Sentica Partners acquires Arme

Finnish private equity investor Sentica Partners is acquiring Arme Oy from Panostaja Oyj, a public limited company focusing on investment activities, for an enterprise value of EUR 25.5 million. The CEO of Arme, Mr Jukka Pyykönen, remains as a shareholder with a 20‐per‐cent share in the company. Arme, which specialises in industrial insulation and scaffolding services, is aiming at rapid, organic growth by expanding the service offering as well as through acquisitions.

Attachments: Arme press release 3.7.2008