Sanitec

Sanitec Oy (data valid until the acquisition by Geberit)

Type	Public limited company
Industry	bathroom ceramics
Founded	1990 (as a Wärtsilä subsidiary) 1999 (listed on the Helsinki stock Exchange)
Headquarters	Helsinki, Finland
Key people	Fredrik Cappelen (Chairman) Peter Nilsson (President and CEO)
Products	bathroom ceramics, bathroom furniture pre-wall flushing solutions taps & mixers bathtubs, showers
Revenue	€752.8 million (2012)
Operating income	€73 million (2012)
Number of employees	7,004(2012)
Subsidiaries	Allia, IDO, Ifö, Keramag Kolo, Koralle, Porsgrund Pozzi-Ginori, Selles Sphinx, Twyford Bathrooms Varicor
Website	www.sanitec.com

Sanitec was a large European producer of bathroom ceramics gernerating 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 .

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)

• 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, U.K. (2001) 100 px
• Varicor, Germany (1998)

File:Bidet Ego Kolo.jpg

Bidet by Kolo, a Sanitec subsidiary

External links

• Sanitec homepage