Venture Capital firm Nordic Option together with the current leadership buy Screentec Oy.
Venture Capital firm Nordic Option and managing director Antti Tauriainen have jointly bought all the shares from the previous owners Jukka Ojala and Pasatel Oy.
Screentec is a High-Tech company founded in 1989. The company’s headquarters are located in Oulu, in the Rusko district and currently employs 24 people. The company is known for its expertise in the growing field of printed electronics and for its world-renowned customers that are leaders in their field. The company’s medical sector solutions have great potential for growth and Screentec is making considerable investments to ensure they have the very latest production technology and cleanrooms.
According to Screentec Oy founder and main owner, Jukka Ojala, the transfer of ownership has been a very successful solution for all parties involved.
As ownership of the company stays with the current management, Screentec can ensure the retention of its knowledge and expertise and can successfully complete its current projects. At the same time, the addition of a local investment firm allows for flexible investments to stimulate company growth and ensure that Screentec has the ability to meet the demands of both foreign and domestic markets. “It is good being able to retire, knowing that a healthy company will have a healthy future.” says entrepreneur Jukka Ojala.
Antti Tauriainen has worked in Oulu’s ICT industry since 2007. Mr. Tauriainen has been Sceentec Oy’s CEO since 2014 and has found new customers for the company’s production and service capabilities. Mr. Tauriainen expects the medical-sector to grow rapidly over the next four years, which will allow for new ways of operating in a traditionally conservative market.
The investment of capital will allow Screentec Oy to ensure that customer demands for production capacity can be met as well as insure channels to bring their products onto the market according to medical standards.
For Nordic Option, Screentec Oy is an important investment. Screentec fits well within Nordic Option’s existing portfolio, which already contains High-Tech companies in the Oulu area. Screentec Oy already has customers from Europe and the USA and expects its exports to grow significantly within the next few years.
Nordic Option CEO Jaakko Lampela is very happy about the deal that has been made and is eager to see Screentec continue to build towards its’ goal of being the largest supplier of the Nordic countries in its chosen medical product segment.
Nordic Option is a northern Finnish venture capital firm that invests in growing companies. Its’ main owners are Osuuskunta PPO, Partnera and the City of Oulu.
You can read the original article (in Finnish) HERE.