Luotea
Luotea is a Nordic facility services company providing cleaning, maintenance, technical, energy management, and sustainability services to housing cooperatives, commercial properties, hotels, and healthcare facilities across Finland and Sweden, with ~5,000 employees and FY2025 net sales of EUR 346 million.
- Company typePublic
- Founded2025
- HeadquartersHelsinki, Finland
- Headcount1–10
- GTM typeB2B and B2C
- OfferingServices
What Luotea does
Luotea Plc (Nasdaq Helsinki: LASKF) is a Nordic facility services company headquartered in Helsinki, Finland, that provides comprehensive property lifecycle services — cleaning, property maintenance, property technology (HVAC, electrical, refrigeration, automation, fire safety), energy services, green area services, and sustainability/biodiversity consulting — to housing cooperatives, commercial real estate owners, hotels, healthcare and social services facilities, and retail customers across Finland and Sweden. The company was created through the December 31, 2025 partial demerger of Lassila & Tikanoja Plc and began independent trading on Nasdaq Helsinki on or about January 2, 2026; it operates with approximately 5,000 employees (3,800 in Finland, 1,200 in Sweden) and FY2025 net sales of EUR 346 million (EUR 224M Finland + EUR 122M Sweden).
The company's primary technology platform is the Luotea Smart Automation / Luotea Smartti system, an IoT-based data and digital services layer that monitors building energy consumption across thousands of sensors, supports data-driven cleaning and predictive maintenance, and claims up to a one-third reduction in property energy use; the company also reports a 65% Scope 1 and 2 carbon footprint reduction versus its 2018 baseline. Strategic contract wins in 2025 included a facility services agreement covering 20 Scandic hotels in Finland and a nationwide partnership with Jernhusen covering 143 properties across 45 municipalities in Sweden, alongside ongoing relationships with customers such as Technopolis and Esperi.
Luotea generates revenue primarily through long-term, recurring facility services contracts negotiated individually with property owners and housing cooperatives; services are delivered on-site by field staff, with private residential customers served through housing cooperative maintenance charges and a 24/7 online self-service portal (huoltopyynto.luotea.com), and business customers served via a dedicated customer service center and the Luotea Online / Kiito+ portals. FY2025 adjusted EBITDA was EUR 9.9 million, a EUR 6.3 million improvement year-over-year, reflecting turnaround execution under a renewed playbook; Sweden is still EBITA-loss-making at -EUR 2.7M and represents the primary area of forward investment.
Luotea firmographics
Firmographics- Name
- Luotea
- Legal name
- Luotea Oyj
- Website
- https://luotea.com
- Company type
- Public
- Founded year
- 2025
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Luotea is a Nordic facility services company providing cleaning, maintenance, technical, energy management, and sustainability services to housing cooperatives, commercial properties, hotels, and healthcare facilities across Finland and Sweden, with ~5,000 employees and FY2025 net sales of EUR 346 million.
- Ownership category
- akta.pro rank
Luotea industry classification
Industry- Product category
- Facility Management Services
- NAICS
- Services to Buildings and Dwellings (5617), Landscaping Services (561730)
- SIC
- Services-To Dwellings & Other Buildings (7340)
- akta.pro primary industry
- Homeowners Association (HOA) Management (BPAJAHAB)
- akta.pro secondary industries
- HOA / Condominium Association Management (BPAJAFAH), Commercial & HOA Irrigation Services (Large-Scale Systems) (HSAIAEAJ)
Keywords
Where Luotea is headquartered
LocationHeadquarters
- HQ city
- Helsinki
- HQ country
- Finland
- HQ region
- Europe
Offices3 records
Markets served
Luotea business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Facility Services (Continuing Operations): Luotea generates revenue primarily through long-term facility services contracts with property owners, housing cooperatives, and commercial clients. Revenue is recurring in nature, derived from maintenance, technical, cleaning, and support services delivered across Finland and Sweden. Full-year 2025 net sales of EUR 346 million. The circular economy business was demerged at end of 2025, leaving facility services as the sole continuing operations.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Private customer billing — electronic invoicing (free) and paper invoicing (fee charged) |
| Other | Pay-as-you-go | Business customer facility services — scope of services negotiated per contract |
Go-to-market motion2 records
Distribution channels5 records
Marketing channels11 records
Luotea product offering
Product offeringCore offering
Luotea delivers lifecycle facility services for residential, commercial, and public-sector properties in Finland and Sweden. Its offering spans cleaning, property maintenance, technical building services (HVAC, refrigeration, electrical, fire safety), energy management supported by the Luotea Smart Automation IoT platform, green-area and biodiversity services, sustainability/CSRD reporting, and sector-specific support services for healthcare and retail.
Product overview
Luotea is a facility services company offering comprehensive solutions for the entire lifecycle of properties, combining energy efficiency and smart technology. The company operates a unified service platform with distinct offerings including Cleaning Services, Property Maintenance, Property Technology, Energy Services (with Luotea Smart Automation energy management system), Nature and Green Area Services, Sustainability Services, Biodiversity and Climate Services, and specialized support services for healthcare and retail sectors. The portfolio also includes Luotea Smartti (data and digital services) which provides data-driven insights for facility management. The company operates primarily in Finland and Sweden with approximately 5,000 employees and 2025 net sales of EUR 346 million.
Differentiator
Problem solved
Functional benefit
Products and services
- Cleaning Services (Siivouspalvelut)
Quantifiable outcome
- Up to one-third reduction in property energy consumption using Luotea Smart Automation system
- +3 more outcomes
Companies that use Luotea
Customer profileNamed customers5 records
Segments3 records
Ideal customer profiles3 records
Luotea technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
Luotea partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered major.
- JernhusenmajorLuotea entered into a nationwide facility services partnership with Jernhusen, a Swedish government-owned property company. The partnership covers 143 properties across 45 municipalities in Sweden, representing one of Luotea's two major strategic contract wins announced in 2025 Q4/full-year results. The agreement positions Luotea as a comprehensive facility services provider for Jernhusen's nationwide property portfolio.
- Scandic HotelsmajorLuotea secured a facility services agreement covering 20 Scandic hotels in Finland, representing one of two major strategic contract wins announced in 2025 Q4/full-year results. The agreement involves providing comprehensive facility management services across Scandic's Finnish hotel portfolio.
Scale indicators9 records
Recent moves7 records
Expansion highlights5 records
Luotea competitors and assessment
Company assessmentDirect peers
- ISS A/S: Global facility services leader headquartered in Denmark. Directly comparable to Luotea across cleaning, property maintenance, energy, and integrated FM services, with significant Nordic overlap and larger international footprint.
- Coor Service Management: Swedish pure-play facility services company listed on Nasdaq Stockholm. Closest comparable to Luotea in scale (EUR ~1B revenue range), Nordic geographic mix, and integrated FM service offering including cleaning, property maintenance, and energy.
- Caverion Corporation: Finnish-headquartered building solutions and technical services provider, listed on Nasdaq Helsinki. Overlaps with Luotea's property technology (HVAC, automation, refrigeration) and energy services offerings, with similar Nordic/Central European geographic mix.
- Apleona GmbH: European facility management company headquartered in Germany. Closely comparable integrated FM offering (technical, commercial, infrastructure services) serving large enterprise and public-sector clients.
- Bravida Holding AB: Leading Nordic technical installation and service company listed on Nasdaq Stockholm. Direct overlap with Luotea's property technology services (HVAC, electrical, fire safety) and similar recurring service revenue model.
Regional players
- Hemfrid i Sverige AB: Swedish home services provider offering cleaning and household services to residential customers. Comparable residential segment but focused on Swedish consumer households rather than B2B/housing cooperative facility services.
Others
- Greenstep Oy: Nordic software and services provider with property management and sustainability reporting offerings. Comparable in adjacent sustainability and property data services, complementing Luotea's Smartti/Smart Automation stack.
- Lassila & Tikanoja Plc (new): Newly spun-off Finnish circular economy company, formerly Luotea's sister entity. Not a direct competitor in facility services but historically shared parent and overlapping Finnish/Nordic client relationships; ecosystem adjacency.
Broad incumbents
- Compass Group plc: UK-listed global support services leader across food services and integrated facility services. Adjacent competitor for large enterprise and public-sector facility management contracts in the Nordics.
- Sodexo S.A. French global facility services and food services giant. Provides overlapping integrated FM services (cleaning, maintenance, energy) at much larger global scale; competes with Luotea for multinational enterprise contracts.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Luotea social profiles
Digital presenceLuotea financial estimates
Financial estimateRevenue estimate
Valuation estimate
Luotea leadership team
Management profileNumber of profiles
Profiles9 records
Luotea subsidiaries and ownership
Company hierarchySubsidiaries4 records
Luotea funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Luotea 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 Luotea
What does Luotea do?
Luotea delivers lifecycle facility services for residential, commercial, and public-sector properties in Finland and Sweden. Its offering spans cleaning, property maintenance, technical building services (HVAC, refrigeration, electrical, fire safety), energy management supported by the Luotea Smart Automation IoT platform, green-area and biodiversity services, sustainability/CSRD reporting, and sector-specific support services for healthcare and retail.
Is Luotea a public or private company?
Luotea is a public company. It is classified as public and is currently operating.
When was Luotea founded?
Luotea was founded in 2025. It employs 1 to 10 people.
Where is Luotea based?
Luotea is headquartered in Helsinki, Finland, in the Europe region.
How does Luotea make money?
One revenue line is on record: facility Services (Continuing Operations).
Who are Luotea's main competitors?
Direct peers on record are ISS A/S, Coor Service Management, Caverion Corporation, Apleona GmbH and Bravida Holding AB. Hemfrid i Sverige AB is listed as a regional player. Others are Greenstep Oy and Lassila & Tikanoja Plc (new). Broad incumbents are Compass Group plc and Sodexo S.A..
Does Luotea have an API?
No public API is recorded for Luotea.
What industry is Luotea in?
Luotea's product category is Facility Management Services. Its primary akta.pro industry code is BPAJAHAB, Homeowners Association (HOA) Management, with a secondary code of BPAJAFAH, HOA / Condominium Association Management. Its NAICS code is 5617 and its SIC code is 7340.