Citec India

In 2011 both companies, Citec Engineering Oy Ab and Citec Information Oy Ab, were consolidated into one – Citec Oy Ab.

The same year, a fund managed by Sentica Partners entered as the new majority shareholder with a 67 percent share. Today the ownership of Citec is as below:

Majority share holder Sentica Partners owns 67%
Citec’s founder Rune Westergård owns 20%
The remaining 13% is owned by Citec management.