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Business activity and description
Empower Oy is a leading service provider for the power, telecoms and industrial sectors in Finland and the Baltic countries. It was established in 1998, when Finnish energy producer Pohjolan Voima span-off its service operations into an independent legal entity which was subsequently acquired by 3i, Profita's Fund II Ky and management. Empower has established a market leading position in the Baltic and Finnish markets through a highly successful buy and build strategy. Empower's service offering consists mainly of (i) design, construction and maintenance of electricity and telecommunications networks, (ii) supporting IT systems and services and (iii) operation and maintenance services to energy producers, other large industrial companies and the public sector.
Deal Information
- Deal size:Undisclosed
- Deal type:SBO
- Turnover:€ 155 mln
- Bought from:3i and Profita II Ky
- Date of investment:November 2007
Investment rationale
Empower's management has a proven ability to expand the business and AAC Capital Partners see further opportunities to drive growth within the company's international expansion programmes, especially in the booming Russian market. There are also significant growth opportunities in new industry sectors, where Empower's expertise and experience in design, installation and maintenance of networks and industrial equipment can be put to use.
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