News

11.02.2015

Hämeen Laaturemontti and M.E.T Group to operate under the same roof

13.06.2014

Cargotec transfers its India engineering operations to Citec

Citec has entered into a long‐term partnership with Cargotec, where Cargotec transfers its engineering centre in Pune, India, to Citec. The transaction includes the transfer of Cargotec’s current engineering business and its 110 employees from Cargotec to Citec. Cargotec’s engineering centre in Pune is involved in engineering projects for the global cargo handling industry. For Citec, the transaction enables a fast growth in India, as well as strengthened engineering competence for the manufacturing industry.

Attachments: Press release Citec June 13 2014

09.06.2014

FAST and CocoVi merge into a leading Nordic special foods company

Func Food and CocoVi merge into a leading Nordic special foods company. Func Food Group Oy, which has experienced fierce growth, acquires Finnish CocoVi Import Oy, whose CocoVi brand is known for nutrition rich foods and snacks – so called superfoods. Together Func Food’s FAST brand and CocoVi form Finland’s largest sports nutrition, healthy snacks and nutrition rich foods focused company, targeting nearly 30 million euros in sales in 2014.

Attachments: Press release Func Food June 9 2014

31.03.2014

Sentica invests in Hämeen Laaturemontti’s growth

10.02.2014

Sentica to support growth of leasing company Secto Automotive

Funds managed by Sentica Partners Oy acquires majority of Secto Automotive Oy, the biggest privately held car leasing company in Finland. Secto will continue its successful growth as a provider of flexible car leasing solutions especially to the SME sector clients and as a forerunner within electric vehicle solutions. The key management of the company will remain as significant owners.

Attachments: Press release Secto February 10 2014

03.02.2014

Citec acquires engineering company TGB from Siemens

Citec Group Oy Ab has acquired TGB (Technisches Gemeinschaftsbüro GmbH) from Siemens AG. TGB is a leading engineering company within rail vehicle and aircraft interior engineering, and also provides supporting standardization services for the German Railway Standardization Committee (“FSF”). The company operates in three business segments: Standardization, Aircraft Interior and Rail Vehicle. TGB is headquartered in Kassel, Germany, and employs 80 people. TGB was founded in 1922 and its annual revenue is approximately 7 million euro.

Attachments: Press release Citec February 3 2014

20.01.2014

Sentica brings more strength into Func Food’s growth

A fund managed by private equity company Sentica Partners acquires the majority of shares in Func Food Finland, which is known for its FAST branded sports nutrition products, healthy snacks and protein drinks. The Company’s key personnel will continue as significant minority owners. With Sentica’s support, the Company targets strong growth from new product categories, customer segments, distribution channels and export markets.

Attachments: Press release Func Food January 20 2014

28.08.2013

Treston concentrates into its core business and divests Hexaplan Oy

Treston continues to concentrate resources into the core business, manufacturing and sales of industrial furniture and storage systems. Following this, Treston has divested direct marketing company Hexaplan to Lounais‐Suomen Logistiikkamyynti Oy which is owned by Turun Hylly‐ ja Trukkitalo Oy and Rastec Sisälogistiikka Oy.

Attachments: Treston press release 28.8.2013

21.08.2013

Citec strengthens position within the oil & gas industry via acquiring M7 Offshore

Citec continues to strengthen its competence and offering within the oil and gas segment via acquiring the Norwegian engineering company M7 Offshore AS.

Attachments: Citec press release 21.8.2013

03.07.2013

Finland’s leading ambulance and emergency care services company 9Lives sold to management

Finland’s largest ambulance and emergency care services company 9Lives’ entire share capital has been sold to the company management. The new owners are CEO Markus Ulfstedt and CFO Katariina Matveinen.

Attachments: 9 Lives press release 3.7.2013

07.06.2013

Innofactor and atBusiness to merge – Innofactor nearly doubles its size

Finnish Innofactor Plc has acquired the entire share capital of atBusiness Oy. Integration of atBusiness and Innofactor operations will start immediately and the goal is to implement significant parts of it during the summer 2013. The name of atBusiness Oy will be changed to Innofactor Business Solutions Oy.

Attachments: AtBusiness press release 7.6.2013

29.04.2013

Sentica is moving to new office premises

18.04.2013

Frankis Group Oyj successfully places a EUR 30 million three year Nordic High Yield bond

On March 18, 2013 Frankis Group Oyj ("Frankis Group") successfully placed a three year EUR 30 million Senior Unsecured High Yield bond. The bonds, maturing on April 2, 2016, will bear a fixed coupon of 8.0% (paid semi-annually). Listing of the bonds on NASDAQ OMX Stockholm will take place within 1 year after settlement.

Attachments: Frankis Group press release 18.4.2013

03.04.2013

Citec acquires oil & gas competence

Citec is strengthening its competence and offering within the oil and gas segment by acquiring the French oil & gas engineering consultancy Akilea Engineering. Akilea designs offshore platforms, oil refineries, pipelines and power plants. The company’s service offering includes engineering, procurement, construction and project management.

Attachments: Citec press release 3.4.2013

19.03.2013

Sentica has sold its majority stake in Dewaco

A fund managed by the Finnish private equity investor Sentica Partners has sold its majority holding in Dewaco Oy. The buyer is environment technology company Econet Oy, and Dewaco’s current management will continue as owners with a significant stake.

Attachments: Dewaco press release 19.3.2013

07.02.2013

Sentica launches Sentica Buyout IV fund

Sentica Partners (“Sentica”) has held a closing of its Sentica Buyout IV (the “Fund”) at approximately EUR 115 million. Sentica aims to have the Fund’s final closing at around EUR 130 million later this year. Commitments to the Fund have been made by Finnish institutional investors and high-quality European fund of funds.

Attachments: Sentica Buyout press release 7.2.2013

07.02.2013

Sentica sold its majority holding in FinnSonic

A fund managed by the Finnish private equity investor Sentica Partners (“Sentica”) has sold its majority holding in the leading Nordic industrial cleaning solutions provider FinnSonic Oy. The buyer is Provesan Oy and the current management will continue as owners with a stake of approximately 20 per cent. Sentica became the main owner of FinnSonic in June 2006.

Attachments: FinnSonic press release 7.2.2013

17.01.2013

Darekon strengthens its competitive edge by acquiring Apelec Oy

Medical equipment contract manufacturer Darekon Oy expands its operations by acquiring all shares of Apelec Oy. With this acquisition Darekon fortifies its electronics design services and increases the customer base. This compliments Darekon Group’s service portfolio as industrial contract manufacturer of medical devices.

Attachments: Darekon press release 17.1.2013

21.11.2012

Helsinki‐based Dextra becomes part of Pihlajalinna Group

Pihlajalinna Oy and Leena Niemistö have reached an agreement on Dextra Oy becoming part of Pihlajalinna Group. The CEO and principal shareholder Doctor Leena Niemistö has agreed to sell her entire stake in Dextra, which is 60.6% of the company shares, to Pihlajalinna.

Attachments: Pihlajalinna press release 21.11.2012

01.06.2012

Namikan Pienryhmäkoti becomes part of Arjessa Group

Namikan Pienryhmäkoti, operating in Lahti, has joined the child welfare service provider, Arjessa Group. The Group now comprises of more than 20 child welfare units in Central and Western Finland. Arjessa Group consists of Puro Psychiatric Nursing Home for Adolescents as well as child welfare units Pihakoivu, Leppälintu, Nuorisokoti Valokki, Pienkoti Aura, Jokilaakson Perhekodit and Namikan Pienryhmäkoti.

Attachments: Arjessa press release 1.6.2012