Komas supplies complete products, subassemblies and individual components to customers within the metal, vehicle, defence and electronics industry. The company’s customers mainly operate in Northern and Western Europe. Komas was established in 2002, when Patria Comas Oy was acquired from Patria Group by the operative management and funds managed by private equity investor Midinvest Management. There has been a tenfold increase in Komas’ turnover since the original management buyout due to organic growth and several successful acquisitions.
Komas’ operations are divided into a machining group, assembly group, hydraulics unit and surface treatment unit. The Group’s estimated turnover for 2006 is in excess of EUR 90 million and it employs about 1,000 persons. In addition to seven facilities in Finland, the company has one significant production plant in Poland.
”As customers focus on their core competencies, outsourcing increases and the demand for mechanical manufacturing services is growing strongly. Komas is a leading company within the industry and it has developed exceptionally well during Midinvest’s investment period, measured both by turnover and profitability. Together with the management, we will continue to focus on Komas’ growth and profitability and further strengthen the company’s strategic position,” states Jan Mattlin, Investment Director at CapMan.
”The transaction is a favourable solution for the further development of Komas. I believe that the additional resources and the international network brought by CapMan will strengthen our position in the market now when we are according to our strategy developing from a domestic contract manufacturer into an international system supplier,” says Jukka-Pekka Nikula, Managing Director of Komas.
The transaction will be made on behalf of a new limited company that will own 100% of the shares of Komas Oy after the acquisition. CapMan funds will have an approx. 80% stake of the holding company and Jukka-Pekka Nikula approx. 20%. The investment in Komas is made by CapMan Buyout VIII and CapMan Mezzanine IV funds, in which CapMan Plc is a substantial investor.
For further information, please contact:
Jan Mattlin, Investment Director, CapMan Buyout, tel. +358 9 6155 8327 or +358 40 508 6406
Jukka-Pekka Nikula, Managing Director, Komas Oy, tel. +358 14 693 320 or +358 50 539 9378
Veli-Matti Helenius, Investment Director, Midinvest Management Oy, tel. +358 40 864 1281