Sanitec Oy (data valid until the acquisition by Geberit)
TypePublic limited company
Industrybathroom ceramics
Founded1990 (as a Wärtsilä subsidiary)
1999 (listed on the Helsinki stock Exchange)[1]
FateAcquired by Geberit
HeadquartersHelsinki, Finland
Key people
Fredrik Cappelen (Chairman)
Peter Nilsson (President and CEO)
Productsbathroom ceramics, bathroom furniture
pre-wall flushing solutions
taps & mixers
bathtubs, showers
Revenue€752.8 million (2012)[2]
€73 million (2012)[2]
Number of employees
7,004(2012)[2]
SubsidiariesAllia, IDO, Ifö, Keramag
Kolo, Koralle, Porsgrund
Pozzi-Ginori, Selles
Sphinx, Twyford Bathrooms
Varicor
Websitewww.sanitec.com

Sanitec was a large European producer of sanitaryware. 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. Annual revenue in 2012 was €753 million.

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.[1]

In February 2015, Sanitec was acquired by the Swiss firm Geberit for $US1.4 billion.[3]

Bidet by Kolo, a Sanitec subsidiary

Brands (year acquisition by Sanitec)[1][4]

  • Allia, France (1991)
  • IDO, Finland
  • Ifö, Sweden (1981)
  • Keramag, Germany (1991)
  • Kolo, Poland (1993)
  • Koralle, Germany
  • Porsgrund, Norway (1985)
  • Pozzi-Ginori, Italy (1993)
  • Selles, France
  • Sphinx, Netherlands (1999)
  • Twyford Bathrooms, United Kingdom (2001)
  • Varicor, Germany (1998)

References

  1. 1 2 3 Sanitec milestones Archived 2013-06-15 at archive.today
  2. 1 2 3 Preliminary Results 2012 Archived 2015-06-10 at the Wayback Machine
  3. ↑ Geberit says has acquired 99.27 pct of Sanitec shares. Reuters, 3 February 2015
  4. ↑ Sanitec brands Archived 2013-06-15 at archive.today
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