Canorama Oy has been acquired by Folmer Equity Fund I Ky

Canorama Oy has been acquired by Folmer Equity Fund I Ky

Printing, document management and IT support service company Canorama Oy is the first investment of Folmer Equity Fund I Ky managed by Folmer Management Oy.

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Seller: 
Canorama Oy
Industry: 
ICT / Technology
Buyer: 
Folmer Equity Fund I Ky
Industry: 
ICT / Technology

Printing, document management and IT support service company Canorama Oy is the first investment of Folmer Equity Fund I Ky managed by Folmer Management Oy.

Folmer Equity Fund I acquired the whole share capital of Canorama. Canorama, established in 1993 by its managing director Mikko Korvela, has offices in six cities: Kajaani, Kokkola, Kuusamo, Pietarsaari, Seinäjoki and Ylivieska. The Company offers comprehensive and individual product and service solutions to public administration customers and large and midsized companies. Canorama’s turnover in 2010 exceeded 9 M€ and EBITDA 1 M€. The number of employees is 45. Mr. Korvela will continue as managing director for the transitional period of the acquisition, till the end of July 2011. After that Mr. Korvela’s duties as managing director will be continued by sales director Martin Brandt who has served the Company since its establishment.

ProMan advised the Seller throughout the whole sales process.