THE OWNERSHIP OF SATRON INSTRUMENTS WAS RESTRUCTURED

20.10.2015

As a result of the restructuring of ownership, the funding status of Satron Automation was strengthened, as Pikespo Invest Oy became a minor owner of the company. TJB-Yhtiöt Oy, a company owned by Timo Blom and his family, will continue as the majority owner of the company. The arrangements were carried out via Satron Automation Oy, which bought the entire capital stock of Satron Instruments.

These arrangements will have no effect on the operative functions of Satron Instruments. The products, services and customer support provided by the company to its customers will remain unchanged. The company will also continue developing new products and engaging in development projects closely related to its activities similarly as before.

The business activities of Satron Instruments have been steadily growing in recent years, and the company has a strong order book in all of its business areas. The biggest obstacle that the company has faced has been caused by poor availability of working capital, which was considerably strengthened by the rearrangement.

“In recent years, we have been growing while retaining our profitability and have excellent conditions for continuing on the same path. Expanding the ownership base will provide us with even better prerequisites for engaging in profitable business activities, developing our operations, and growing our market share”, says Timo Blom, the CEO of Satron Instruments. Moreover, the expansion of the ownership base enables the company to assume an active role in future arrangements in the sector.

The company’s customers and staff have taken the news about the ownership arrangements highly positively”, notes Timo Blom.

“Our operations have always been based on long-term customer relationships, and persistent and collaborative development work. The currently realised arrangements will strengthen the prerequisites of Sarton Instruments to develop new indicators that will improve the profitability of our customers”, says Esko Teerikorpi, the Chair of the Board of Satron Instruments.

Satron Instruments develops, designs and manufactures innovative process instruments and smart measurement devices for the purposes of industrial operators. The company’s product range includes tools to measure pressure, differential pressure, turbidity, density, content, colour, temperature and liquid level. The company also provides progressive installation solutions for various applications, which can be cost-effectively implemented in existing process measurements.  Satron’s products are used in over 60 countries all over the world in paper, pulp, food and chemical industry. The company has distributors in 25 counties around the world. Of the company’s turnover, 38% originates from the Finnish market, 30% from export to the EU territory, and the remaining 32% from outside the EU all around the world.

Pikespo Invest Oy is a private equity fund established in 1985. Canelco Capital is responsible for managing the fund. In line with its investment strategy, Pikespo Invest Oy primarily makes minority investments in the ownership and succession arrangements in the SMEs in the Pirkanmaa and Häme regions. In its investment activities, the company is focused on company acquisitions by the management in SMEs, and other business restructuring.

For more information about the restructuring, contact:

Timo Blom, CEO, tel. +358 400 623 738
Esko Teerikorpi, Chair of the Board, tel. +358 40 580 6111
Mikko Kuparinen, CEO, Canelco Capital Oy, tel. +358 400 606 055

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