Citec

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.

Citec
Founded1984
Headquarters
Vaasa
,
Finland
Number of locations
Finland, Sweden, India, France, Germany, Norway
Key people
Johan Westermarck (CEO)
ServicesEngineering and Information management services
RevenueIncrease €73 million (2020)[1]
OwnerSentica Partners, Winwest Oy and senior management
Number of employees
1000[1]

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 1990's 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
  • 2019: Wärtsilä Gas Solutions outsources Technical Documentation and P&ID Processes[3]
  • 2018: Outotec outsources 59 experts in Germany[4]
  • 2014: Citec acquires Cargotec engineering India[5]
  • 2013: Citec acquires M7 Offshore[6]
  • 2013: Citec acquires Akilea Engineering[7]
  • 2012: Citec acquires S&V Analysis[8]
  • 2011: Citec acquires German system engineering business Imotion[9]
  • 2011: Sentica Partners acquires a majority stake in Citec (67%), merges Citec Engineering and Citec Information[10]
  • 2009: Citec Engineering acquires KPA engineering[11]
  • 2003: Citec India was founded[12]
  • 1984: Citec was founded[12]

References
  1. "Citec in brief". Citec. Archived from the original on 7 September 2013. Retrieved 22 March 2013.
  2. "Johan Westermarck appointed new CEO of Citec Group". Citec. 2017-11-21. Retrieved 2022-01-03.
  3. "Wärtsilä Gas Solutions outsources the Technical documentation and the piping and instrumentation diagram (P&ID) drafting processes to Citec". Citec. 2019-06-18. Retrieved 2022-01-03.
  4. "Outotec outsourced some project engineering activities to Citec". Metso Outotec. Retrieved 2022-01-03.
  5. "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.
  6. "Citec Acquires M7 Offshore". Archived from the original on 19 April 2015. Retrieved 18 April 2015.
  7. "Citec Buys French Oil & Gas Engineering Consultancy Akilea". Retrieved 4 April 2013.
  8. "Citec köper Vasaföretag (Citec buys Vaasa based company)".
  9. "Citec establishes operations in Germany". Archived from the original on 2013-06-29. Retrieved 2013-04-04.
  10. "Sentica acquires stake in Citec". Archived from the original on 1 July 2013.
  11. "Citec köper KPA Engineering". Archived from the original on 2016-03-05. Retrieved 2013-04-04.
  12. "Citec History". Citec. Archived from the original on 25 August 2013. Retrieved 22 March 2013.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.