Citec

Citec provides competence, flexibility and cost efficiency by partnering in plant/product engineering & technical documentation. The total number of employees is 1,300 and the turnover for 2018 was 77 million euros. Citec is headquartered in Vaasa, Finland, and has offices in Finland, Sweden, Norway, France, Germany, Russia, India and Saudi Arabia.

Citec
Founded1984
Headquarters
Vaasa
,
Finland
Number of locations
Finland, Sweden, India, Russia, France, Germany, Norway, Saudi Arabia
Key people
Johan Westermarck (CEO)
ServicesEngineering and Information management services
Revenue €77 million (2018)[1]
OwnerSentica Partners, Citec founders and management
Number of employees
1000 [1]
Websitecitec.com

Founded in 1984, Citec consisted of two companies, Citec Engineering and Citec Information. In 2012 the two companies merged to form Citec Group.

History
  • 2014: Citec acquires Cargotec engineering India[2]
  • 2013: Citec acquires M7 Offshore[3]
  • 2013: Citec acquires Akilea Engineering[4]
  • 2012: Citec acquires S&V Analysis[5]
  • 2011: Citec acquires German system engineering business Imotion[6]
  • 2011: Sentica Partners acquires a majority stake in Citec (67%), merges Citec Engineering and Citec Information[7]
  • 2009: Citec Engineering acquires KPA engineering[8]
  • 2003: Citec India was founded[9]
  • 1984: Citec was founded[9]

References
  1. "Citec in brief". Citec. Archived from the original on 7 September 2013. Retrieved 22 March 2013.
  2. "Cargotec sells its engineering centre in India and enters into long-term partnership with Citec". Archived from the original on 10 September 2014. Retrieved 13 June 2014.
  3. "Citec Acquires M7 Offshore". Archived from the original on 19 April 2015. Retrieved 18 April 2015.
  4. "Citec Buys French Oil & Gas Engineering Consultancy Akilea". Retrieved 4 April 2013.
  5. "Citec köper Vasaföretag (Citec buys Vaasa based company)".
  6. "Citec establishes operations in Germany". Archived from the original on 2013-06-29. Retrieved 2013-04-04.
  7. "Sentica acquires stake in Citec".
  8. "Citec köper KPA Engineering".
  9. "Citec History". Citec. Archived from the original on 25 August 2013. Retrieved 22 March 2013.
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