On 23rd March, 2022, The Finnish construction specialist Peikko Group has acquired a majority stake in Shanghai Shucko Construction Technology Co., Ltd (“Shucko”)., one of the pioneers specialized in prefabricated construction engineering, structural design, and precast concrete detailing services in China.

Shucko in brief:
Shucko is a leading structural design company for industrialized construction in China. With a professional team of experienced experts and engineers across China, Shucko has throughout the years participated in the drafting of many standards of the prefabricated construction industry and has built up a good reputation by delivering technical services in the field of prefabricated construction, BIM and green building for more than 100 projects with over 10,000,000㎡building area, some of which have won many national and provincial prizes.

Upon the closing of the transaction, this deal will combine the relative strengths from both Peikko China and Shucko, providing clients in the prefabricated construction industry a one-stop service experience within industry knowledge and technological expertise. This helps Peikko China to further expand its leading position in the prefabricated construction market segment. Furthermore, it will also enhance Peikko’s capability in serving leading local enterprises in China and reflects Peikko´s long-term commitment in the Chinese market.

“With the acquisition, we get an even wider range of specialist competencies in-house together with Shucko. We are very pleased that Shucko will be part of our group with its expertise in the prefabricated construction engineering segment. Nordic Match has been a trusted advisor to Peikko from the very beginning and their professional approach has been an important factor to cement this milestone transaction for Peikko China.”  says Michal Horak, Vice President APAC of Peikko Group

“It has been a great pleasure to support Peikko throughout this exciting project. Shucko’s engineering know-how combined with Peikko’s innovative solutions will enable both companies to create interesting new opportunities in China’s fast-growing prefab construction market”, says Pasi Pekkola, Senior Advisor at Nordic Match.

Nordic Match served as the sole buy-side advisor to Peikko Group, and advised the management throughout the full M&A process including target screening and selection, transaction process management, deal structuring, negotiation of definitive agreements, and closing.

About Peikko Group
Peikko Group Corporation is a leading global supplier of slim floor structures, wind energy applications and connection technology for precast and cast-in-situ construction. Peikko’s innovative solutions offer a faster, safer, and more efficient way to design and build. Peikko has sales offices in over 30 countries in Asia-Pacific, Europe, Africa, the Middle East, and North America, with manufacturing operations in 12 countries. Peikko generated a turnover of EUR 255 million in 2021. Peikko is a family-owned and managed company that employs over 2,000 professionals. Peikko was founded in 1965 and is headquartered in Lahti, Finland.

Further information: www.peikko.com.

About Nordic Match

Nordic Match is a boutique M&A and Strategy Advisor headquartered in Shanghai, China. Dedicated to Sino-Nordic transactions, we have a clear vision – to support aspiring corporates and investors in search for value-creating opportunities between Nordics and China.

More about Nordic Match: www.nordic-match.com