Business operations of Onvest Oy are demerged into two new companies: Onvest Oy and Conficap Oy.

After the demerger, Onvest Oy’s operations consist of real estate business, investment operations and steel services provider Feon Oy, a subsidiary of Onvest. Are Group is transferred under the ownership of Conficap Oy.


The steel services company Feon Oy is founded.

Onvest Oy sells the entire share capital of Onninen Oy to Kesko Corporation.

Business operations of Onvest Oy consist of real estate business, steel services provider Feon, technical building services provider Are, and investment operations.


Onninen establishes a steel service centre in Hattula.


Onvest Oy is founded as the Group’s parent company for the subsidiaries Onninen and Are.


Onninen begins its journey towards internationalization. Subsidiaries are founded in Estonia, Latvia, Lithuania and Poland.


The plumbing contractor company A. Onninen is founded in Turku by businessman Alfred Onninen.