Teijo-Talot on nyt OnWood Oy – tule mukaan muutokseen!

What Teijo-Talot on nyt OnWood Oy – tule mukaan muutokseen! does

OnWood Oy (formerly Teijo-Talot Oy) is a Finnish industrial modular timber construction company founded in 2000 and headquartered in Salo, Finland. The company designs, manufactures, and delivers prefabricated wooden buildings — daycares, schools, healthcare facilities, nursing homes, tourism buildings, and commercial offices — for Finnish municipalities, public-sector entities, and private enterprises. Buildings are produced in controlled indoor factory environments across four facilities (Salo, Jokioinen, Hämeenlinna, Halsua) totaling over 16,000 m², achieving up to 90% completion off-site using Hundegger and Weinmann automated CNC lines and a proprietary LVL ripa-laatta structural system. The company holds Joutsenmerkki (Nordic Swan Ecolabel) certification for five completed projects plus a Basic Licence, and FC Factory Production Control certification across all factories.

OnWood operates two product lines: permanent buildings and relocatable buildings enabled by a patented relocatable concrete foundation system. Its go-to-market is sales-led, with direct engagement of municipalities and corporate clients, competitive public-sector tendering, and event participation (Kuntamarkkinat, Matkamessut, Nova Schola, ByggSMART). Since 2021 the company has executed a transformation: merger with Hovako Oy (2021), acquisition by Onvest Oy (2023), appointment of Miikka Vainio as CEO (2024), rebranding to OnWood (April 2025), and the opening of a new Jokioinen element production line (March 2026). Strategic partnerships with Honkarakenne (international export, €16.3M) and GOTA (luxury hospitality) signal a pivot from regional Finnish public-sector builder toward a pan-European industrial timber specialist. The company has delivered approximately 700 projects since 2000 and operates with an order backlog approaching €43M.

Name

Teijo-Talot on nyt OnWood Oy – tule mukaan muutokseen!

Legal name

OnWood Oy

Website

https://onwood.fi

Company type

Private

Founded year

2000

Operating status

Operating

Headcount range

11–50 employees

Short description

OnWood Oy is a Finnish industrial modular timber construction company that designs, manufactures, and delivers prefabricated wooden buildings — daycares, schools, healthcare, tourism, and offices — for Finnish municipalities, public-sector buyers, and private enterprises, producing up to 90% off-site across four automated factories.

Ownership category

akta.pro rank

Headquarters

HQ city

Salo

HQ country

Finland

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Personnel, Infrastructure, Operations, Marketing or Sales, Technology or R&D

Revenue model

1. Modular Wood Building Construction: OnWood generates revenue by designing, manufacturing, and delivering turnkey prefabricated wood buildings to customers. Buildings are produced in factory conditions to up to 90% completion and delivered as complete modules ready for assembly. Projects range from small daycare extensions to large multi-building complexes. Revenue is project-based and recognized upon delivery of completed buildings. Projects are won through competitive tendering (public sector) and direct negotiation (private sector).

Go-to-market motion2 records

Distribution channels3 records

Marketing channels7 records

Core offering

OnWood designs, manufactures, and delivers prefabricated timber buildings (permanent and relocatable modular buildings) — such as daycare centres, schools, care homes, offices, and tourism accommodations — produced to up to 90% completion in factory conditions at four Finnish production sites, then transported and assembled on-site. The company serves municipalities, public sector entities, healthcare providers, tourism operators, housing developers, and corporations through tenders and direct sales, with optional Joutsenmerkki (Nordic Swan Ecolabel) certification and full turnkey delivery from design through commissioning.

Product overview

OnWood Oy is a provider of industrial wooden building construction. The company operates two main product lines: Permanent Buildings (pysyvät rakennukset) and Relocatable Buildings (siirrettävät rakennukset). Permanent Buildings encompass wooden daycare centres, schools, care homes, tourism facilities, and commercial office spaces for public and private sector clients. Relocatable Buildings are modular element-construction wooden buildings that can be expanded or relocated to meet changing spatial needs. Buildings are manufactured indoors at four factories in Salo, Jokioinen, Halsua, and Hämeenlinna — totalling over 16,000 m² of production space — achieving up to 90% completion off-site. The company has delivered nearly 700 projects since 2000 and holds Joutsenmerkki (Nordic Swan Ecolabel) certification for its environmental building approach.

Differentiator

Problem solved

Functional benefit

Brands

• GOTA: Luxury accommodation buildings brand launched in partnership with OnWood. GOTA offers premium-level Scandinavian-designed wooden buildings for tourism, combining practicality with aesthetic luxury.

Products and services

• Pysyvät rakennukset (Permanent Buildings) Permanently installed wooden buildings customized for user needs, including wooden daycare centres, schools, care homes, tourism facilities, and commercial office spaces. Buildings are manufactured indoors in controlled factory conditions and delivered fully ready for use, with optional Joutsenmerkki certification.
• Siirrettävät rakennukset (Relocatable Buildings) High-quality relocatable wooden buildings designed to adapt to changing needs. The element structure allows flexible additions, and buildings can be relocated to new sites to maximize utilization rate. Buildings are delivered fully ready and installed on-site, leveraging OnWood's patented relocatable foundation system.

Quantifiable outcome

• Nearly 700 projects delivered over 25+ years without interruption of the same business ID
• +5 more outcomes

Named customers11 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature8 records

Partnerships

Six partnerships are on record, tiered flagship, minor and core.

• GOTAflagshipStrategic or Co-development Partner · 1 January 2026OnWood Oy is the manufacturing partner for GOTA, a new luxury Scandinavian hospitality brand launching at Matkamessut 2026. GOTA designs premium timber accommodation buildings with Scandinavian aesthetics and durability focus; OnWood manufactures the buildings at its factory to full turnkey readiness and delivers them to site by road transport. The partnership targets the high-end tourism accommodation market in Finland and internationally.
• Honkarakenne OyjflagshipStrategic or Co-development Partner · 1 January 2025Honkarakenne Oyj and OnWood Oy signed a strategic partnership agreement for the manufacture of fully finished log buildings. Honkarakente designs and produces log building components; OnWood fabricates complete buildings at its factories to up to 90% completion. The first joint project involves 110 accommodation log buildings (valued at 16.3 M€) to be delivered to Western Europe by spring 2027 — the largest ever Finnish export of finished timber buildings. The partnership aims to accelerate industrial wood construction, serve international markets, and bring fully finished log solutions to the market.
• Hawo Suomi OyminorOthers · 1 January 2022Hawo Suomi Oy supplies additional building components for the Lootholma tourism development project in Kustavi where OnWood delivers holiday villa buildings. Hawo and OnWood collaborate as complementary suppliers on the same development project.
• Hovako OycoreStrategic or Co-development Partner · 1 January 2021Hovako Oy and Teijo-Talot Oy merged on 30 June 2021, forming a leading modular construction group. Hovako specialized in healthcare facility construction nationwide; Teijo-Talot focused on public service buildings and office construction. Combined, the companies had 30+ M€ revenue, ~60 employees, and targeted 44 M€ revenue by 2025. Ismo Laitakari served as CEO of the combined entity. The merger created synergies across product portfolios and production capabilities.
• TVT Asunnot OyminorOthers · 1 January 2020OnWood (Teijo-Talot) acted as KVR contractor for TVT Asunnot Oy (Turku city housing company) constructing 30 timber-framed single-family homes in Turku Hirvensalo. The project was ARA-subsidized rental housing, with OnWood delivering the complete construction from factory to site.
• ModulRent OyminorChannel Partner/ Reseller/ Distributor · 1 January 2018ModulRent Oy provides rental financing for OnWood's modular buildings, enabling customers to lease/rent buildings rather than purchase them outright. This creates a flexible option for temporary facilities (e.g., resort accommodations) where buildings are delivered, used for a season/period, and returned.

Scale indicators7 records

Recent moves11 records

Expansion highlights6 records

Direct peers

• Honkarakenne Oyj: Finnish manufacturer of log and timber buildings, and OnWood's strategic export partner. Both produce factory-built wood buildings with similar customer profiles (residential, tourism, public); Honkarakenne brings design/branding and OnWood brings industrial capacity.
• Jetta-Talot / Kastelli: Finnish prefabricated wood home manufacturers under the Jetta-Talot group. Produce factory-built timber buildings for residential customers; comparable factory-engineered wood construction approach, though more residential than public-sector focused.
• T2H Sverige AB: Swedish modular construction company delivering prefabricated timber buildings (schools, preschools, offices) for public and private clients. Comparable off-site factory model and Nordic public-sector focus.
• Moelven ByggModul: Norwegian/Swedish modular wood-building business within Moelven Industrier. Produces factory-finished timber modules for schools, daycares, and commercial buildings across the Nordics — directly comparable business model and customer segments.
• Lehto Group: Finnish modular construction company building schools, daycares, care homes, and commercial spaces from factory-made modules. Closest direct overlap with OnWood in product type and Finnish public-sector customer base.
• Derome: Swedish timber and construction group producing prefabricated wood buildings, including multi-story residential and public-sector projects. Comparable industrial timber construction capability in the Nordic market.

Broad incumbents

• Skanska: Global construction and development company headquartered in Sweden, with significant Nordic operations. Competes for public-sector and commercial builds in Finland and the Nordics, though primarily through conventional construction methods.
• Veidekke: Major Norwegian construction group operating across residential, commercial, and civil construction in the Nordics. Offers modular/industrial building capabilities as part of a broader portfolio — overlapping with OnWood in public-sector construction.
• NCC: Large Swedish construction and real estate developer with Nordic operations spanning residential, commercial, and public buildings. While primarily a general contractor, NCC invests in industrial/off-site methods and competes for similar public-sector tenders.

Others

• Stora Enso: Finnish-Swedig forest products company producing CLT, LVL, and other engineered wood products that supply OnWood's construction supply chain. Not a direct competitor, but its industrial wood-building investments (e.g., building systems) make it a strategic ecosystem player.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/onwoodfi
• LinkedInlinkedin.com/company/onwoodfi
• Instagraminstagram.com/onwoodfi

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 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 Teijo-Talot on nyt OnWood Oy – tule mukaan muutokseen!