Sentica acquires Treston
A fund managed by the private equity company, Sentica Partners, has acquired a majority of Treston Oy, a provider of furniture solutions for industrial and other technological environments. Over the next five years, the owners aim to build the Group’s net sales to over EUR 100 million through organic growth and add-on acquisitions.
As a result of the transaction, a fund managed by Sentica Partners holds 60 percent of Treston Oy, while
the previous owners retain the remaining 40 percent. Treston's operational management will continue in
their current positions.
“Over the past few years, the Treston Group has sought considerable growth. Early in 2011 we made a
significant move by acquiring Sovella Oy. Co-operation with Sentica Partners is a logical step forward as
part of the Group's growth strategy. Treston's resources will be substantially bolstered by Sentica, and the
owner’s together aim to build the company into a leading European manufacturer of technical furniture
and storage systems,” says Leo Saarikallio, Managing Director of Treston.
“Treston is an extremely well-managed company that has been able to operate successfully and establish a
strong market position, despite fluctuations in economic cycles. Sentica sees plenty of growth potential in
Treston both on its existing markets and prospective ones," says Eero Leskinen, Investment Director for
Sentica and now also Board Chairman for Treston.
As the acquisition aims to expand the Group in the European market, Sovella/Treston can expect to see an
increase in market share in North America markets as well. "With Sentica as a partner, we strengthen the
resources and growth potential of the group. The aim is to accelerate the growth of the group through
organic sales growth and acquisitions, and strengthen our position in the North American market," says
Saarikallio. Daily operations of Sovella/Treston will remain unchanged.
For more information, please contact:
Eric Dotson, General Manager, Sovella US
Tel.: 770.424.0004, email: eric.dotson@sovella.com
Sentica Partners Oy
Sentica is an independent private equity company focusing on acquiring and developing Finnish small and mid-sized companies. The
funds under Sentica’s management amount to some EUR 180 million with fund investors consisting of Finnish institutional investors and
high-quality European fund of funds. www.sentica.fi
Treston
Founded in 1969, Treston is a company providing its customers with furniture solutions for industrial and other technological
environments. The Group’s operations are divided in two main product lines: Industrial Furniture and Storage Systems. The company’s
headquarters are located in Turku, Finland. Besides Finland, Treston also operates in other countries such as Sweden, Norway,
Germany, France, the UK, USA, Canada, Mexico, the Caribbean, Poland and China. The Treston Group has a staff of around 320
people, and in 2011 its net sales amounted to EUR 53 million. www.treston.com
Sovella US
The company has a strong product range in industrial furniture for mechanical engineering industry and workshops. Sovella also
delivers large furnishing projects e.g. for electronics industry. Sovella Group’s net sales totalled EUR 20 million in 2010. The Group has
about 140 employees. Sovella Oy’s Head Office and factory are based in Jyväskylä, Central Finland. The company has subsidiaries in
Germany, France and in the USA, and sales offices in the Netherlands and China. www.sovella.com www.sovella.us
