Mitron Group Oy Ltd, based in Forssa, Finland, designs and manufactures passenger information and safety systems for trains, metros, trams, airports, railway stations, coach bays and urban bus stops. Its customers include railway companies across the Nordics and Europe (Finland, Sweden, Denmark, the Netherlands and Germany), leading rolling-stock manufacturers, and major European system integrators. The Group operates an exports office in the Netherlands and has existing country units in Germany and Poland. The company generated net sales of €9.5m in 2009 and employs approximately 100 people. The €3m investment from Finnish Industry Investment Ltd and Pension Fennia will enable it to strengthen its organisation in Finland and across Europe. Management plans to establish new country organisations to supplement its existing units in Germany and Poland, according to CEO Heino Ruottinen.

Total raised

$4M

Funding rounds

1

Latest round

Equity

Latest activity

Aug 2010