Oulu-based family business REL-Palvelu Oy partners with Stephen Industries to strengthen its ownership base

Stephen Industries has become the majority owner of REL-Palvelu Oy. The objective of the transaction is to strengthen REL-Palvelu’s operations and support its future growth and business development. The company’s long-time CEO, Reima Leinonen, will continue in his role and remain a significant shareholder.

Founded in 1995, REL-Palvelu Oy is a family business from Oulu specializing in telematics solutions and services. The company installs and maintains road weather stations, road and traffic cameras, and carries out other demanding system installations. REL-Palvelu operates nationwide across Finland, from the south up to Lapland. Through the transaction, the company gains additional resources and strategic support to expand its operations and enhance its service capabilities.

“I am pleased that we have found a long-term partner who shares our values,” says CEO Reima Leinonen. “The involvement of Stephen Industries provides us with even better opportunities to develop our business and serve our customers even more effectively.”

According to both parties, the company’s daily operations will continue as before, with existing customer relationships and personnel remaining the foundation of the business. The new ownership structure enables stronger investment in growth, quality, and development in the coming years.

“We are very pleased to support REL-Palvelu Oy in its next phase of growth and to continue developing the company’s strong expertise together with Reima Leinonen and the entire REL-Palvelu team,” says Tor-Oskar Karlberg, Investment Director at Stephen Industries.

Stephen Industries Inc Oy, based in Helsinki, is a family-owned investment company focusing on growth-stage businesses. In addition to providing capital, the company offers strategic support and long-term partnership. Stephen Industries aims to promote sustainable development and help innovative companies expand both domestically and internationally.

Further information:

REL-Palvelu Oy, Phone: +358 40 502 0442
Reima Leinonen, CEO

Stephen Industries Inc Oy, Phone: +358 50 910 6416
Tor-Oskar Karlberg, Investment Director