Finnish private equity investor Intera has invested in Tamtron and become the majority owner of the Group providing industrial weighing equipment. The Group CEO and previous main owner Pentti Asikainen will continue in his current role and keep a considerable ownership share in the company.
Tamtron, founded in 1972, has over three decades developed into a leading provider of digital weighing equipment and related information systems for industrial and logistics applications. Relying on in-house technologies and application know-how, Tamtron has sales in over 50 countries and a strong market position, through its subsidiaries, especially in the Nordic countries, Central Europe and China.
"Tamtron has performed well in the global markets and can offer advanced solutions for train, truck, industrial and onboard mobile weighing. With its strong know-how and competent professionals, Tamtron has succeeded in creating lasting customer relationships in its core markets. The prerequisites for further growth are excellent", says Intera's partner Martin Grotenfelt.
CEO Pentti Asikainen sees the expansion of the ownership base as very positive for the group. "Intera is a growth oriented owner who has the skills and interest to invest considerable resources in the expansion and continuous development of Tamtron. The company's competitive product portfolio, including WILD - a system for train wheel defection and overload monitoring and YES - a wheel loader weighing system, sets a strong base for organic expansion. With new owners we can also be more active in expanding our footprint in new markets through selected acquisitions", says Asikainen.
"Weighing solutions comprise an increasingly important part in complex logistic chains of commercial goods and raw materials. Tamtron's product portfolio will be further developed by emphasizing opportunities in e.g. location, wireless communication and RFID-identification based technologies", continue Asikainen and Grotenfelt.
Tamtron Oy, founded in 1972, is a Finnish developer and manufacturer of weighing applications and related information systems. Its current core markets are the Nordic countries, Central-Europe and China. The company is headquartered in Tampere, Finland and has approximately 200 employees. Estimated group revenue for FY 2011 is approximately 25 million.