Boreo in Brief

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Boreo in Brief

Boreo is a company that creates value by owning and acquiring small and medium-sized companies in the long-term. Boreo's primary objective is sustainable long-term profit generation. This is achieved with a business model that is based on the acquisition and ownership of great entrepreneurial companies with ability to generate sustainable long-term earnings growth and strong cash flows. The profits generated by the portfolio of companies are re-invested back to operations or to acquisitions with attractive expected returns on capital. 

The decentralized operating structure promoting culture of ownership and release of entrepreneurial energy is a core pillar of the firm’s business concept and sustainable earnings growth is ensured through the support and coaching of companies and the personnel.

Boreo’s operations are organized into two business areas:

  • Electronics business area consists of businesses that distribute and assemble professional electronic components. Its companies act as representatives of the world's leading principals in Northern Europe, Poland and the United States. The companies offer storage and logistics services, as well as technical sales services for principals and customers. The companies of the business area are Yleiselektroniikka, YE International, Noretron Komponentit, Milcon, Infradex, Signal Solutions Nordic and Delfin Technologies.

  • Technical Trade business area consists of businesses involved in technical trade that represent well-known principals in concrete, power, metal machines, construction, welding technique and forest industry products and system solutions in Finland, Sweden and Estonia. In addition, the business area includes ESKP and Vesterbacka Transport that provide logistics and courier services. The companies of the business area are Machinery, Muottikolmio, Pronius, J-Matic, Filterit, Tornokone, PM Nordic, HM Nordic, Floby Nya Bilverkstad, Lackmästarn, Etelä-Suomen Kuriiripalvelu and Vesterbacka Transport. 

Former Technical Trade and Heavy Machines business areas were combined to one Technical Trade business area effective as of 1 January 2024. The financial reporting will reflect the new organizational structure from the first quarter of 2024 onwards.

In 2023, Boreo’s sales amounted to EUR 161 million and the group employs nowadays over 300 persons in Finland, Sweden, Baltics, Poland and USA. Headquarters of Boreo is located in Vantaa, Finland.​

Boreo Plc’s stock is quoted on the main list of Nasdaq Helsinki with ticker BOREO.

Electronics

Sales 2022: EUR EUR 62 million
Personnel: 136
Markets: Finland, Estonia, Latvia, Lithuania, Poland, USA
Brands: Yleiselektroniikka, YE International, Noretron Komponentit, Milcon, Infradex, Signal Solutions Nordic, Delfin Technologies

Technical Trade

Sales 2022: EUR 100 million
Personnel: 205
Markets: Finland, Sweden, Estonia
Brands: Machinery, Muottikolmio, Pronius, J-Matic, Filterit, Tornokone, PM Nordic, HM Nordic, Floby Nya Bilverkstad, Lackmästarn, Etelä-Suomen Kuriiripalvelu, Vesterbacka Transport