Ficonic Solutions Oy joins the Sitowise group
Sitowise Oy, a specialist consulting company for built environment planning and digital services, has acquired Ficonic Solutions Oy, an IT company based in Jyväskylä, Finland. Growing from a start-up to a service business employing 15 experts in just a few years, Ficonic Solutions Oy’s growth strategy is a success story.
“There is a growing demand for digital solutions for the construction industry and mobility applications. Ficonic and Sitowise have highly complementary skill sets, and Ficonic possess valuable expertise in IT solutions for mobility and traffic applications in particular. By joining forces, we can further enhance the foundation of our highly successful digital operations, which will play a key role in the future of the whole industry,” says Teemu Virtanen, vice president in charge of Sitowise’s Smart City business.
The CEO of Ficonic Solutions, Timo Salminen, also sees good reasons for the companies to merge: “Our customers will be presented with unique synergy when we combine built environment and mobility expertise with top IT talent.” Ficonic specialises in location-based digital services and mobile solutions for traffic applications and the automotive industry.
Jukka-Pekka Nikula, managing director of Midinvest Management Oy, is happy with the progress of Ficonic Solutions Oy: “Our fund has invested in Ficonic from the very start. The company has successfully grown from a start-up to a business that employs 15 people.”
Timo Salminen, managing director, Ficonic Solutions Oy, tel. +358 40 745 6821
Jukka-Pekka Nikula, managing director, Midinvest Management Oy, tel. +358 50 539 9378
Midinvest Management Oy is a private equity management company specialising in the ownership arrangements and growth funding of small and medium-sized enterprises. The biggest investors of the funds managed by Midinvest are Finnish institutional investors. Currently, the Midinvest funds have 15 target companies. www.midinvest.fi
Ficonic Solutions Oy is an IT service company that offers both custom digital services and productised solutions. Ficonic specialises in cloud environments, location-based digital services, and mobile solutions for traffic applications and the automotive industry. Founded in 2015, the company has 15 employees in Jyväskylä and Tampere in Finland. www.ficonicsolutions.com
Sitowise Oy is a specialist consulting company with 1,800 employees that provides all planning, expert, and digital services for built environments under one roof. Sitowise is one of the largest planning and consulting firms in Finland, a leading expert in diversified urban projects, and a pioneer in digital services, data-driven management, and data modelling. www.sitowise.com