Type Public limited company Website www.sanitec.com Headquarters Helsinki Number of employees 7,004 Parent organization Geberit | Industry bathroom ceramics Revenue 752.8 million EUR (2012) Founded 1990 | |
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Key people Fredrik Cappelen (Chairman)
Peter Nilsson (President and CEO) Products bathroom ceramics, bathroom furniture
pre-wall flushing solutions
taps & mixers
bathtubs, showers Subsidiaries Keramag, Ifö Sanitär AB, Warneton Industrie Sa | ||
Sanitec spot tv www sanitecitalia com
Sanitec was a large European producer of bathroom ceramics generating an annual revenue of €753 million (2012). It was based in Helsinki, owned by the Swedish private equity firm EQT (has been owning 77.5% of Sanitec since 2009, 100% before) and owned several European ceramics brands with 18 production plants .
Contents
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History
Sanitec was established as a subsidiary of Wärtsilä in 1990. In 1999 Sanitec was listed on the Helsinki stock exchange. It was delisted on 1 November 2001 after being acquired by Pool Acquisition Helsinki Oy, a company Sanitec merged with on 31 March 2002. In the beginning of 2005 the merged company was completely acquired by EQT.
In February 2015, Sanitec was acquired by the Swiss firm Geberit for a fee of $1.4 billion.
Brands (year of becoming acquired by Sanitec)
References
Sanitec Wikipedia(Text) CC BY-SA