Group of investors and Viafin’s management acquired Viafin Oy
The management of Viafin Oy together with a group of investors have acquired 20.8. full ownership of Viafin Oy. As result of the acquisition Viafin Group Oy now forms the new parent company of Viafin. The management consists of long-term key personnel in the Viafin Group, who have also previously acted as significant owners in the company. Minority investors are Finnish family companies. Private equity funds managed by Vaaka Partners Oy have sold all of their shares in the transaction.
”Viafin has shown considerable growth in the past few years and this acquisition gives Viafin great new options to continue its long-term business development. The market situation of our main customers, our competent personnel and the strong trust of our customers convinced the new owners of the competence and potential of the company. We see the market situation as very positive and areas of business where we operate enable great opportunities for strong organic growth. Management’s ownership together with successful family companies is an excellent combination of ownership for the continuing development of the company. Through the arrangement Viafin Group continues to strengthen its position in the main market areas of Scandinavia” – states the Viafin Group CEO Marko Sipola.
“Viafin has performed very well and been able to grow in a challenging economic situation. We are pleased that we have found a strong domestic owner for the company”, says Vaaka Parters Oy’s partner Ilkka Pentikäinen.
Marko Sipola, CEO, Viafin Group Oy, mob. +358 50 371 4663
Ilkka Pentikäinen, Partner, Vaaka Partners Oy, mob. +358 400 217 671
Viafin Group is a process industry supplier and has specialized in the manufacture of pulp towers, pressure vessels and industrial piping assemblies. Viafin serves its customers in energy, pulp & paper and process industries. In addition to various offices in Finland, Viafin also has activities in Sweden and Estonia. The main offices in Finland are located in Lappeenranta, Teuva and Kurikka. The annual turnover of Viafin Group is approximately EUR 60 million and Viafin employs approximately 300 industry professionals.
More information www.viafin.fi