History

STRONG EXPERTISE ROOTED IN LONG EXPERIENCE

Destia’s roots date back more than 200 years, to the Royal Finnish Committee for the Clearing of Water Rapids, which was founded by King Gustav IV Adolph of Sweden and which operated in Finland between 1799 and 1809. In 1925, following Finland’s independence, the state established the Road and Waterway Construction Administration (RWCA), which carried on building and developing the road network.

The RWCA was followed by the National Board of Public Roads and Waterways and the National Board of Public Roads. In 1998, the administrative official duties and road maintenance duties of the National Board of Public Roads were separated from each other into two departments, which were in charge of administration and production respectively. The administrative department’s official duties nevertheless continued to include production, planning, construction and maintenance. The years 1998–2000 were marked by preparation for entering the open market.

The era of the National Board of Public Roads came to an end in 2001, with the permanent split of production and administration into two separate organisations. The Finnish Road Administration remained in charge of public roads and continued as the coordinator of road maintenance. The production department was renamed the Finnish Road Enterprise, which began to compete with other earthworks contractors over road maintenance contracts. Competition was introduced gradually, until on 1 January 2005 the Finnish Road Enterprise was fully exposed to open competition.

The Destia name was born on Valentine’s Day, 14 February 2007, when it was adopted as the marketing name for the Finnish Road Enterprise. From the beginning of 2008 Destia became a wholly state-owned limited liability company, established with the purpose of continuing the work of the Finnish Road Enterprise.

Ahlström Capital agreed on 26 May 2014 to acquire Destia Ltd’s share capital from the State of Finland. The ownership of Destia Ltd has been transferred to Ahlström Capital 1 July 2014.

Destia continues to be a successful and dynamic player in the market – building the bigger picture, piece by piece.