New dimensions in growth and partnership

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New dimensions in growth and partnership

Once again the end of the year is drawing close and I find myself reflecting over the many extraordinary turns of 2007. It has certainly been a year of unforeseen expansion.

In April, we went to Bauma with an entirely new concept of machine-free stands and the event was a huge success - a record-breaking number of contracts were signed during the trade show week. In September, the Finnish investor group led by private equity investor Sentica Partners that had acquired Elematic Group Oy in 2006, sold the company to a private equity fund managed by Pamplona Capital Management. The turnover of Elematic Group Oy has doubled in the past two years and the new ownership significantly strengthens our possibilities of continuing strong but controlled expansion, both organically and through acquisitions. Our starting point has always been that our customers' success in their own businesses is ours as well. Mutual success is only achievable through long-term cooperation and trust, where our clients can depend on us being able to always provide the most competitive solution. With the new ownership, our possibilities to do so improve further still. In fact, we are more than ever the leading one-stop-supplier, who can cater to our customers' every need, regardless of their factory's location or size. Caring is our core business and we aim to follow this guideline right from the first contact with a customer. We want to make you feel that we are genuinely interested in providing you with the answers you are looking for and optimizing your operations. In a nutshell, our principle is not what, but how. If we turn our attention to the construction industry in general, we can see that although building is a local matter, the industry's services are becoming more global. Growth is fastest in the so called recovering areas, such as India, China, and Brazil, where the construction industry is looking for quick building solutions. The answer increasingly lies in precast. The rising steel price makes steel construction an expensive solution, whereas the use of prestressed, precast elements is truly cost-effective, as the amount of steel is minimized. Similarly, the price of cement is climbing due to global shortage, and in precast factories the amount of cement can be optimized. Fossil fuels are becoming more expensive along with decreasing sources, which emphasizes the importance of properly insulated buildings for keeping the cold out, or the coolness inside. All things considered, the construction industry is on a fast track and success is seemingly easy with the abundant offerings available. However, it is still worthwhile to carefully consider who you select as your long-term partner and supplier. In the future, Elematic is investing even more strongly in product development, both financially and in terms of human resources. We are well prepared to take on new challenges and meet your requirements with innovative technological solutions and premium service. With an eventful, exciting year behind us, we all deserve a moment of peaceful relaxation. On behalf of myself and the Elematic personnel, I wish you all an enjoyable end-of-the-year season and a Prosperous New Year 2008. Leo Sandqvist CEO

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