CANELCO BREAKS AWAY FROM TIMACO OY

07.01.2016

The secession was implemented as internal arrangements by the owners, resulting in 100% ownership of Timaco Oy by its entrepreneurs and main owners, Jouko and Kristiina Tiainen, and their children. During the period that Canelco’s funds owned Timaco, the company tripled its turnover and number of staff, making it one of the leading contracting workshops in North Savo, Finland.

  

The Tiainen family and the funds managed by Canelco gained ownership of Timaco in 2008. The company works as a contracting workshop with 60 employees in Iisalmi, Finland, and offers small and medium-sized pieces with high quality and accuracy for companies in the mechanical engineering and technology sectors. The company’s turnover is around EUR 5.5 million. 

“In 2008, the funds enabled succession arrangements at Timaco, and the funds have also contributed to the company’s life cycle. The current arrangements are very fitting to Timaco’s current development stage, and the company has excellent opportunities for continuing on the path of profitable growth”, summarises Mikko Kuparinen, the CEO of Canelco Capital.

“Our goal is to continue growing and providing high-quality services for the leading export companies in Finland. During the ownership by Canelco’s funds, we were able to considerably step up and increase the company’s operating capacity and ability. This is a great starting point for continuing to build the enterprise as a family company”, notes Jouko Tiainen, the company’s CEO.

Inquiries:

Mikko Kuparinen, CEO, Canelco Capital Ltd, Tel: +358 400 606 055, e-mail:  mikko.kuparinen@canelco.fi

News archive

10.09.2020
Canelco clarifies its brand strategy

06.05.2019
Canelco Capital involved in carrying out the change of ownership of Raskaspari Oy, a retailer of Volvo and Renault Trucks

08.04.2019
CANELCO BREAKS AWAY FROM GEOMACHINE OY

31.01.2019
SWEDISH HANZA ACQUIRES TOOLFAC OY TO ITS FINNISH BUSINESS CLUSTER

05.10.2018
KPA UNICON DELIVERS A POWER PLANT TO THE ARCELORMITTAL STEELWORKS IN BOSNIA–HERZEGOVINA

03.09.2018
PIXMILL MERGES WITH FAST DISPLAY: ERKI REIMANN TO MANAGE PIXMILL ESTONIA

02.02.2018
NEW BUSINESS MODEL BRINGS MAJOR INVESTMENTS IN FINLAND – KPA UNICON AND INFRANODE HAVE ESTABLISHED A JOINT VENTURE, VARMALÄMPÖ OY

08.01.2018
KPA UNICON AND RANTOTEK OY START 2018 IN CLOSE COOPERATION

24.10.2017
SSG AND KPA UNICON BECOME PARTNERS

01.04.2017
TOIVAKKA TIMBER, AN ANAIKA WOOD SUBSIDIARY, HAS ACQUIRED THE BUSINESS OF TOIVAKAN PUUTUOTE OY

31.03.2017
SSG ACQUIRES THE BUSINESS OF MEK FIELD ENGINEERING

03.03.2017
Trimble Acquires Savcor Oy and Silvadata to Expand  
its Global Reach and SaaS Solutions for the Forest Industry

03.03.2017
CANELCO BREAKS AWAY FROM SAVCOR OY

21.02.2017
ANAIKA WOOD GROUP LTD SELLS KEVÄTNIEMI PLANT IN LIEKSA TO BINDERHOLZ NORDIC OY

20.12.2016
CANELCO BREAKS AWAY FROM PLANMILL OY

10.11.2016
BITTIUM ACQUIRES MEGA ELECTRONICS LTD

16.09.2016
ENERGY SOLUTION SUPPLIERS KPA UNICON AND RENEWA JOIN FORCES

07.01.2016
CANELCO BREAKS AWAY FROM TIMACO OY

30.12.2015
CANELCO TO ACCELERATE THE GROWTH OF ENERMIX OY

30.11.2015
LEMTAPES OY BUYS THE HOT MELT STRING BUSINESS OF EMPORT OY

20.10.2015
THE OWNERSHIP OF SATRON INSTRUMENTS WAS RESTRUCTURED

15.04.2015
VIAPAQ, A COMPANY FROM THE NETHERLANDS, ACQUIRED TEPCOMP OY

27.02.2015
MARVACO CONTINUES EXPANDING IN SWEDEN AND INVESTS IN GROWTH IN THE NORDIC COUNTRIES

12.01.2015
ANAIKA WOODS’ LIEKSA UNIT TRANSFERRED TO CARELIAN FOREST PRODUCTS

07.01.2015
ITÄ-SUOMEN RAHASTO OY AND INDEKON OY MERGED AS SAIMAA CAPITAL OY ON 31 December 2014