CITEC

Industrial investments are usually complex projects with tight schedules and require large financial resources. Therefore, it is crucial that the project proceeds as planned, and that production can be started in the estimated time frame.

Citec offers technical engineering and information management services to its customers, of which many operate in the energy, oil and gas sectors. The company can take care of a project’s engineering design or a part of it, depending on the customer’s need. The company is passionate about delivering the most valuable expertise in the most efficient way. Citec operates in 6 countries in Europe and Asia and utilizes its nearly 600 employee resources in India, offering its customers high quality expertise in demanding global projects.

During Sentica’s ownership Citec’s growth was accelerated through several add-on acquisitions within its core segments. Sentica exited the investment in August 2022 by selling shares to India-based listed global technology company, Cyient.

Sector: Technical consulting
Sales at exit: (2021): €77 million
CEO at exit: Johan Westermarck
Web: www.citec.com
Entry: 5/2011
Exit: 8/2022
Fund: Sentica Buyout III
Ownership at exit: 78.9%
Deal team: Johan Wentzel (case responsible), Antti Keränen and Kai Vesikallio