Partnera
Foamit Oyj (formerly Partnera) produces foam glass aggregate from recycled glass at plants in Finland, Sweden and Norway, selling lightweight structural fill and insulation to Nordic public-sector transport infrastructure and construction customers.
- Company typePublic
- Founded2014
- HeadquartersOulu, Finland
- Headcount51–100
- GTM typeB2B
- OfferingHardware or Manufacturing
What Partnera does
Partnera, renamed Foamit Oyj on 1 October 2025 and now trading under the FOAMIT ticker on Nasdaq First North Growth Market Finland, is an industrial company focused on the production and sale of foam glass aggregate. The company consolidated 100% ownership of Foamit Group Oy in June 2025 and now operates production in Forssa and Vantaa in Finland, Hasopor in Sweden, and Glasopor at Onsøy in Norway, with headquarters in Oulu. Its core technology uses recycled glass — supplied internally via the Uusioaines Oy recycling subsidiary — as feedstock for foam glass that serves as lightweight structural fill and insulation in transport infrastructure, building foundations, and water management applications.
The business sells primarily to Nordic public-sector infrastructure customers, with project references including Trafikverket and Göteborgs Stad in Sweden, Statens Vegvesen in Norway, and the Tampere tram project in Finland, complemented by a smaller hardware-retail channel for small-fraction foam glass products. Revenue in FY2025 was EUR 39.7M with EBITDA of EUR 5.9M (14.9% margin), an order book of EUR 23.8M (+28% YoY), and a tender book of ~952,000 cubic meters (+21% YoY). Capacity was expanded via an approximately EUR 10M Onsøy investment in 2025 and EUR 2.2M in Forssa for early 2026, and the company has signed a Letter of Intent with Reiling GmbH to acquire the Veriso foam glass subsidiary in Germany.
The company is controlled by the City of Oulu (~47.15%) and Arvo Invest Nordic Oy (~10.19%), with a strengthened equity ratio of 69.8% supporting further organic and inorganic expansion. Its stated strategic target is EUR 100M in revenue and an EBITDA margin above 20% by 2028. Sustainability credentials include EcoVadis Gold (2024) and Silver (2023) ratings, reinforcing positioning as a circular-economy infrastructure input.
Partnera firmographics
Firmographics- Name
- Partnera
- Legal name
- Foamit Oyj
- Website
- https://partnera.fi
- Company type
- Public
- Founded year
- 2014
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Foamit Oyj (formerly Partnera) produces foam glass aggregate from recycled glass at plants in Finland, Sweden and Norway, selling lightweight structural fill and insulation to Nordic public-sector transport infrastructure and construction customers.
- Ownership category
- akta.pro rank
Partnera industry classification
Industry- Product category
- Lightweight Construction Materials (Foam Glass)
- NAICS
- Urethane and Other Foam Product (except Polystyrene) Manufacturing (326150)
- SIC
- Plastics Foam Products (3086)
- akta.pro primary industry
- Foam Conversion & Fabrication (Cutting, Laminating, CNC, Packaging Inserts) (IMANAIAJ)
- akta.pro secondary industry
- Foam Protective Packaging (EPS/EPE/EPP, PU, Molded Foam) (IMALAFAA)
Keywords
Where Partnera is headquartered
LocationHeadquarters
- HQ city
- Oulu
- HQ country
- Finland
- HQ region
- Europe
Offices4 records
Markets served
Partnera business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Operations, Personnel, Technology or R&D, Infrastructure, Marketing or Sales
Revenue model
- Foam Glass Sales: Sale of foam glass products for infrastructure and building construction as lightweight and insulating material
- Glass Recycling Services: Collection and processing of recycled glass for packaging industry and other uses
- Blown Foam Glass Solutions: Sales of blown foam glass solutions with expanded installation and transport capacity
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Multi-year contract | Project-based pricing for infrastructure construction |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels4 records
Partnera product offering
Product offeringCore offering
Foamit Oyj manufactures foam glass (vaahtolasi), a 100% recycled lightweight and insulation material produced from glass recycling side streams, and supplies it to infrastructure and building construction projects across the Nordics. The group also operates glass recycling services that receive and process end-of-life glass for reuse in packaging and other industries, through subsidiaries in Finland, Sweden, and Norway.
Product overview
Partnera (now Foamit Oyj) is a Nordic circular economy industrial group focused on two main business areas: foam glass manufacturing and glass recycling. The Foamit Group subsidiary operates manufacturing plants in Finland (Uusioaines Oy), Sweden (Hasopor AB), and Norway (Glasopor AS) to produce foam glass from recycled glass cullet. Foam glass serves as lightweight and insulation material for infrastructure and building construction applications. The company also operates glass recycling collection and processing services. The product portfolio includes foam glass in various fractions for different construction applications, from large infrastructure projects to smaller building applications.
Differentiator
Problem solved
Functional benefit
Products and services
- Foam Glass (Vaahtolasi)
- Glass Recycling Services
Quantifiable outcome
- CO2 emissions reduced by approximately 60% for foam glass produced at Onsøy using fossil-free electricity
- +2 more outcomes
Companies that use Partnera
Customer profileNamed customers7 records
Segments6 records
Ideal customer profiles5 records
Partnera technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Partnera partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Reiling GmbH & Co. KGmajorLetter of intent signed for negotiating majority stake acquisition in German circular economy company's foam glass subsidiary Veriso GmbH & Co. KG. Veriso operates two foam glass factories in Germany with plans for a new foam glass factory construction in Germany. Represents potential entry into Central European markets.
Scale indicators15 records
Recent moves9 records
Expansion highlights5 records
Partnera competitors and assessment
Company assessmentBroad incumbents
- Saint-Gobain: French multinational building materials group with extensive insulation, glass, and construction products portfolio that overlaps with Foamit's construction and lightweight fill applications across European markets.
- Rockwool International: Danish manufacturer of mineral wool insulation and stone wool products for building and infrastructure, competing in many of the same insulation and lightweight construction specification battles as foam glass.
- Kingspan Group: Irish global manufacturer of high-performance insulation and building envelope solutions, increasingly active in lower-carbon construction products overlapping with Foamit's specification battles in green construction.
- Owens Corning: Global building materials incumbent whose Foamglas cellular glass insulation business directly overlaps with Foamit's cellular/foam glass product, while the broader portfolio (insulation, roofing, composites) competes across Foamit's end markets.
- Holcim Ltd: Swiss global building materials and aggregates producer; competes with Foamit through lightweight aggregate (expanded clay/Leca) and concrete offerings used in infrastructure fill and construction applications.
- CRH plc: Irish-led global building materials group; competes with Foamit through aggregates, concrete and foundation products used in the same Nordic and European infrastructure and construction project pipeline.
- Knauf Insulation: German-based global insulation producer offering mineral wool and other insulation products that compete with foam glass in building envelope and infrastructure applications across European markets.
Emerging players
- Glavel Inc. US-based producer of foam glass aggregate from recycled glass, targeting lightweight fill and insulation applications. Overlaps with Foamit's recycled-glass-to-foam-glass model but operating in North America, providing a useful cross-regional comparable.
Direct peers
- Misapor AG: Swiss manufacturer of foam glass aggregate (Misapor) made from recycled glass for lightweight fill in road, rail and building construction. Most direct European competitor to Foamit Oyj in cellular/foam glass aggregate for infrastructure.
- PPS GmbH (Technopor cellular glass): Producer of cellular glass insulation products (Technopor) for construction and industrial applications, providing another European direct competitor in the cellular/foam glass category where Foamit operates.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Partnera financial estimates
Financial estimateRevenue estimate
Valuation estimate
Partnera leadership team
Management profileNumber of profiles
Profiles2 records
Partnera subsidiaries and ownership
Company hierarchySubsidiaries4 records
Partnera funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Partnera M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Partnera
What does Partnera do?
Foamit Oyj manufactures foam glass (vaahtolasi), a 100% recycled lightweight and insulation material produced from glass recycling side streams, and supplies it to infrastructure and building construction projects across the Nordics. The group also operates glass recycling services that receive and process end-of-life glass for reuse in packaging and other industries, through subsidiaries in Finland, Sweden, and Norway.
Is Partnera a public or private company?
Partnera is a public company. It is classified as public and is currently operating.
When was Partnera founded?
Partnera was founded in 2014. It employs 51 to 100 people.
Where is Partnera based?
Partnera is headquartered in Oulu, Finland, in the Europe region.
How does Partnera make money?
Three revenue lines are on record. Foam Glass Sales are the primary driver. The others are glass Recycling Services and blown Foam Glass Solutions.
Who are Partnera's main competitors?
Broad incumbents on record are Saint-Gobain, Rockwool International, Kingspan Group, Owens Corning, Holcim Ltd, CRH plc and Knauf Insulation. Glavel Inc. is listed as an emerging player. Direct peers are Misapor AG and PPS GmbH (Technopor cellular glass).
Does Partnera have an API?
No public API is recorded for Partnera.
What industry is Partnera in?
Partnera's product category is Lightweight Construction Materials (Foam Glass). Its primary akta.pro industry code is IMANAIAJ, Foam Conversion & Fabrication (Cutting, Laminating, CNC, Packaging Inserts), with a secondary code of IMALAFAA, Foam Protective Packaging (EPS/EPE/EPP, PU, Molded Foam). Its NAICS code is 326150 and its SIC code is 3086.