Canorama Oy, owned by Folmer Management Oy managed Folmer Equity Fund I Ky, expands its business geographically and increases its product and service offering by acquiring 100 % of the shares of IT solution and service provider DataPro Palvelut Oy.
DataPro Palvelut Oy offers comprehensive IT solutions and services for public and private sector customers’ IT environments. The company operates in Järvenpää, Riihimäki, Hämeenlinna and Helsinki. DataPro Palvelut Oy’s turnover in 2012 was about 6 Meur.
Canorama Oy is specialized in data management, storage and distribution solutions and services targeted for local customers. Canorama Oy’s turnover in 2012 was about 10 Meur. Folmer Management Oy is a private equity company investing in Finnish small and medium size companies. The largest investors of Folmer’s funds are i.a. Suomen Teollisuussijoitus Oy, Kasvurahastojen Rahasto Ky and Keskinäinen Henkivakuutusyhtiö Suomi.
After the acquisition DataPro Palvelut Oy’s founder Ossi Huttunen will, after the transition period, concentrate on new challenges and finish working for the company. DataPro’s co-founder Pertti Suutarinen will continue actively to develop the company. “Canorama and Folmer offers a dynamic partnership for DataPro, which enables an even more extensive and comprehensive service network for our customers”. Commented DataPro’s CEO Ossi Huttunen.
“DataPro will strengthen Canorama even further, broaden its business geographically and complement the service offering”. Folmer’s partner and CEO Sami Tuominen comments. “DataPro’s personnel’s service attitude fits perfectly to the Canorama way of working and thinking”. Folmer’s partner and private equity director Johanna Marin continues.
ProMan advised the Sellers throughout the whole sales process.