Vaaka sells Sataservice in trade deal

The deal ends a four-year holding period for Vaaka, which acquired the business in May 2014.

Sataservice offers industrial maintenance in western and southern Finland. With the fresh capital, Quant intends to expand the business in Finland and other Nordic markets.

The operational organisation and management team of Sataservice will remain with Quant, with Sataservice CEO Thomas Luther leading Quant Finland and Baltics.

Previous funding
Vaaka acquired Sataservice in May 2014 via its €150m Vaaka Partners Buyout Fund II. Following the deal, the GP supported the firm's development in Finland and expansion across the Nordic countries. Sataservice's founders Tuomas Kaitila and Sami Yski retained a significant stake in the company following the transaction and continued to work with the company. This was a proprietary deal for Vaaka, which contacted the company's management directly.

Company
Established in 2003 and based in Rauma, south-west Finland, Sataservice provides maintenance services to companies operating in the food and technology industries in Finland.

People
Vaaka Partners – Reijo Grönholm (partner).
Sataservice – Thomas Luther (CEO).

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• Topics
• Exits
• Nordics
• Support services
• Finland
• Vaaka Partners Ltd (Formerly Pohjola)
• Trade sale