Founded in 1989, Raksystems started by offering building inspection services to B2C and B2B customers, and has developed into a leading property well-being expert whose primary business is inspections and surveys, green building services and project services. The core of Raksystems is to support the well-being of buildings, people and the environment.
The company is also engaged in projects connected to developing safe communities, buildout of a society's infrastructures like water, sewage and public transport, and large urban construction projects.
Since its founding, the Company has built a strong team of engineering staff with extensive expertise in condition inspections, energy and life cycle management and efficient renovations.
Return with Impact investment rationale
Trill Impact sees significant potential in further accelerating the growth journey of Raksystems, taking it from a leading Nordic technical building services player to a pan-European green building services expert. Key impact and investment attractions, in Trill Impact’s view, include:
Leading Nordic technical building services with well-diversified offerings across B2C and B2B segments as well as new builds and renovations, with low customer concentration (c.16,000 customers annually), and a strong brand name and reputation with a long-tenured management team
Solid platform for further buy and build, with a historically proven M&A track record in Finland and Sweden to date, a strong pipeline of actionable add-on targets and highly fragmented markets in the rest of Nordics and Northern Europe providing the potential to take the next step in the Company’s consolidation journey
Highly impactful offering across business areas, contributing to healthy and efficient buildings, with the largest number of certified green building experts in Finland
Innovation leadership is shown by the recent launch of the subscription-based Geolo offering, providing high customer value while significantly reducing fossil fuel emissions and energy consumption
Highly productized offering with multiple in-house developed digital tools enabling what Trill Impact sees as best-in-class efficiency in inspections through standardization and increased ease-of-use
Green building advisory and renovations indirectly enable both energy/resource efficiency and wellness of occupants, ensuring standards are met through various certification services and supporting customers in reaching their goals through energy and lifecycle planning for buildings. Raksystems proactively works with cross-selling from the Inspections service into renovation within the Project Services segment, where deep renovations and energy renovations are the most impactful.
EU is not on track to meet energy efficiency targets. 75% of EU building stock is inefficient with only 1% of buildings undergoing energy-efficient renovation every year. EU aims to double renovation rates in the next 10 years to align with EU Green Deal ambitions.
Enables impact acceleration across the following SDG targets:
7.2 renewable energy 7.3 energy efficiency 8.2 technological upgrading 8.4 resource efficiency 11.1 safe housing 13.3 education on CO2 mitigation