The entire capital stock of Pikval Oy has been sold to Pikval Group Oy, which is owned by venture capitalist Profita Management Oy and Pikval’s Managing Director Sami Kähärä. Former owners, in addition to Sami Kähärä, were Panvest Oy and Mr. Risto Summa, who was also the former Chairman of the Board. The ownership arrangement was funded by Pohjola Bank.
Trough these ownership changes, more economical and knowledge resources are ensured for achieving future strategic goals. The arrangement has no immediate effects on Pikval’s personnel.
The leading manufacturer of shop fittings in Finland
Pikval has its offices at Vaajakoski, Central Finland, and offers retail business chains and shops full service from the design of shop and furnishing concepts to the manufacture and installation of customized fittings.
Customer-specific product and concept development continue to form the core of Pikval’s operations. Customers include retail business chains, department stores and public spaces in Finland, Nordic and Baltic countries as well as Russia. Pikval has 110 employees and annual turnover was 22 million € in 2011.
Profita Management offers the company more resources for both its economical and personnel skills development. Profita is a Finnish venture capitalist, which focuses on SME-sector mergers and acquisitions as well as financing companies’ growth. Profita manages funds with over 100 million € and functions as an investor in 16 Finnish companies.
Growth expectations for foreign markets
All owners are committed to develop Pikval according to its strategy. The goal is to seek growth especially from foreign shop fittings markets, which offer interesting business opportunities for a company like Pikval.
For more information:
Sami Kähärä, Managing Director, Pikval Oy: Tel. +35840 761 4150
Juha-Matti Mikkola, Investment Manager, Profita Management: Tel. +35840 747 5258