A bit of a side story has emerged alongside the stock exchange listing.
"Egoa from Liminka claims that Lapelland from Pyhäntä is squeezing it out of the market by agreeing on exclusive rights to trailer chassis with major European manufacturers.
Egoa has filed an action request with the Finnish Competition and Consumer Authority (KKV), asking it to investigate whether Lapelland is violating competition law."
Egoa’s CEO Määttä intends to take the matter to court if the KKV does not investigate it.
Salvos’s CEO Kurkela denies the accusations.
“According to Määttä, the procedures involve what is known as ‘naked restriction of competition.’ This means a procedure that has no other business justification than the conscious exclusion of competitors from the market.”
Egoa’s CEO also states in the article that he would have received an order for 70 trailers from Saudi Arabia, but cannot deliver due to a lack of trailers. The current procurement rate from Ostrobothnia (Pohjanmaa) is one trailer every three weeks.
According to the article, Määttä originally sold the Luxus-Saunat business to Salvos and then returned to compete after the non-compete clause expired.