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Coming soon

L&T Facility
Services will
soon be Luotea

Luotea will be soon here

If the planned demerger of Lassila & Tikanoja plc is carried out, L&T's property services will continue operating under the name Luotea starting from December 31, 2025.

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Progress of demerger

The company's Board of Directors has proposed that the current company changes its name to Luotea Oyj and focus on facility services.

In connection with the demerger, L&T's circular economy business would be separated into a new listed company to be called Lassila & Tikanoja Plc.

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Deeper than the surface effect

Luotea will focus on facility services and provide comprehensive solutions throughout the entire lifecycle of buildings.
 
Luotea is shaping a future where energy efficiency, smart technologies, and data-driven management enhance the value of properties and improve everyday life for their users. Its services include property maintenance, technical and expert services, as well as cleaning and support services.
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The name Luotea stands for reliability, trust and bold direction - piloting. And that's what we're ready for.

Antti Niitynpää Senior Vice President, Facility Services Finland and Facility Services Sweden nominated as CEO of Luotea plc

Demerger timetable

1

Board’s Decision to Initiate Demerger Planning

On 13 December 2024, the board of directors of Lassila & Tikanoja plc decided to initiate the planning of the possible separation of its circular economy businesses Environmental and Industrial Services and facility services businesses into two independent listed companies. 

2

Approval of the Demerger Plan

On 7 August 2025, the board of directors of Lassila & Tikanoja plc approved the demerger plan to separate the Circular Economy businesses into a new listed company, which will be named Lassila & Tikanoja plc.  In connection with the demerger, the company would retain its Facility Services business area, and the Company is intended to be re-named Luotea plc. 

3

Listing Prospectus Publication

The demerger and listing prospectus, which is expected to be published by the Company in November 2025 before the EGM resolving on the Demerger, will contain more detailed information on the Demerger and on the New Lassila & Tikanoja.

4

Capital Markets Day

Lassila & Tikanoja plc plans to arrange a Capital Markets Day on 26 November 2025. Further details and invitations to the Capital Markets Day will be published at a later stage.

5

Extraordinary General Meeting

The demerger is subject to approval by the Extraordinary General Meeting of the company, expected to be held on 4 December 2025.

6

Completion Date of the Demerger

The planned completion date of the demerger is 31 December 2025.

7

Trading in the Shares

Trading in the shares of the new Lassila & Tikanoja on Nasdaq Helsinki is expected to commence on or about 2 January 2026, or as soon as reasonably possible thereafter. 

More information

Luotea website will be launched in January 2026, before then you can find more information on the L&T website.

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Customers

Luotea's services will remain unchanged after the demerger. However, updates to contact information, including email addresses, will be introduced prior to the demerger.

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Job seekers

Before the demerger, you can find Luotea’s open positions for cleaners, maintenance workers and other everyday heroes on L&T’s website - and after the demerger, right here on this site.

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Investors

Lassila & Tikanoja plc is planning to demerge into two separate listed companies, one focusing on the circular economy and the other on facility services.