Finnish Industry Invest funds Mitron Group
Finnish Industry Investment, along with Pension Fennia, have invested EUR 3 million in passenger information and safety system developer Mitron Group Oy Ltd.
Mitron designs and manufactures information and safety systems for trains, metros and trams, as well as for airports, railway stations, coach bays and urban bus stops. Display panels at stations, for instance, give passengers timetable information in real-time.
Customers in the Nordic countries and elsewhere in Europe include the railway companies of Finland, Sweden, Denmark, the Netherlands and Germany, leading manufacturers of railway rolling stock, and Europe’s leading system integrators.
Mitron Group’s head office is in Finland. The Finnish subsidiary Mitron Oy has a head office and production in Forssa and a branch office in Tampere, both in Finland. Mitron Group has subsidiaries in Germany and Poland and an exports office in the Netherlands. The Group generated net sales of EUR 9.5 million in 2009 and currently employs approximately 100 people.
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| Fund | Finnish Industry Investment |
| Portfolio Company | Mitron Group |
| Date of Transaction | 2010-08-10 |
| Transaction | Acquisition |
| Seller | |
| Buyer | Finnish Industry Invest, Pension Fennia |
| Size of Transaction | EUR 3.0m |
| Ind. Focus | Industrial |
| Geography | Finland |
| Stage | Small/mid-cap buyout |