Oras Invest
Rauma-based Paasikivi family industrial holding company (est. 2004): owns Oras Group and is the largest or a major owner of Kemira, Valmet, Georg Fischer, Lindab and Konecranes.
USEFUL FOR Fund managers raising capital · Co-investors
Family & background
- FAMILY
- Paasikivi
- WEALTH ORIGIN
- Faucet maker Oras, founded in Rauma in 1945
- HEADQUARTERS
- Rauma, Finland
- FOUNDED
- 2004
- AUM
- €1.9B (2025)
- OUTSIDE CAPITAL
- No — own capital only
Investment approach
- SECTORS
- Industrial & Manufacturing
- GEOGRAPHY
- Europe
- ROUTES
- Companies (own capital) · Funds (as LP)
- STRATEGIES
- Direct investmentsPublic equitiesFunds (as LP)
Overview
Oras Invest Oy was established in 2004 to hold the industrial ownerships of the Paasikivi family business, which began with the faucet maker Oras in Rauma in 1945. It owns 100% of Oras Group and holds large minority stakes in listed companies including Kemira, Valmet, Georg Fischer, Lindab and Konecranes, working through board and nomination-committee roles. It is also the cornerstone investor in the first fund of venture firm Kvanted. Net asset value was EUR 1.9 billion at the end of 2025.
Investment thesis
A long-term industrial owner focused on companies in the building, industrial goods, water and bio-based materials value chains, developing them through active board work with an ownership horizon spanning generations.
Holdings & investments (8)
INVESTMENT ARMS & VEHICLES
- Oras Group
HOLDINGS & INVESTMENTS · MOST RECENT FIRST
- Industrial & Manufacturing · since 2024
- Industrial & Manufacturing · since 2022
- Industrial & Manufacturing
- Industrial & Manufacturing
- Industrial & Manufacturing
- Industrial & Manufacturing
- UponorIndustrial & Manufacturing · Exited
- TikkurilaIndustrial & Manufacturing · Exited
People
- Ville KiveläChief Investment Officer · source
- Sanni StjernbergInvestment Associate · source
- Markus MelkkoPresident & CEO · source
- Joonas SandholmChief Financial Officer · source
- Annika PaasikiviExecutive Chair of the Board · source
- Ilkka HaraMember of the Board · source
- Ulf MattssonMember of the Board · source
- Henrik PaasikiviMember of the Board · source
- Joachim RosengartenMember of the Board · source
- Ruth WerhahnMember of the Board · source
- Heikki WesterlundMember of the Board · source
Frequently asked questions
Oras Invest is a family holding based in Rauma, Finland, founded in 2004.
Oras Invest invests on behalf of the Paasikivi family (Faucet maker Oras, founded in Rauma in 1945).
Oras Invest invests its own capital into companies and in third-party funds as an LP. Its stated asset mix includes direct investments, public equities and funds (as lp).
Oras Invest invests in Industrial & Manufacturing.
Key people at Oras Invest include Markus Melkko (President & CEO), Ville Kivelä (Chief Investment Officer), Joonas Sandholm (Chief Financial Officer) and Sanni Stjernberg (Investment Associate).
Oras Invest's holdings and investments include Oras Group, Kemira, Valmet, Georg Fischer, Lindab, Konecranes, Uponor and Tikkurila.
The most recent publicly reported investment by Oras Invest is Lindab (stake raised above 10%, becoming largest shareholder) (Public equity stake), announced in Oct 2025.
No. Oras Invest invests its own capital and does not raise money from outside investors.