References/28 May 2021

Borenius advised Harvia on the acquisition of Kirami

We advised Harvia on the acquisition of Kirami Oy, a leading Finnish still water hot tub manufacturer and pioneer in wood-heated hot tubs globally. The acquisition complements Harvia’s sauna and spa offering well and strengthens Harvia’s leading position as a global sauna and spa experience brand.

Kirami also owns 50% of an Estonian production company Metagroupp OÜ and 51% of a sales company Kirami Sweden AB.

The acquisition of Kirami increases Harvia’s market share especially in the residential sauna and spa solutions. Combining Harvia’s electrical and water technology expertise with Kirami’s hot tub products and unique expertise provides an additional competitive advantage to Harvia.

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Johannes Piha



Heikki Wahlroos



Tuomas Tuominen

Senior Associate