The management (Thomas Hood and Christer Nordlund) of PlanMill Ltd together with Sentica Partners Oy acquires the businesses of PlanMill Ltd from TJ Group Oyj to a newly formed company. The new company will continue and develop the acquired businesses under the name of PlanMill Oy. Thomas Hood will continue as CEO and Investment Director Jouko Pelkonen will become the Chairman of the Board for the new company.
The annual net sales of the acquired business was 0,85 million euros and operating result was 73 thousand euros in 2005, according to IFRS standards.
All customer accounts and businesses of PlanMill Ltd will transfer to the new company. All personnel of PlanMill Ltd will be employed by the new company with continued employment terms.
”This is a very positive move for PlanMill’s businesses. We will continue using the well-known PlanMill name and the new ownership arrangement will guarantee us means for long-term business development. We will now pursue faster growth in the rapidly growing PSA-marketplace. We have just released the next generation release 10 of PlanMill PSA-software (www.planmill.com), which will give us a kick-start to offer our customers faster and more flexible solutions for cost-effective deployment. Our solutions enhance their service- and project-related businesses, choosing either of our flexible deployment options that are Online (ASP) and On-Premise (own IT environment) “, says Thomas Hood, the major shareholder of the new startup.
Sentica Partners Oy strongly believes in the growth possibilities of PlanMill businesses in Finland and internationally. ”PlanMill’s business is in good shape and PlanMill has a strong account portfolio as well as highly experienced and skilled personnel, that offers an attractive ground for future growth.”, says Jouko Pelkonen, Investment Director at Sentica Partners.