Finelcomp Oy

Finelcomp Oy is a Finnish company specializing in the production of low voltage enclosure structures for various applications, including electrical distribution and telecommunication systems. Founded in 1988 in Outokumpu, Finland, Finelcomp Oy manufactures low voltage enclosure solutions. The company was acquired by Kamic Group in November 2022, enhancing its capabilities in the electrical enclosure sector. The current CEO is Sami Heikkinen.

Finelcomp has engaged in 3 deals, with the most recent funding round being a Secondary Buyout of EUR 13. 40 mn, bringing the total amount raised to EUR 13. 40 mn. Finelcomp Oy specializes in the manufacturing of cost-effective low voltage enclosure structures suitable for both indoor and outdoor applications.

Their core product offerings include modular and universally compatible electrical distribution and telecommunication equipment enclosures, designed to meet the needs of various end users, from residential group distribution centers to heavy industrial machinery. Key product lines encompass E-Series (5000A) and F-Series (3150A) enclosure and switchgear systems, as well as S-Series, C-Series, and D-Series solutions for boxes, protective cabinets, and group distribution centers. These products ensure optimal installation in varying spaces and comply with IEC61439 standards. Finelcomp serves a diverse client base that includes major manufacturers and contractors in Europe and other international markets, delivering innovative solutions that enhance operational efficiency.

Finelcomp Oy generated revenue of EUR 15,320,144. 90 in 2023, with an EBITDA of EUR 2,966,942. 60. The company focuses on B2B transactions, primarily with electrical equipment manufacturers and contractors, selling its flagship products, such as the E-Series and F-Series enclosures, in bulk orders.

The revenue model emphasizes tailored solutions for specific project requirements, with pricing reflecting the complexity of orders and modular options offering design flexibility while ensuring efficient logistics and delivery systems. Following its acquisition by Kamic Group, Finelcomp plans to enhance its market presence by expanding into new geographic regions and developing new products to further its capabilities in electrical enclosure technologies. The acquisition complements Kamic Group's operations in the installation business area and is expected to strengthen Finelcomp's position in the market. Details about upcoming product launches and specific markets targeted for expansion have not been disclosed.