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Eqvitec funds have exited from Teletekno Oy


The funds managed by Eqvitec Partners Oy have sold their stake in Teletekno Oy, a Finnish supplier of telecommunication and network products, to Onninen Oy.

Teletekno Oy is a Telecommunication technology and professional electronics expert which combines the technical wholesale trade and own production in Finland and the Baltic countries. Additionally Teletekno operates in Norway and Russia.

Teletekno offers solutions to build telecommunication networks, equipment for measuring, business communication and components for the electronics industry.

Onninen Oy is a family-owned company and one of the leading materials service companies in its business region. Their customers are contractors in the electrical, HEPAC and refrigeration sector, industry, energy utilities, public organisations and technical product retailers. They provide over 2,750 jobs in our operations in Finland, Sweden, Norway, Poland, Russia, Estonia, Latvia and Lithuania.

“This is very much in line with our strategy of developing our portfolio companies to grow into new markets” says Markku Puskala, Senior Partner in Eqvitec Partners Oy.

Eqvitec funds acquired Teletekno shares in 2001. “Now the sale to Onninen was very suitable continuation for Teletekno operations” says Puskala.

“This acquisition will give Teletekno Oy significant new opportunities for example in carrying out large partnership projects” says Paul-Erik Sjöman, Managing Director of Teletekno Oy.

Further information:
Markku Puskala, senior Partner
Eqvitec Partners Oy
markku.puskala@eqvitec.com, Tel +358 50 336 0448

Paul-Erik Sjöman, Managing Director
Teletekno Oy
paulerik.sjoman@teletekno.fi, Tel +358 400 508 243

Eqvitec Partners Oy is one of the largest technology focused venture capital firms in Northern Europe. The company was founded in 1997 and employs 16 investments professionals in Helsinki and Stockholm. Eqvitec Partners currently advises five funds with a total capital base of 440 million euros. The funds invest mainly in early and growth phase technology companies. At the moment the funds have investments in 40 technology companies and have successfully carried out 25 exits. More information can be found at www.eqvitec.com.
xx


Publisher Contact Information:

EQVITEC Partners Oy
+358 50 336 0448
markku.puskala@eqvitec.com

Company profile of EQVITEC Partners Oy
Past press releases of EQVITEC Partners Oy.

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