KH Group
KH Group Oyj is a publicly listed Finnish conglomerate operating KH-Koneet, the Nordic region's leading construction and earth-moving machinery distributor and rental provider, and Nordic Rescue Group, the Nordic region's leading rescue vehicle manufacturer under the Saurus and Sala Brand names.
- Company typePublic
- Founded2011
- HeadquartersHelsinki, Finland
- Headcount1–10
- GTM typeB2B
- OfferingHardware or Manufacturing
What KH Group does
KH Group Oyj is a publicly listed Finnish industrial conglomerate (Nasdaq Helsinki) headquartered in Helsinki, operating across Finland and Sweden through two business segments. KH-Koneet is the Nordic region's leading supplier of construction and earth-moving machinery, distributing and renting equipment from international OEMs including Kobelco, Kramer, Wacker Neuson, and Yanmar to construction firms, earth-moving contractors, property maintenance companies, and material handling operators. Nordic Rescue Group designs and manufactures specialized rescue vehicles under the Saurus brand in Finland and the Sala Brand in Sweden, selling directly to firefighting and emergency services organizations. The group generated EUR 204.5 million in net sales in FY2024, split between KH-Koneet (EUR 149.8 million) and Nordic Rescue Group (EUR 44.2 million), with comparable operating profit of EUR 6.4 million, implying a hardware-and-distribution revenue mix with thin operating margins.
The group was formed via a strategic transformation beginning in 2022, when former Sievi Capital Oyj rebranded to KH Group and consolidated its operating subsidiaries: KH-Koneet Group Oy (acquired 2017) and Nordic Rescue Group Oy (acquired 2020). In 2025, KH Group completed the sale of its majority stake in Indoor Group for a EUR 26 million enterprise valuation, crystallizing a EUR 3.3 million loss and reducing the group to two focused business areas. The company signs financing agreements (EUR 33.5 million signed in November 2025), is audited by Ernst & Young Oy, and engages in B2B direct sales and rental operations across the Nordic region with go-to-market executed through its own commercial teams rather than third-party channels.
Revenue mechanics combine one-time equipment sales, recurring rental income, and capital-equipment sales of rescue vehicles; pricing is quote-based and not publicly disclosed. The customer base is split horizontally across construction industry end-users and public-sector rescue services, with no named end-customer concentration disclosed. Following the Indoor Group exit and leadership refresh — including a new CEO (Carl Haglund, effective September 2025) and interim CFO (Pekka Raatikainen, from June 2026) — the group is positioned as a focused Nordic industrial roll-up with stated intent to time future exits of non-core construction-equipment exposures for value optimization.
KH Group firmographics
Firmographics- Name
- KH Group
- Legal name
- KH Group Oyj
- Website
- https://khgroup.com
- Company type
- Public
- Founded year
- 2011
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- KH Group Oyj is a publicly listed Finnish conglomerate operating KH-Koneet, the Nordic region's leading construction and earth-moving machinery distributor and rental provider, and Nordic Rescue Group, the Nordic region's leading rescue vehicle manufacturer under the Saurus and Sala Brand names.
- Ownership category
- akta.pro rank
Where KH Group is headquartered
LocationHeadquarters
- HQ city
- Helsinki
- HQ country
- Finland
- HQ region
- Europe
Offices1 record
Markets served
KH Group business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Operations, Personnel, Marketing or Sales, Infrastructure
Revenue model
- Equipment Sales and Rental – KH-Koneet: KH-Koneet generates revenue through the sale and rental of construction and earth-moving machinery, accessories, and related services. Brands represented include Kobelco, Kramer, Wacker Neuson, and Yanmar. Revenue was EUR 149.8 million in 2024.
- Rescue Vehicle Manufacturing – Nordic Rescue Group: Nordic Rescue Group manufactures and sells rescue vehicles under the Saurus brand in Finland and Sala Brand in Sweden. Revenue was EUR 44.2 million in 2024.
- Financing Arrangements: KH Group signed financing agreements totaling EUR 33.5 million as part of its 2026 financial arrangements.
Go-to-market motion1 record
Distribution channels2 records
Marketing channels4 records
KH Group product offering
Product offeringCore offering
KH Group Oyj is a Nordic conglomerate operating two business areas: KH-Koneet sells and rents construction and earth-moving machinery, accessories, and services (representing brands such as Kobelco, Kramer, Wacker Neuson, and Yanmar) for earth-moving, property maintenance, and materials handling; Nordic Rescue Group manufactures rescue vehicles under the Saurus brand in Finland and the Sala Brand in Sweden. The group supports sustainable construction and maintains critical emergency-response functions across the Nordic region.
Product overview
KH Group Oyj is a Nordic conglomerate with two distinct business areas operating as separate divisions: KH-Koneet (construction and earth-moving machinery sales and rentals) and Nordic Rescue Group (rescue vehicle manufacturing as Saurus in Finland and Sala Brand in Sweden). The company also completed its exit from Indoor Group in 2025, and holds a minority investment in the CEO of Indoor Group as part of that transaction.
Differentiator
Problem solved
Functional benefit
Brands
- KH-Koneet: Leading construction and earth-moving machinery supplier in the Nordics. Sells and rents equipment, accessories and services for earth-moving, property maintenance and materials handling.
- Nordic Rescue Group (NRG)
- Saurus
- Sala Brand
Products and services
- KH-Koneet Construction and Earth-Moving Machinery Sales and rental of construction and earth-moving machinery, accessories, and services for earth-moving, property maintenance, and materials handling. Represents brands including Kobelco, Kramer, Wacker Neuson, and Yanmar. Targeted at construction firms, earth-moving contractors, property maintenance companies, and material handling operators in the Nordic region.
- Nordic Rescue Group - Saurus and Sala Brand Rescue Vehicles Manufacture and sale of rescue vehicles under the Saurus brand (Finland) and Sala Brand (Sweden). Targeted at firefighting and emergency response organizations across the Nordic countries.
Companies that use KH Group
Customer profileSegments2 records
Ideal customer profiles2 records
KH Group technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
KH Group partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core.
- Ernst & Young OycoreErnst & Young Oy serves as KH Group's statutory auditor, providing audit services. Timo Eerola, APA, is the responsible auditor.
- KobelcocoreKobelco is one of the equipment brands represented and distributed by KH-Koneet in the Nordic market as part of KH Group's construction and earth-moving machinery business.
- KramercoreKramer equipment is distributed by KH-Koneet in the Nordics, representing a key brand in the KH Group's construction machinery portfolio.
- Wacker NeusoncoreWacker Neuson is distributed by KH-Koneet in the Nordic countries, complementing the range of construction and earth-moving equipment offered.
- YanmarcoreYanmar equipment is represented by KH-Koneet in the Nordic market as part of the business area's comprehensive equipment offering.
Scale indicators6 records
Recent moves6 records
Expansion highlights5 records
KH Group competitors and assessment
Company assessmentBroad incumbents
- Loxam: Loxam is the largest equipment rental provider in Europe with a broad construction equipment portfolio. It operates across multiple European geographies with a wider scope than KH-Koneet's Nordic focus but is comparable on rental business model and customer segments.
- Magirus (CNH Industrial / Iveco): Magirus is a firefighting vehicle brand owned by Iveco (CNH Industrial), one of Europe's largest rescue and firefighting apparatus manufacturers. It competes with Nordic Rescue Group in European municipal rescue vehicle markets as a broader incumbent with wider geographic reach.
- Caterpillar: Caterpillar is the world's largest construction equipment manufacturer. While KH-Koneet is a Nordic distributor and not a manufacturer, Caterpillar shapes the equipment ecosystem and competitive dynamics in which KH-Koneet operates through its dealer network and equipment standards.
- Boels Rental: Boels is the largest European construction equipment rental company and acquired Cramo in 2020. It operates a broader portfolio and larger geographic footprint than KH-Koneet but competes directly in the Nordic construction and earth-moving equipment rental market.
- Volvo Construction Equipment: Volvo CE is a global construction equipment manufacturer owned by Volvo Group. It competes indirectly with KH-Koneet through equipment sales channels and overlaps on customer segments (construction and earth-moving contractors), though KH-Koneet is a distributor not manufacturer.
Direct peers
- Rosenbauer International: Rosenbauer is one of the world's leading fire and rescue vehicle manufacturers, directly competing with Nordic Rescue Group's Saurus and Sala Brand offerings. Both serve municipal and emergency services customers with custom-engineered rescue vehicles in the European market.
- Cramo: Cramo is a leading Nordic and European construction equipment rental company, directly comparable to KH-Koneet's equipment distribution and rental business for construction and earth-moving customers. Both serve Nordic B2B construction contractors with overlapping product categories and rental models.
- REV Group: REV Group is a major US-based manufacturer of specialty vehicles including fire and rescue trucks (E-One, KME, Ferrara brands), making it a direct global peer to Nordic Rescue Group in the rescue vehicle manufacturing category.
- Ziegler (Albert Ziegler GmbH): Ziegler is a German manufacturer of firefighting vehicles, pumps, and rescue equipment, directly comparable to Nordic Rescue Group. Both supply European municipal and emergency services with custom-engineered rescue vehicles and firefighting apparatus.
Emerging players
- Wacker Neuson: Wacker Neuson is a German manufacturer of compact construction equipment and a key brand represented by KH-Koneet in the Nordics. As both a partner and indirect competitor, it is comparable on product categories (compact earth-moving equipment) and customer base.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks5 records
Key highlights7 records
Customer concentration
KH Group social profiles
Digital presenceKH Group financial estimates
Financial estimateRevenue estimate
Valuation estimate
KH Group leadership team
Management profileNumber of profiles
Profiles6 records
KH Group subsidiaries and ownership
Company hierarchySubsidiaries2 records
KH Group funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
KH Group M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about KH Group
What does KH Group do?
KH Group Oyj is a Nordic conglomerate operating two business areas: KH-Koneet sells and rents construction and earth-moving machinery, accessories, and services (representing brands such as Kobelco, Kramer, Wacker Neuson, and Yanmar) for earth-moving, property maintenance, and materials handling; Nordic Rescue Group manufactures rescue vehicles under the Saurus brand in Finland and the Sala Brand in Sweden. The group supports sustainable construction and maintains critical emergency-response functions across the Nordic region.
Is KH Group a public or private company?
KH Group is a public company. It is classified as public and is currently operating.
When was KH Group founded?
KH Group was founded in 2011. It employs 1 to 10 people.
Where is KH Group based?
KH Group is headquartered in Helsinki, Finland, in the Europe region.
How does KH Group make money?
Three revenue lines are on record. Equipment Sales and Rental – KH-Koneet is the primary driver. The others are rescue Vehicle Manufacturing – Nordic Rescue Group and financing Arrangements.
Who are KH Group's main competitors?
Broad incumbents on record are Loxam, Magirus (CNH Industrial / Iveco), Caterpillar, Boels Rental and Volvo Construction Equipment. Direct peers are Rosenbauer International, Cramo, REV Group and Ziegler (Albert Ziegler GmbH). Wacker Neuson is listed as an emerging player.
Does KH Group have an API?
No public API is recorded for KH Group.