Dec 02, 2011 A fund managed by the private equity company, Sentica Partners, has acquired a majority of Treston Oy, a provider of furniture solutions for industrial and other technological environments. Over the next five years, the owners aim to build the Group’s net sales to over EUR 100 million through organic growth and add‐on acquisitions.
As a result of the transaction, a fund managed by Sentica Partners holds 60 percent of Treston Oy, while the previous owners retain the remaining 40 percent. Treston's operational management will continue in their current positions.
“Over the past few years, the Treston Group has sought considerable growth. Early in 2011 we made a significant move by acquiring Sovella Oy. Co‐operation with Sentica Partners is a logical step forward as part of the Group's growth strategy. Treston's resources will be substantially bolstered by Sentica, and the owner’s together aim to build the company into a leading European manufacturer of technical furniture and storage systems,” says Leo Saarikallio, Managing Director of Treston.
“Treston is an extremely well‐managed company that has been able to operate successfully and establish a strong market position, despite fluctuations in economic cycles. Sentica sees plenty of growth potential in Treston both on its existing markets and prospective ones," says Eero Leskinen, Investment Director for Sentica and now also Board Chairman for Treston.
As the acquisition aims to expand the Group in the European market, Sovella/Treston can expect to see an increase in market share in North America markets as well. "With Sentica as a partner, we strengthen the resources and growth potential of the group. The aim is to accelerate the growth of the group through organic sales growth and acquisitions, and strengthen our position in the North American market," says Saarikallio. Daily operations of Sovella/Treston will remain unchanged.
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