Citec - M&A Summary, Ownership, and Business Overview

EngineeringCompany

Citec M&A Summary

Citec has acquired 1 company of its own.

The Company’s most targeted sectors include construction (100%).

Citec Ownership

Who owns Citec?

Citec is owned by Cyient. It was acquired on April 25, 2022.

Was Citec formerly PE-backed?

Yes. Citec was formerly owned by 1 private investor.

Citec Business Overview

Where is Citec headquartered?

Citec is headquartered in Vaasa, Finland.

What is Citec’s revenue?

Citec disclosed revenue of 78M EUR for 2019 and 58M EUR for 2011.

What sector is Citec in?

Citec is an engineering company.

When was Citec founded?

Citec was founded in 1984.

M&A Summary

  • M&A Total Activity1
    • M&A Buy Activity1
  • Total Sectors Invested 1
  • Total Countries Invested 1

Citec

Citec Group Oy Ab

Silmukkatie 2,
Vaasa, 65101
Finland,
+358 (0)6 3240 700
www.citec.com

Citec provides technical design and information management services to its customers, many of which operate in the energy, oil, and gas industries. Citec was established in 1984 and is based in Vaasa, Finland.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 1 - - - - - 1
Sell (0.0/yr) # - - - - - - 0
  1

Most Recent M&A

Company Date Value Type
TGB Technisches Gemeinschaftsbüro GmbH 2014-02-04 - Add-on Acquisition
Kassel, Germany · www.tgb-kassel.de
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Construction 1 (100%) - - -
Total 1 - - -

By Geo

State/Country Buy Value Sell Value
Germany 1 - - -
Total 1 - - -

Company Summary

SECTOR

Engineering

Revenue

78   2019
58   2011
(millions of EUR)

Established

1984

Former Name

Citec Engineering Oy Ab

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Engineering Companies , Finland Companies

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