Citec Explained

Citec
Foundation:1984
Location City:Vaasa
Location Country:Finland
Locations:Finland, Sweden, India, France, Germany, Norway
Key People:Johan Westermarck (CEO)
Services:Engineering and Information management services
Revenue: €73 million (2020)[1]
Owner:, Winwest Oy and senior management
Num Employees:1000

Citec is a company that provides plant and product engineering, engineering consultancy as well as in technical documentation. The company trades within energy, process, oil & gas and machinery & equipment sectors.

The total number of employees is 1,000 and the turnover for 2020 was 73 million euros.

Citec is headquartered in Vaasa, Finland, and has offices in Finland, Sweden, Norway, France, Germany, India and Saudi Arabia.

The company Tri-Tech was founded in 1984 by Rune Westergård and Rolf Berg within the field of mechanical engineering.

During the first few years the company was a small engineering firm. In the early 1990s, a more rapid expansion phase began. Simultaneously as new lines of business emerged: environmental consultancy and technical documentation. These lines of business became two separate corporations in 1993 (Citec Environmental) and 2001 (Citec Information). In 2008, Citec Environmental became part of Citec Engineering Oy Ab.

In 2011 both companies - Citec Engineering Oy Ab and Citec Information Oy Ab – were consolidated into one group; Citec Oy Ab. A fund managed by Sentica Partners entered as the new majority shareholder with a 67 percent share and Martin Strand was appointed CEO as of June 1, 2011.

In conjunction with Martin Strand's retirement, Johan Westermarck was appointed CEO of Citec Group as of December 4, 2017.[2]

History

Notes and References

  1. Web site: Citec in brief . 22 March 2013 . Citec . https://web.archive.org/web/20130907234229/http://www.citec.com/CITEC/Company . 7 September 2013 . dead .
  2. Web site: 2017-11-21. Johan Westermarck appointed new CEO of Citec Group. 2022-01-03. Citec. en-US.
  3. Web site: 2019-06-18. Wärtsilä Gas Solutions outsources the Technical documentation and the piping and instrumentation diagram (P&ID) drafting processes to Citec. 2022-01-03. Citec. en-US.
  4. Web site: Outotec outsourced some project engineering activities to Citec. 2022-01-03. Metso Outotec. en.
  5. Web site: Cargotec sells its engineering centre in India and enters into long-term partnership with Citec.. 13 June 2014. https://web.archive.org/web/20140910233651/http://www.cargotec.com/en-global/macgregor/releases/Pages/cargotec-sells-its-engineering-centre-in-india-and-enters-1792506-Fri-13-Jun-2014-09-00.aspx. 10 September 2014. dead.
  6. Web site: Citec Acquires M7 Offshore. . 18 April 2015 . https://web.archive.org/web/20150419000332/http://www.citec.fi/en-US/Citec_acquires_M7_Offshore(390) . 19 April 2015 . dead .
  7. Web site: Citec Buys French Oil & Gas Engineering Consultancy Akilea. . 4 April 2013.
  8. Web site: Citec köper Vasaföretag (Citec buys Vaasa based company) .
  9. Web site: Citec establishes operations in Germany . 2013-04-04 . https://archive.today/20130629100425/http://www.goodnewsfinland.com/archive/news/citec-establishes-operations-in-germany/ . 2013-06-29 . dead .
  10. Web site: Sentica acquires stake in Citec . https://archive.today/20130701142520/http://www.fvca.fi/ajankohtaista/muiden_tiedotteet/sentica_acquires_the_majority_of_citec.210.news . 1 July 2013.
  11. Web site: Citec köper KPA Engineering . 2013-04-04 . 2016-03-05 . https://web.archive.org/web/20160305000442/http://www.energinyheter.se/2009/01/citec-koper-kpa-engineering . dead .
  12. Web site: Citec History . 22 March 2013 . Citec . https://web.archive.org/web/20130825050717/http://www.citec.com/CITEC/Company/Citec_History . 25 August 2013 . dead .

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