Bolt.Works Oy

Bolt. Works Oy is a staffing service provider based in Finland, specializing in connecting businesses with qualified personnel across various sectors including logistics, hospitality, and construction. Founded in 2006 in Helsinki, Finland, Bolt. Works Oy provides staffing solutions to a diverse array of industries.

The company was acquired by Vaaka Partners in February 2022 from Alma Media and Bocap, enabling its global expansion. It was co-founded by Timo Hakkarainen and Tommi Hämäläinen, who have experience in the staffing and recruitment sector. The most recent funding round occurred in February 2022. Bolt.

Works offers a range of staffing services including personnel leasing, direct recruitment, executive search, and specialized crane operator services through its Trenox brand. The company serves clients across Finland and has started to expand into international markets, particularly Sweden, addressing diverse staffing needs efficiently. In the most recent fiscal year of 2023, Bolt. Works reported a revenue of USD 99.

78 mn and an EBITDA of USD 1. 34 mn, generating income through its transactional staffing services model that supports temporary and permanent placements. Following the acquisition by Vaaka Partners, Bolt. Works plans to leverage its new backing to pursue expansion into new international markets and enhance its service offerings.

The company aims to develop new products tailored to the evolving needs of its clients, although specific product launch dates have not been disclosed. The rationale behind the acquisition is to position Bolt. Works for significant expansion on a global scale.