential construction (direct sales): SSA builds and sells new apartments and terraced houses directly to individual buyers (end consumers). Revenue from fixed-price sales of completed or pre-sold homes. Major projects include Qiva Haaga (Helsinki), Kivistön Siluetti (Vantaa), Olarin Aurinko (Espoo), Levi Loude (Kittilä), and others.
2. Prime contractor and KVR contractor (institutional clients): SSA acts as main/prime contractor or KVR (design-build) contractor for institutional clients including care home operators (Solum, Huhtihovi, Attendo, Plus Hoivakodit), housing companies (Espoon Asunnot, Ovaro Development, Suomen Kaupunkikodit ARA Oy), and commercial developers (Kesko, Tokmanni, Dachser). Fixed-price construction contracts. Represents the primary revenue driver for the company.
3. Commercial construction (SSA Toimitilat): SSA Toimitilat Oy (separate legal entity, Y-tunnus 2582318-5) handles commercial construction including retail (K-Citymarket, Tokmanni, shopping centers), logistics (Dachser), and other commercial properties. As of June 2024, SSA Toimitilat was incorporated as a separate subsidiary as SSA Rakennus refocused on residential.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

SSA Rakennus is a Finnish construction company that designs, manufactures, and builds residential apartment buildings, terraced houses, care/service homes for the elderly, and commercial/logistics properties. The company uses proprietary modular construction methods including the SSA Pala bathroom module and the Qiva adaptable pillar-based building concept, and operates an in-house module factory. It serves both individual home buyers (via SSA Kodit) and institutional clients such as care operators and commercial developers (via SSA Toimitilat).

Product overview

SSA Rakennus is a Finnish construction company founded in 2013 that builds homes and care facilities across Finland. The company's product portfolio centers on three core service areas: housing construction (asuntorakentaminen), care home construction (palvelukodit), and commercial space construction (SSA Toimitilat), supported by project development services (hankekehitys). The company differentiates through several construction concepts: the innovative Qiva-konsepti using prefabricated components for adaptable buildings, the SSA Pala bathroom module product line manufactured in their own Vantaa factory, modular construction capabilities, a terraced house concept delivering 40% faster build times, and concrete-structured apartment buildings. The VALO Hotel/Work concept represents a unique hybrid hotel-office product. Recent projects like Qiva Haaga showcase the Qiva concept with adaptable apartments targeting BREEAM certification.

Differentiator

Problem solved

Functional benefit

Brands

• SSA Qiva: A construction model using prefabricated components offering unprecedented adaptability and convertible interior walls for residential buildings.
• SSA Pala
• SSA Toimitilat
• Qiva Haaga

Products and services

• Asuntorakentaminen (SSA Kodit) — Residential Housing Construction Turnkey construction and sale of new-build apartments, terraced houses, and detached homes for individual home buyers and investors, delivered under the SSA Kodit brand across Finnish growth regions.
• Palvelukodit — Care Home Construction Turnkey KVR and prime-contractor construction of round-the-clock elderly care, assisted living, and service housing facilities for private care operators, real estate investors, and municipalities in Finland.
• SSA Toimitilat — Commercial Property Construction Turnkey construction of retail, office, warehouse, and logistics properties for commercial real estate developers, retailers, and logistics operators, delivered through the SSA Toimitilat subsidiary.
• Hankekehitys — Project Development End-to-end project development service covering land acquisition, feasibility analysis, zoning, and early-stage planning of residential, care-home, and commercial developments prior to construction.

Quantifiable outcome

• Terraced house construction up to 40% faster without compromising quality
• +3 more outcomes

Named customers13 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

Feature4 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• LogicenterscoreStrategic or Co-development Partner · 15 February 2024SSA and Logicenters are co-developing the Dachser Pirkkala logistics centre near Tampere-Pirkkala airport. Logicenters has leased approx. 21,800 m² of land from Finavia for the development. The 5,113.5 m² logistics facility is BREEAM-certified and includes geothermal heating and solar panels. SSA is the main contractor. The cornerstone ceremony was held 25 March 2024.
• Avarrus ArkkitehditcoreImplementation/ SI/ Consulting Partner · 1 January 2024Avarrus Arkkitehdit is the architectural firm responsible for the Qiva Haaga development in Etelä-Haaga, Helsinki. Lead architects are Niilo Ikonen and Pauli Siponen. The project involves three new apartment buildings, renovation of a historic primary school (Villa Stenius), and comprehensive urban planning within Helsinki's 'Developing Apartment Buildings' programme.
• Lujabetoni OyminorStrategic or Co-development Partner · 18 December 2023Lujabetoni Oy designs and supplies concrete elements for SSA's residential projects. In the Kerava project (Laurintie), Lujabetoni supplies Luja-Superlaatta floor slabs with integrated SSA Pala bathroom modules factory-installed. Partnership reduces construction time and carbon footprint.
• Kesko (K-Citymarket)coreStrategic or Co-development Partner · 12 September 2023SSA and Kesko are co-developing the Kivistö project — a major mixed-use development including a new K-Citymarket (>7,000 m², Vantaa's fifth) alongside a 9-story residential tower. The project scope (including the shopping centre and residential tower) totals 40,000 gross m². SSA is responsible for constructing both the commercial and residential components. Other partners in the residential tower include Solum (care home), Spot Apartments (serviced apartments), Yrjö ja Hanna Kodit (right-of-occupancy housing), and SSA as developer. The cornerstone ceremony was held 15 February 2024.
• TokmannicoreChannel Partner/ Reseller/ Distributor · 14 June 2023SSA builds new Tokmanni retail stores for Tokmanni and its real estate company. Projects include stores in Pälkäneetie 12, Pälkäne (approx. 2,700 m², started 2023), Söderkullassa, and Leppävirta (completed 2021). SSA is responsible for project development and construction. Fast-track timelines typical — Pälkäne store built in approximately 6 months for Christmas 2023 opening.
• Teräselementti OyminorStrategic or Co-development Partner · 20 December 2022Teräselementti Oy serves as the steel frame contractor for the Kotkan Tähti shopping centre project (approx. 28,000 m²) in Kotka. The project is being implemented as a steel frame structure. SSA Rakennus is the main/prime contractor. The steel frame solution was chosen as the best option for the project's scale and complexity.
• Neco Elements OyminorStrategic or Co-development Partner · 1 January 2021Neco Elements Oy supplies roof elements for SSA's residential projects. Used in the Kerava project (Laurintie) for roof construction. Partnership contributes to faster construction and quality control.
• BuilderheadcoreTechnology or Integration · 1 January 2018SSA has partnered with construction software developer Builderhead since 2018, from the company's founding. Together they are developing software to manage the entire project pipeline from project conception through warranty repairs. SSA has been the single most significant individual company in Builderhead's product development, providing extensive input into the software's functional design and requirements. SSA CEO Jorma Kilpeläinen was one of Builderhead's first contacts when founding the company.

Scale indicators3 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• YIT Oyj: YIT is the largest Finnish residential and commercial construction company, building apartments, care homes, and mixed-use developments across the Nordics and Baltics. Highly comparable to SSA Rakennus in product mix (housing, care homes, commercial) and Finnish geographic focus, though at substantially larger scale.
• Hartela Oy: Hartela is a Finnish residential construction company that builds and develops apartments and terraced houses, primarily in growth centers including Helsinki, Tampere, and Oulu. Closely comparable to SSA Rakennus in for-sale housing construction model and target buyer segment.
• Bonava AB: Bonava is a Stockholm-listed Nordic residential developer building homes in Finland, Sweden, Germany, and the Baltics. Highly comparable to SSA in residential for-sale apartment focus and Nordic operating geography, though larger and more geographically diversified.
• Consti Oyj: Consti is a Finnish renovation and construction services company operating in residential, commercial, and public-sector projects across Finland. Comparable to SSA in Finnish operating footprint and institutional client base, though more focused on renovation than new build.
• SRV Yhtiöt Oyj: SRV is a Finnish construction and project development company focused on residential, commercial, and public-sector construction, with significant activity in the Greater Helsinki area. Comparable to SSA in its project-based contracting model, mixed residential/institutional pipeline, and Finnish operating footprint.

Regional players

• JM AB: JM is a Swedish residential developer focused on new-build apartments and homes in Stockholm, Gothenburg, and other Swedish growth markets. Comparable to SSA in pure-play for-sale residential development model, though primarily active in Sweden rather than Finland.

Broad incumbents

• Skanska AB: Skanska is a global construction and project development firm with deep Nordic roots, building residential, commercial, and civil infrastructure. Comparable to SSA in Nordic residential construction and sustainability positioning, but vastly larger and operating globally.
• Peab AB: Peab is one of Sweden's largest construction companies, with operations spanning residential, commercial, and civil construction across the Nordics. Comparable to SSA in Nordic residential and care/ commercial construction activities, but at significantly larger scale and broader product portfolio.
• NCC AB: NCC is one of the largest Nordic construction and property development companies, building residential, commercial, and infrastructure projects across Sweden, Norway, Denmark, and Finland. Comparable to SSA in Nordic residential and care/commercial construction, but at substantially larger scale and broader geographic footprint.
• Veidekke ASA: Veidekke is a major Nordic construction and civil engineering contractor with residential and commercial operations across Norway, Sweden, and Denmark. Comparable to SSA in Nordic residential construction and project development model, though operating in different Nordic geographies.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/SSARakennusOy
• LinkedInlinkedin.com/company/ssa-rakennus
• Instagraminstagram.com/rakennusliike_ssa

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries2 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 SSA Rakennus