MB Funds and Welado have found a match


Finnish infrastructure consultant Welado gets MB Funds, a private equity company with over 30 years of experience, as its main owner. The founding entrepreneurs and the management of Welado shall continue developing the company as significant shareholders. Larger number of employees will also be invited to own Welado.

Welado was founded in 2017 when over 30 professionals decided to start developing a forerunner to the infrastructure construction management, with a human touch. Today the company has over 300 experts working in two countries, Welado Oy in Finland and STHK AB in Sweden.

Welado team has together built a great growth and at the same time initiated a fantastic story: they have developed an attractive value-based platform for meaningful expertise, the best working environment for the experts, where people want to work and prosper. Together with their customers, the Welado experts create solutions for the built environment with brave and open attitude and solid expertise. Welado also increasingly enables their customers’ success in the industrial, real estate and energy sectors. The Welado team has created a forerunner organization, that challenges the entire construction industry to operate better, more humanely and with a higher productivity, together.

The story of Welado is, however, still in the first steps and the Welado team has more to give to the construction industry, modern working life and for the people. The next development phase of Welado will now on be supported by MB Funds.

We have developed Welado with an open heart. Working in Welado is an important and personal issue for us. This is not a “job” for us. The most important thing for us was to find a partner for whom our values are as important and obvious success criteria as they are for us. MB Funds has shown that they support growth, development and the path to international markets – and they were able to convince us of the compatibility of our values during the process. On the other hand, we were not looking for a partner only as an organization but also a person with whom we could build a reliable cooperation. With Kimmo Vanne from MB Funds, we have been able to build a relationship of trust and understanding in reference to our future human-centric growth together,” says the CEO Matti Tervonen.

In five years Welado has grown to be the market leader in infrastructure consulting. During the next years Welado aims at becoming the most wanted Nordic platform for a meaningful expertise within the built environment.

Kimmo Vanne of MB Funds comments: “The growth story of Welado and their concept already from the outside-in appeared interesting and unique when compared to other actors. The more we were able to learn of Welado, the more convinced we were of the passion and commitment of the management and the personnel. We shall build the competitive advantage of the future Welado on this strong value base.”

Further information

Kimmo Vanne / Partner, MB Funds

Kimmo.Vanne@mb.fi / +358 (0)40 552 8398


Matti Tervonen / CEO, Welado

Matti.Tervonen@welado.fi /+358 (0)40 749 3065

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