Finnish investor group, led by private equity investor Sentica Partners, has signed a contract to sell Elematic Group Oy to a private equity fund managed by Pamplona Capital Management. The management of Elematic maintains their shareholding of the company. Sentica and other investors acquired Elematic from Consolis in August 2006, where after the company has been able to increase the revenues by tens of percents, both organically and through acquisitions, up to almost 100 MEUR, and the EBIT has more than doubled. The contract is expected to be realized by the end of October, 2007.
Elematic Oy Ab
Airolantie 2 · P.O. Box 33
37801 Akaa, FINLAND
T +358 3 549511 · F +358 3 5495300