Vaaka Partners to boost Tietokeskus’ growth

Investments / Monday 17.10.2016

Tietokeskus Group, a Finnish provider of ICT infrastructure services, aims for continued growth by expanding its ownership base. Private equity investor Vaaka Partners is acquiring a 67 per cent interest in the company. Tietokeskus’ current management will continue as minority shareholders.

Tietokeskus has been growing at a fast pace over the past few years. During 2015–2016, the company’s net sales increased by 42 per cent to EUR 37 million. Vaaka Partners’ involvement will help continue this rapid growth pace. Tietokeskus aims to increase its net sales to EUR 100 million by 2020 both organically and through strategic acquisitions. With its customer-responsive approach, Tietokeskus will challenge other operators in the industry.

The company’s ambition is to grow into a nationwide provider in Finland and to recruit more top ICT infrastructure experts to continue its success story. Currently Tietokeskus employs about one hundred employees in the Helsinki area, Southwest Finland, the Satakunta region and the Pirkanmaa region.

“Our objective is to grow and expand operations substantially over the next few years in the constantly evolving ICT infrastructure market and to offer an increasing range of services to our customers. We came to the conclusion that Tietokeskus cannot achieve this on its own. Vaaka Partners’ excellent reputation and performance in supporting growth companies like ours speaks for itself. We wanted to find a partner with whom we can develop the business while at the same time retaining our customer-responsive business model. Vaaka Partners’ track record for this type of projects is impressive,” says Tietokeskus’ CEO Tuomas Kaukinen.

“We were convinced by Tietokeskus’ strong growth, customer orientation, skilled staff, entrepreneurial spirit and customer satisfaction as well as its impressive history. The ICT infrastructure markets are constantly expanding and change is continuous. Customers need to make critical choices regarding ICT architecture and technologies in order to maintain their competitiveness in an increasingly digital world. Customers need a company like Tietokeskus as their partner in this and to be able to focus on their core business,” says Panu Vuorela of Vaaka Partners.

Tietokeskus Group is a family-owned business founded in 1989. Tuomas Kaukinen will continue to serve as the CEO of the company. Tietokeskus’ customers include midmarket companies and public-sector organisations such as municipalities and cities.

The transaction is subject to approval by the competition authorities and is expected to be completed by the end of November.

Additional information:
Tietokeskus, Chief Executive Officer Tuomas Kaukinen, tuomas.kaukinen(a), tel. +358 (0)40 845 4012
Vaaka Partners, Panu Vuorela, panu.vuorela(a), tel. +358 (0)40 5100 952

Founded in 1989, Tietokeskus is a Finnish provider of comprehensive ICT infrastructure solutions, products and services. We employ more than one hundred experts in six regional offices that cater for the corporate and municipal sector and other customers requiring high-quality services. Tietokeskus’ RESURSSI concept is a scalable modular solution for all ICT infrastructure needs from individual projects to annual contracts. The core of our operations is a Finland-based data centre with a high standard of data security. Our main strength is first-rate customer service coupled with a close understanding of customer needs.

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