{"id":19537,"date":"2020-01-08T07:01:17","date_gmt":"2020-01-08T05:01:17","guid":{"rendered":"https:\/\/www.saurus.fi\/?p=19537"},"modified":"2020-01-08T07:07:34","modified_gmt":"2020-01-08T05:07:34","slug":"new-owner-for-saurus-and-vema-lift-to-strengthen-growth","status":"publish","type":"post","link":"https:\/\/www.saurus.fi\/en\/new-owner-for-saurus-and-vema-lift-to-strengthen-growth\/","title":{"rendered":"New owner for Saurus and Vema Lift to strengthen growth"},"content":{"rendered":"
\n
\n\t

Sievi Capital plc will own majority shareholdings in Saurus Oy and Vema Lift Oy under the terms of
\na transaction agreement signed on 7 January 2020. State-owned investment company Tesi (Finnish
\nIndustry Investment Ltd) is a co-investor in the transaction arrangements. Saurus and Vema Lift,
\nmanufacturers of firefighting and rescue vehicles, will in future form a newly founded corporate
\ngroup. The vendor, Kiitokori Group, will divest all ownership of the companies but will continue to
\nsupport their growth by providing additional capacity as a subcontractor.<\/p>\n

Saurus Oy\u2019s and Vema Lift Oy\u2019s strong product portfolios, existing customer relationships and brand
\nrecognition will enable accelerated growth to meet the market\u2019s growing demand. There will
\ncontinue to be considerable investment in both product development and production capacity. The
\nownership arrangements now agreed will form a strong framework for the new corporate group. A
\nnew-generation and long-sighted entrepreneur that can rejuvenate the business and accelerate growth
\nin the global market for rescue vehicles was sought for the companies.<\/p>\n

Rejuvenation and increased production will be achieved in the future also in a way that always
\nallows us to succeed together with our customers. Existing partnerships and cooperation platforms
\nform a springboard on which it will be a pleasure to build future operations. Kiitokori Oy\u2019s CEO
\nAntero Sirkka<\/strong> is involved to support continuity of business operations until a new CEO for the
\ncorporate group being founded has been appointed.<\/p>\n

Looking forward to our fruitful cooperation in the future.<\/p>\n

Saurus Oy<\/p>\n

Vema Lift Oy<\/p>\n

Information about the new owners:<\/p>\n

Sievi Capital is a listed (Nasdaq Helsinki) private equity investment company that invests in small
\nand medium-sized Finnish companies. Sievi Capital is a partner for portfolio companies\u2019
\nmanagement and co-owners that actively supports growth, profitability and value creation.
\nwww.sievicapital.fi<\/a><\/p>\n

Tesi (Finnish Industry Investment Ltd) is a state-owned investment company that wants to raise
\nFinland to the front ranks of renewing economic growth by investing in funds and directly in
\ncompanies. We invest profitably and responsibly, together with co-investors, to create the world\u2019s
\nnew success stories. Our investments under management total 1.2 billion euros. Ambition for
\nownership and success. www.tesi.fi<\/a> | www.dtg.tesi.fi<\/a> | @TesiFII<\/p>\n<\/div>\n<\/div><\/div><\/div><\/div><\/div>","protected":false},"excerpt":{"rendered":"

Sievi Capital plc will own majority shareholdings in Saurus Oy and Vema Lift Oy under the terms of a transaction agreement signed on 7 January 2020. State-owned investment company Tesi (Finnish Industry Investment Ltd) is a co-investor in the transaction arrangements. Saurus and Vema Lift, manufacturers of firefighting and rescue vehicles, will in future form […]<\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[42],"tags":[],"class_list":["post-19537","post","type-post","status-publish","format-standard","hentry","category-news"],"acf":[],"yoast_head":"\nNew owner for Saurus and Vema Lift to strengthen growth - Saurus<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.saurus.fi\/en\/new-owner-for-saurus-and-vema-lift-to-strengthen-growth\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New owner for Saurus and Vema Lift to strengthen growth - Saurus\" \/>\n<meta property=\"og:description\" content=\"Sievi Capital plc will own majority shareholdings in Saurus Oy and Vema Lift Oy under the terms of a transaction agreement signed on 7 January 2020. 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