Portfolio

Sentica is currently an active owner of 16 portfolio companies. Since 2004 we have exited 21 portfolio companies.

 

X

Chilit

For the love of IT and customer service.

Chilit, in its present form, was born when Sentica acquired the majorities of two IT service companies in July 2016. Both companies' work attitude and great customer feedback coupled with complementing service offering and customer portfolios were the key factors in merging the two companies.

Chilit offers its customers a better IT life by producing services and solutions from the user's pocket all the way to the cloud. Chilit's primary clients are growth companies, organizations, medium-sized companies as well as in software licences also large Finnish companies. Flexibility and first class customer service are in the core of all operations.  

Sentica supports the company in expanding its service offering and customer base. 

Sector: IT services
Sales: (2016): €32 million
CEO: Kimmo Juuti
Web: www.chilit.fi
Entry: 7/2016
Fund: Sentica Buyout IV
Deal team: Marjatta Rytömaa (case responsible), Antti Keränen and Mikael Autio

Citec

Industrial investments are usually complex projects with tight schedules and require large financial resources. Therefore it is crucial that the project proceeds as planned and that production can be started in the estimated time frame.

Citec offers technical engineering and information management services to its customers, of which many operate in the energy, oil and gas sectors. The company can take care of a project’s engineering design or a part of it, depending on the customer’s need. The company is passionate about delivering the most valuable expertise in the most efficient way.

During Sentica’s ownership Citec’s growth has been accelerated through several add-on acquisitions within its core segments. The company operates in 11 countries in Europe and Asia and utilizes its nearly 600 employee resources in India, offering its customers high quality expertise in demanding global projects.

Sector: Technical consulting
Sales: (2016): €72 million
CEO: Martin Strand
Web: www.citec.com
Entry: 5/2011
Fund: Sentica Buyout III
Deal team: Christer Niemi (case responsible), Antti Keränen and Mika Uotila

Coptersafety

Helicopter pilots’ simulator training has been proved to decrease the amount of accidents significantly because roughly 20% of helicopter accidents happen while training. 

Coptersafety offers simulator training for professional helicopter pilots. Customers include the world's leading helicopter operators and public authorities, which offer services for the oil & gas sector, search & rescue missions as well as helicopter emergency medical operations. Coptersafety's customers come from Europe, Africa, Asia as well as North and South America.   

Sentica's coming along enabled the largest ever investment in the helicopter training industry: In July 2016 the Company announced the construction of a 3,000m2 large training center and an order of five new simulators. After the investment, Coptersafety will have the most versatile simulator offering and the company will stregthen its position as the only independent operator in the industry. Coptersafety aims to be the pioneer of helicopter pilot training, which offers the best customer service experience and has the broadest service concept.  

 

Sector: Training services for helicopter pilots
Sales: (2016): €7 million
CEO: Mikko Dahlman
Web: www.coptersafety.com
Entry: 11/2015
Fund: Sentica Buyout IV
Deal team: Antti Keränen (case responsible), Christer Niemi and Virva Vesanen

 

Func Food

Being fit and having a healthy lifestyle are the keys to success in today’s hectic world.

Func Food is a Nordic wellness and fitness group focused on functional food and beverages. Func Food's brand portfolio includes Finland's leading sports nutrition brand FAST, the pioneer of superfoods CocoVi and the functional beverage Celsius. Functional food products have become increasingly popular, and they are a great addition to one's daily diet for each and everyone targeting well-being and a healthier lifestyle.   

With Sentica’s support, Func Food wants to spread knowledge about healthy living and eating to every consumer in the Nordics. 

Sector: Sports nutrition and healthy snacks
Sales: (2016): €40 million
CEO: Robin Lybeck
Web: www.funcfood.com
Entry: 1/2014
Fund: Sentica Buyout IV
Deal team: Mika Uotila (case responsible), Antti Keränen and Virva Vesanen 

Hämeen laaturemontti

The number of single-family and row houses in Finland and Sweden increased remarkably in 1960s', 1970’s and 1980’s. These houses need new roofs in the coming years. In renovation projects costs and timetables often tend to get out of hand, but not always.

Hämeen Laaturemontti has developed a roof renovation concept for small houses, and promises a “turn‐key” roof renovation to be completed in only two days. The revolutionary business concept, developed by founder Kimmo Riihimäki, is based on non-compromising customer service, professional and motivated work force, standardized processes as well as utilization of hoist lift trucks and flexibility provided by own steel roofing sheet production. The company was the first in the renovation industry to be granted a ISO 9001:2015 quality certificate indicating the high quality of the industrial concept. 

With Sentica’s support Hämeen Laaturemontti has expanded to a nationwide network to answer to the growing demand for roof renovations of single-family and row houses. In addition, the company provides installations of rainwater systems and roof safety products with Vesivek brand, and offers corporate customers rainwater systems and roof safety products with Nesco brand.

In the spring of 2016 the company established a subsidiary into Sweden, which carries out roof renovations in the Stockholm area with Nordisk TakExpress brand. The concept has been adapted to meet the needs of Swedish house owners. Hämeen Laaturemontti aims to become also the market leader in Sweden during 2018.

Sector: Roof renovations
Sales: (2016): €75 million
CEO: Kimmo Riihimäki
Web: www.laaturemontti.fi
Entry: 3/2014
Fund: Sentica Buyout IV
Deal team: Pentti Tuunala (case responsible), Antti Keränen and Mika Uotila

RD Velho

Sector: R&D services
Sales: (2016): €14 million
CEO: Mika Kiljala
Web: www.rdvelho.com
Entry: 6/2017
Fund: Sentica Buyout V
Deal team: Marjatta Rytömaa (case responsible), Pentti Tuunala and Mikael Autio

Ropo Capital

Succeeding in today’s competitive and global markets requires companies to leverage key competences and concentrate on operations in which most value is added. Focus can be distracted away from the core business by various administrative processes, due to which outsourcing such tasks is sensible. This holds true also for invoicing and invoice lifecycle management, which can be handled cost-efficiently and professionally by a specialized service provider. In addition to improving focus and cutting costs, utilizing a third-party partner’s invoice lifecycle services significantly shortens the receivables lifecycle and provides a professional contact point for customers. As a result, manual processes and errors are minimized, cash flow optimized and customer experience improved.

Ropo Capital offers a comprehensive service covering the entire invoice lifecycle, including invoicing via various channels, ledger, receivables management and financing. Ropo’s value proposition is based on efficient management of the full invoice lifecycle, best-in-class customer service, and agile integration projects. The integrated service offering is enabled by the company’s high-quality software platform. Ropo’s unique services and technology concept accompanied by uncompromising expertise as well as domestic and responsible corporate values is a winning combination that is suitable for companies of all sizes.

Widening the shareholder base further strengthens Ropo Capital’s position and growth prospects. Sentica shares the management’s vision of the company’s future, which is based upon distinct and people-driven services, skilled personnel and effectively digitised processes. Sentica has supported Ropo in developing the core business, merging with the information logistics provider Enfo Zender, and will continue to facilitate Ropo’s journey to the next level.

Sector: Credit management services
Sales: (2016 pro forma): €11 million
CEO: Artti Aurasmaa
Web: www.ropocapital.fi
Entry: 3/2016
Fund: Sentica Buyout IV
Deal team: Pentti Tuunala (case responsible), Johan Wentzel and Reeti Saarinen

Secto Automotive

Effortless car life.

Secto is recognized as an agile and flexible Finnish service company. Secto offers corporate customers what they are looking for, not only car leasing, but also payment plan options, fleet management tools as well as services for the car’s entire life cycle. Secto seeks for the best solution for its customers. Customers are satisfied and recommend Secto: “Surprisingly great service!”.

For Secto’s employees, the company is like a family. Daily work is driven by strong team spirit, inspiration and courage, not to mention passion towards cars. At Secto, the telephone is answered by a personal contact person, who remembers “oh yes, you had that Volvo..”

Sentica supports Secto’s strong growth and strategy, which is to act as the industry’s pioneer and reformer. Secto’s unique business concept has immense growth opportunities. 

Sector: Car leasing services
Sales: (2016): €141 million
CEO: Ville Alanen
Web: www.secto.fi
Entry: 3/2014
Fund: Sentica Buyout IV
Deal team: Liisa Harjula (case responsible), Aitor de la Torre and Johan Wentzel

Silta

From payroll to people, the road from routines to people leadership.

Silta is Finland's leading personnel and payroll expert. Silta offers a full palette of outsourced HR services to large and medium-sized companies operating in Finland. Silta is a community of top professionals set to handle your company’s HR outsourcing from a quick and efficient takeover process to timely and correct service production coupled with best of class reporting services. Silta’s core business, payroll outsourcing is often supplemented by travel, work time and work ability reporting services as well as other services aiming at increasing customers' competitivity and efficiency. Silta's own mobile application Simo provides payroll information directly to the employee. 

Under Sentica’s ownership Silta has developed into an independent company having been a subsidiary of Logica previously. The company has strengthened its market position as the leading HR partner producing services with customers’ chosen software, provided by leading third-party operators.

Sector: Payroll and HR services
Sales: (2016): €19 million
CEO: Tatu Tulokas
Web: www.silta.fi
Entry: 5/2012
Fund: Sentica Buyout III
Deal team: Christer Niemi (case responsible), Virva Vesanen and Aitor de la Torre

Sisco

Today’s most important living trends are detached-type environments, ecological living, connection to nature, compact living in moderate-sized apartments, and proximity to central areas where jobs are located. Many of these trends can be serviced through wood module and wood element construction, as its benefits include reduced construction time, high quality and affordable price, for example. Considering wood itself, which is one of the few truly ecological building materials, the list of the concept’s advantages expands to include factors such as better indoor air quality, recyclability, as well as low energy consumption during the lifecycle. Modular construction and the use of wood as building material is becoming increasingly popular worldwide.

Sisco Oyj is a residential construction company that specializes in solid wood structures as well as module and element solutions. The company focuses in the development of affordable and ecological solid wood residential buildings in Finland's growth centers. Sisco’s approach addresses many of the challenges induced by continuing urbanization. The quality, ecological sustainability and innovation in Sisco’s solutions matches the market’s demand today and in the foreseeable future.

With Sentica’s backing, Sisco will have even better resources than before to pursue its growth strategy. Sentica will support Sisco in scaling up the company’s core business and in developing the concept further.

Sector: Residential construction
Sales: (2016): 23 MEUR
CEO: Lauri Halminen
Web: www.sisco.fi
Entry: 11/2016
Fund: Sentica Buyout IV
Deal team: Johan Wentzel (case responsible), Eero Leskinen and Reeti Saarinen

Solteq

E-commerce changes and disrupts traditional ways of trading by enabling new distribution channels and business models.

The leading Finnish e-commerce solution provider, our portfolio company Descom, merged with Solteq in July 2015. The new entity is a fast growing visionary specialist and service partner in omnichannel and digital commerce.

During the period when Sentica was the majority owner of Descom, organic development and growth was supported by three acquisitions. Solteq continues its strong growth by creating new business to its clients and new ways to serve clients in the areas of purchasing, point of sales and e-commerce. 

Sector: IT services
Sales: (2016): €63 million
CEO: Olli Väätäinen
Web: www.solteq.com
Entry: 7/2009
Fund: Sentica Buyout III
Deal team: Mika Uotila (case responsible)

Tammermatic Group

One of the most important maintenance procedures of every vehicle, whether it is a car, an excavator or a train, is keeping it clean.

Tammermatic Group produces high quality washing solutions for car and heavy-duty vehicles e.g. buses and trains. Tammermatic’s car washing experience dates back to 1966. Today Tammermatic is known globally as an innovative pioneer and a technology leader.

Tammermatic has during Sentica’s ownership continued its international growth, and acquired in American InterClean Equipment, Inc in 2008 to strenghten its heavy-duty operations.

Sector: Vehicle and rolling stock cleaning solutions
Sales: (2016): €20 million
CEO: Juha Soutolahti
Web: www.tammermatic.com
Entry: 1/2007
Fund: Sentica Kasvurahasto II
Deal team: Christer Niemi (case responsible)

TerraWise

Population growth and urbanization place increasingly higher demands for developing the infrastructures of communities and the connections between them. Additionally, maintenance of existing structures requires continuous efforts in the renovation of properties, networks and traffic routes. As community structures are becoming denser, there is a growing need for specialized infrastructure construction expertise.

TerraWise is an experienced and trusted partner for various types of infrastructure construction projects. The company focuses on delivering demanding projects related to environmental construction and specialized quarrying, offering a complete set of services in each area. TerraWise’s key value proposition is based on expertise, high-quality results and commitment to agreed schedules.

Sentica’s ownership creates the opportunity to bring together companies that are best-in-class in their respective focus areas. TerraWise’s clients will benefit from this through a versatile service offering and an even better customer experience.

Sector: Infrastructure construction
Sales: (2016 pro forma): 60 MEUR
CEO: Juha Saapunki
Web: www.terrawise.fi
Entry: 12/2015
Fund: Sentica Buyout IV
Deal team: Timo Sarkki (case responsible), Eero Leskinen and Reeti Saarinen

Treston

For a better working environment.

Optimal working conditions are a must in every work place. Treston makes working effortless, ergonomic and more efficient by providing industrial furniture and workstations for different industries.

Treston has been designing and building worktables, storage bins and other industrial furniture for more than 40 years. Today Treston is one of Europe's leading manufacturers of state of the art industrial furniture and storage systems. About 65% of production is exported, mainly to Scandinavia and Central Europe. Treston has sales organizations also in Germany, France, UK, Sweden and USA.

Sentica aims together with management to strengthen Treston's position in industrial furniture in selected export markets.

Sector: Industrial furniture and storage systems
Sales: (2016): €38 million
CEO: Esa Siljander
Web: www.treston.com
Entry: 11/2011
Fund: Sentica Buyout III
Deal team: Eero Leskinen (case responsible) and Timo Sarkki

Ursviken Group

Industrial companies need first class machine tools to produce high quality products and services to their customers.

Ursviken has a long history as a leading producer of large press brakes. The company has delivered press brakes around the globe and is known for its unique efficiency and quality. Pivatic is part of Ursviken Group and manufactures sheet metal fabrication solutions. The company’s solutions are an optimal combination of efficiency and flexibility.

During the time that Sentica has participated in the development of the group, Ursviken Group has strengthened its sales and service network as well as maintained its position as a quality leader in the chosen product segments.

Sector: Sheet and heavy metal working solutions
Sales: (2016): €28 million
CEO: Tomas Johansson
Web: www.ursviken.com www.pivatic.com
Entry: 12/2005
Fund: Sentica Kasvurahasto II
Deal team: Eero Leskinen (case responsible), Christer Niemi and Mikael Autio

VMP Group

Sector: Staffing and HR services
Sales: (2016PF): €90 million
CEO: Heimo Hakkarainen
Web: www.vmpgroup.fi
Entry: 9/2017
Fund: Sentica Buyout V
Deal team: Liisa Harjula (case responsible), Mika Uotila, Virva Vesanen and Johan Wentzel