Scandic Construction

History

2024: Technonicol bought Scandic Construction for hundreds of millions of rubles

Technonikol, one of the largest manufacturers of building materials in Russia, acquired the Scandic Construction house kit plant located in the Leningrad Region. The deal, estimated by experts at about 200 million rubles, was completed in early July 2024.

Technonikol bought 90% of the shares in Skandik Konstrakshen LLC and Selex LLC from the former owner Olga Khromova. The remaining 10% belongs to the British company Tritoria UK Ltd, which until 2022 was the sole owner of the enterprise.

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Scandic Construction

According to Businessman"," the acquired Scandic Construction plant, launched in 2002, specializes in the production of frame and wooden houses. The company is located in the village of Bugra, Leningrad Region and covers an area of ​ ​ 20 thousand square meters. m The production capacity of the plant is 400 houses per year. Initially, Scandic Construction focused on exporting finished houses to Norway and countries. European Union However, in 2023, the company's financial performance decreased significantly.

Igor Bryazgunov, operating director of the Tekhnonikol cottage and low-rise construction department, noted that the panel-frame housing construction technology used at the Scandic Construction plant significantly reduces the construction time of individual residential buildings. The company plans to sell products on the Russian market and in the CIS countries.

According to the Avito portal, in May 2024, the demand for finished houses and log houses in the country increased by 34% compared to the same period in 2023.

The acquisition of Scandic Construction was Technonicol's second home-building asset. Earlier, the company already owned the Low-Rise Comfortable Houses plant in the Nizhny Novgorod Region.

The acquisition of Scandic Construction reflects the general trend of growing interest in individual housing construction in Russia. According to the наш.дом.рф portal, in January - May 2024, the commissioning of private houses in the country increased by 21% compared to the same period last year, reaching 30.8 million square meters. m. At the same time, the commissioning of apartment buildings over the same period decreased by 27%, amounting to 12.9 million square meters^[1]

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