Dovre Group Plc: The Suvic Oy transaction completed

Dovre Group Plc | Inside Information | November 13, 2025, at 8:30 AM

Dovre Group Plc announces that the share transaction with the three founding shareholders of Suvic Oy, originally disclosed on 4 September 2025, has been completed.

According to the agreement, the remaining shares of Suvic Oy (49% of all shares) have now been transferred to Dovre Group Plc.

Following the completion of the transaction, Dovre Group Plc holds 100 percent of the shares in Suvic Oy.

“We are pleased that the arrangement was completed in line with our original plan, albeit with a few weeks’ delay during which we prepared the ongoing financing solution. The arrangement clarifies the Group’s structure and supports the determined implementation of our strategy. We continue to focus on renewable energy projects, where Suvic has strong sales prospects, particularly in BESS projects,” says Ville Vuori, Chairman of the Board of Dovre Group.

Suvic founded in Oulu in 2017, operates in the Nordic countries with a focus on renewable energy construction. The company introduces new and innovative practices in design, construction, and project management. Its current projects include Vinliden Vindkraft AB’s Vinliden North and South wind farms (Lycksele, Sweden), OX2’s Rajamäenkylä wind farm (Isojoki & Karijoki), EPV Aurinkovoima Oy’s Heinineva solar park (Lapua), Fortum’s heat pump plants for data center areas in Kirkkonummi and Espoo, as well as Renewable Power Capital Ltd.’s BESS project in Uusikaupunki. Website: www.suvic.fi