In June 2013, Sponsor Capital Oy and Espotel’s management, purchased the whole share capital of Espotel Oy. Espotel Oy’s sales were appr. 26 Million euro in 2012 and the Group had 278 employees. Gearshiftgroup acted as advisor to the seller.

 

Espotel is one of Finland’s largest companies in the embedded systems development space with seven outlets, of which six are located in Finland and one in Poland. The company provides R&D services as well as off-the-shelf products designed by it.

 

“This transaction creates Espotel an excellent opportunity to continue international growth and strengthen its capability to meet the needs of its international customers. Espotel’s field of business is in an interesting state and presents the company an opportunity to strengthen its position as one of the leading companies in this field in Nordic countries and Europe.”
Sponsor Capital’s Partner, Mr. Juhani Kalliovaara

 

Sponsor Capital Oy is a Finnish private equity firm founded in 1997. The firm makes mainly majority investments in Finnish mid-sized companies that have an excellent management, stable market position and predictable cash flow. Sponsor Capital operates responsibly and long term as well as in a strongly profit-oriented mode and believing in management’s entrepreneurial spirit. Large Finnish institutions invest their capital through Sponsor Capital.

”Espotel’s committed people will serve our clientele in the best possible way also in the future. My goal is to secure a high customer satisfaction as well as personnel satisfaction in the coming years. Naturally the company strives after profitable growth together with our customers”, Espotel’s new CEO, Mr. Kari Liuska.

 

For further information contact:

Juhani Kalliovaara, Partner, Sponsor Capital Oy
tel: +358 40 588 0100 , juhani.kalliovaara@sponsor.fi

Pertti Kauppinen, Founder, Espotel Oy
tel: +358 40 516 9302 , pertti.kauppinen@espotel.com

Kari Liuska, Espotel Oy’s new CEO
tel: +358 40 756 0285 , kari.liuska@espotel.com

Jyrki Laune, Gearshiftgroup, Head of M&A
tel: +358-40-7432391 , jyrki.laune@gearshiftgroup.com

 

For the full press release visit Espotel.com or Altassets.net .