News

 

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

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

Sentica invests in Hämeen Laaturemontti’s growth

A fund managed by Sentica Partners becomes the majority owner in Hämeen Laaturemontti. Hämeen Laaturemontti has developed into Finland’s largest company focusing on roof renovations of singlefamily and row houses. The company’s key personnel will continue as significant minority owners. With Sentica’s support the company will build a nationwide unit network.

Attachments: Press release Hämeen Laaturemontti March 31 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

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

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