Intera acquires Tamtron

Previous owner and CEO Pentti Asikainen will remain in his position and retain a share in the company.

The investor was convinced by the good performance of the business in global markets and the establishment of lasting customer relations in its core market. Intera also believes Tamtron has potential for further growth.

Tamtron has previously been in the hands of private equity owners, when SFK Finance bought the firm in 1994 from PR Capital.

The investment was made from the €200m Intera Fund II.

Debt
A debt structure was provided by Nordea and Tapiola.

Company
Tampere-based Tamtron is a developer and manufacturer of weighing applications and related information systems for industrial and logistics needs. Founded in 1972, the company's core markets are the Nordic region, Central Europe and China. Currently Tamtron employs approximately 200 people and is expecting a €25m turnover for 2011.

People
Martin Grotenfelt, Heikki Kivirinta and Tomi Terho worked on the transaction for Intera Partners.

Advisers
Equity - Hannes Snellman (Legal); Ernst & Young (Financial due diligence); Boston Consulting Group (Commercial due diligence), Translink (Corporate finance)

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• Topics
• Nordics
• Buyouts
• Industrials
• Finland