TLT Group gets Sponsor Capital as an investor in the company.

TLT Group, a Turku, Finland-based company providing energy infrastructure network solutions, announced getting into an agreement for selling 60% of the company to the private equity company Sponsor Capital.

The deal, which has the financial details undisclosed, involves that the current shareholders of the Group will continue as minority holders in the company with approximately 40 % ownership.

TLT-Group, founded in 2010 and led by CEO Miika Tuominen, is one of the leading suppliers of energy infrastructure network solutions in Finland. The company is a supplier of modern network solutions providing the most challenging telecommunications, electricity network and district heating network construction projects as well as planning and maintenance services. 

In total, in 2016, the total turnover was approximately 62 M€ and the group companies employs approximately 220 persons. The TLT Group companies are TLT-Building Oy, TLT-Engineering Oy, TLT-Connection Oy, Voiman Oy, Turun Asennus ja Luokkahitsarit Oy, Kaukolämpöputkitus Oy, Turun Linjatekniikka Oy and Maanrakennus Laiho Oy.