Imagon Group added Juuri Partners as minority owners in the company.
Imagon Group, a Kajaani, Finland-based company providing illuminated signage services, announced that it entered into an agreement for adding Finnish private investor Juuri Partners as shareholder in the company.
The financial details of the transaction were not disclosed.
The private equity company will become a minority owner in Imagon Group alongside Okkonen family’s second generation (founder's two sons - Mika and Mikko Okkonen) and management team. Chairman of the Board Mika Okkonen, Production Director Mikko Okkonen, CEO Marko Mäkitalo and CFO Samuli Heikkilä will continue as shareholders in the company.
Imagon Group, founded in 1988 by Arto Okkonen, is a LED sign, shop milieu and digital signage company, operating in Finland, Sweden, Norway and Estonia. The company has 70 employees and a turnover of EUR 21M ($23.5M) from clients including ICA, Nordea, Power, or Trafikverket. Half of sales are generated in Sweden and Norway and the rest is coming from Finland. In 2019, the company acquired Finnish competitor Neonpoint Oy.