KH Group

What KH Group does

KH Group Oyj (KH Group Plc) is a Finnish public limited company listed on Nasdaq Helsinki and headquartered in Helsinki, operating as a Nordic industrial conglomerate built around two wholly-owned business areas: KH-Koneet Group, the leading Nordic supplier of construction and earth-moving machinery, offering sales, rentals, accessories, and maintenance services for construction, property maintenance, and material handling operations under represented brands including Kobelco, Kramer, Wacker Neuson, and Yanmar; and Nordic Rescue Group, the leading Nordic rescue vehicle manufacturer, operating under the Saurus brand in Finland and the Sala Brand in Sweden. The company traces its corporate history to 2011, when Scanfil Oyj was renamed Sievi Capital Oyj following a demerger; KH-Koneet was added in 2017 and Nordic Rescue Group in 2020, with the group formally pivoting from an investment-company model to an operational holding-company model in 2022 and rebranding to KH Group Oyj in 2025.

The business model is sales-led and direct, with revenue generated primarily through one-time equipment sales and rentals at KH-Koneet and one-time rescue vehicle sales at Nordic Rescue Group, supplemented by accessories, parts, and maintenance services. The group serves three primary customer verticals: construction and earth-moving contractors, property and facility management operators, and public-sector rescue and emergency services across Finland and Sweden. Consolidated revenue reached €204.5M for the 2024/2025 fiscal year (KH-Koneet €149.8M; Nordic Rescue Group €44.2M), with comparable operating profit of €6.4M, reflecting the relatively low-margin profile typical of equipment distribution and specialty vehicle manufacturing. Group leadership was substantially renewed in 2025–2026, with Carl Haglund appointed Group CEO in September 2025, Pekka Raatikainen appointed Interim CFO in June 2026, and Tuomas Myllynen appointed CEO of KH-Koneet effective August 2026.

KH Group distributes investor communications through a dedicated IR portal, financial reports, press releases via Nasdaq Helsinki, and email newsletters, and operates with a small corporate headcount (11–50 employees) consistent with a lean holding-company structure over two operating subsidiaries. Corporate messaging indicates ongoing active development of both business areas alongside a stated intent to divest non-earth-moving equipment operations at the value-creation optimum, signaling selective portfolio reshaping rather than purely organic expansion.

Name

KH Group

Legal name

KH Group Oyj

Website

https://khgroup.com

Company type

Public

Founded year

2011

Operating status

Operating

Headcount range

11–50 employees

Short description

KH Group is a Finnish publicly listed holding company operating two Nordic business areas: KH-Koneet, the leading Nordic distributor and renter of construction and earth-moving equipment for Kobelco, Kramer, Wacker Neuson, and Yanmar; and Nordic Rescue Group, the leading Nordic rescue vehicle manufacturer under the Saurus (Finland) and Sala Brand (Sweden) names.

Ownership category

akta.pro rank

Headquarters

HQ city

Helsinki

HQ country

Finland

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Equipment Sales and Rentals: KH-Koneet sells and rents construction and earth-moving machinery, equipment, accessories, and services for construction, property maintenance, and material handling needs. Brands represented include Kobelco, Kramer, Wacker Neuson, and Yanmar.
2. Rescue Vehicle Manufacturing and Sales: Nordic Rescue Group manufactures and sells rescue vehicles under the Saurus brand in Finland and Sala Brand in Sweden.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

KH Group is a Nordic conglomerate with two business areas. KH-Koneet sells and rents construction and earth-moving machinery, accessories, and related services to construction, property maintenance, and material handling customers, representing brands such as Kobelco, Kramer, Wacker Neuson, and Yanmar. Nordic Rescue Group manufactures and sells rescue vehicles under the Saurus brand in Finland and the Sala Brand in Sweden. The company's shares are listed on Nasdaq Helsinki.

Product overview

KH Group is a Nordic conglomerate with two distinct business areas operating as separate divisions: KH-Koneet (construction and earth-moving machinery sales and rental) and Nordic Rescue Group (rescue vehicle manufacturing under Saurus and Sala Brand brands). The company supports sustainable construction and maintains society's critical functions through these two complementary business areas. KH Group's share is listed on Nasdaq Helsinki.

Differentiator

Problem solved

Functional benefit

Brands

• Saurus: Finnish brand of Nordic Rescue Group, manufacturing rescue vehicles
• Sala Brand

Products and services

• KH-Koneet Leading Nordic supplier of construction and earth-moving machinery, offering sales and rental of equipment, accessories, and services for earth-moving, property maintenance, and material handling. KH-Koneet represents brands including Kobelco, Kramer, Wacker Neuson, and Yanmar in the Nordic market and targets construction companies, contractors, property maintenance firms, and material handling operators.
• Nordic Rescue Group (Saurus and Sala Brand) Nordic region's leading rescue vehicle manufacturer, producing rescue vehicles under the Saurus brand in Finland and the Sala Brand in Sweden, sold directly to fire departments and rescue services.

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered core.

• KobelcocoreChannel Partner/ Reseller/ DistributorKH-Koneet represents Kobelco as a distributor of construction and earth-moving equipment in the Nordic market. Kobelco is one of the equipment brands sold and rented through KH-Koneet's operations.
• KramercoreChannel Partner/ Reseller/ DistributorKH-Koneet represents Kramer as a distributor of construction and earth-moving equipment in the Nordic market. Kramer is one of the equipment brands sold and rented through KH-Koneet's operations.
• Wacker NeusoncoreChannel Partner/ Reseller/ DistributorKH-Koneet represents Wacker Neuson as a distributor of construction and earth-moving equipment in the Nordic market. Wacker Neuson is one of the equipment brands sold and rented through KH-Koneet's operations.
• YanmarcoreChannel Partner/ Reseller/ DistributorKH-Koneet represents Yanmar as a distributor of construction and earth-moving equipment in the Nordic market. Yanmar is one of the equipment brands sold and rented through KH-Koneet's operations.

Scale indicators4 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• REV Group: US-based specialty vehicle manufacturer whose portfolio includes emergency response vehicles (E-ONE, KME, Ferrara), directly comparable to Nordic Rescue Group's manufacturing model, customer base (fire departments, emergency services) and public-sector procurement dynamics.
• Ramirent: Historical Nordic-anchored equipment rental company with operations concentrated in Finland and Sweden, overlapping almost identically with KH-Koneet's geographic and product focus; now integrated into Boels Rental but remains a relevant comparable for Nordic rental economics.
• Rosenbauer International: Global market leader in fire and rescue vehicles, directly comparable to Nordic Rescue Group's Saurus and Sala Brand operations; provides the primary public benchmark for rescue vehicle manufacturing economics, margins and public-sector procurement exposure.
• Cramo (now Boels Rental): One of Europe's leading equipment rental companies with a strong Nordic footprint, directly comparable to KH-Koneet's rental business across construction and earth-moving equipment. Notably, KH-Koneet's incoming CEO Tuomas Myllynen joins from Cramo Finland, underscoring the operational comparability.
• Boels Rental: Pan-European equipment rental leader that acquired Cramo (including its Nordic platform), making it the most direct comparable to KH-Koneet's combined rental and dealer model in the Nordic construction equipment market.
• Magirus (CNH Industrial / Iveco): European rescue and fire-fighting vehicle manufacturer with deep European municipal and public-sector customer base; directly comparable to Nordic Rescue Group's Saurus and Sala Brand operations and provides a relevant benchmark for European rescue vehicle economics.

Broad incumbents

• Loxam: Largest equipment rental provider in Europe with a multi-country footprint, comparable as a broad incumbent to KH-Koneet's Nordic dealer/rental model in terms of end-market exposure and supplier relationships.
• United Rentals: Largest equipment rental company in the world; serves as the most relevant broad incumbent benchmark for valuation, fleet economics and recurring-rental revenue dynamics applicable to KH-Koneet's growing rental book.
• Ashtead Group (Sunbelt Rentals): One of the largest equipment rental operators globally (Sunbelt Rentals in North America, Ashtead in the UK); comparable as a broad incumbent in construction equipment rental, useful for capital intensity, fleet utilization and rental-mix economics benchmarking.

Emerging players

• Ziegler (Albert Ziegler GmbH): German firefighting and rescue vehicle specialist with a focus on European municipal markets, comparable to Nordic Rescue Group as a regional/specialty rescue vehicle manufacturer competing for similar European public-sector procurement contracts.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/sievi-capital-oyj

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries2 records

Funding overview

Funding rounds1 record

Investors

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

M&A3 records

Investments2 records

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

Frequently asked questions about KH Group