Delete Finland Oy divests Delete Ympäristöpalvelut Oy

Delete Group Oyj Stock Exchange Release  23 June 2022 at 8:30 a.m. EEST

Delete Finland Oy divests Delete Ympäristöpalvelut Oy

Delete Finland Oy, part of the Delete Group (“Delete”), has signed an agreement on the divestment (“Transaction”) of Delete Ympäristöpalvelut Oy, a subsidiary operating in the Recycling Services business area. The Transaction will be carried out by selling all the shares in Delete Ympäristöpalvelut Oy to Remeo Holding II Oy, which is the parent company of a well-known Finnish environmental services company Remeo Oy.

The net proceeds (after deducting transaction costs, certain net debt items and other adjustments) to Delete resulting from the Transaction are approximately EUR 36.3 million. The net proceeds from the divestment will be used to partially redeem Delete Group’s senior secured notes maturing in 2024 (ISIN FI4000252119).

Delete is one of the leading environmental service providers in the Nordic countries, currently divided into two businesses: Cleaning Services and Recycling Services.

As a result of the strategic review launched in 2018, Delete has investigated the potential sale of one or several of its business areas or sub-segments thereof, other than the Industrial Cleaning business area. During 2020–2021, Delete divested its Demolition Services companies. Following the completion of the Transaction, Delete will no longer operate in the Recycling Services business area, and the company will focus on the long-term development of Cleaning Services. In 2021, the net sales of Delete’s Recycling Services business were EUR 25.0 million and the net sales of the Cleaning Services business were EUR 110.2 million.

The completion of the Transaction is not conditional upon approval of the competition authorities and is expected to be completed in June 2022.



Ville Mannola, CFO of Delete Group Oyj


Tel. +358 400 357 767



Delete Group is one of the leading providers of environmental services in the Nordic countries. Following the Transaction, the Group will provide customers with business-critical services that require special expertise and equipment in cleaning services.

The Group’s head office is located in Helsinki, and after the Transaction, the company employs approximately 600 professionals in 28 locations in Finland and Sweden.