| Sanitec Oy (data valid until the acquisition by Geberit) | |
| Type: | Public limited company |
| Fate: | Acquired by Geberit |
| Foundation: | 1990 (as a Wärtsilä subsidiary) 1999 (listed on the Helsinki stock Exchange)[1] |
| Location: | Helsinki, Finland |
| Key People: | Fredrik Cappelen (Chairman) Peter Nilsson (President and CEO) |
| Industry: | bathroom ceramics |
| Products: | bathroom ceramics, bathroom furniture pre-wall flushing solutions taps & mixers bathtubs, showers |
| Revenue: | €752.8 million (2012)[2] |
| Operating Income: | €73 million (2012) |
| Num Employees: | 7,004(2012) |
| Subsid: | Allia, IDO, Ifö, Keramag Kolo, Koralle, Porsgrund Pozzi-Ginori, Selles Sphinx, Twyford Bathrooms Varicor |
| Homepage: | www.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.
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]