ITP Group
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ITP Group - overview
Established
1998
Location
-, -, Norway
Primary Industry
Outsourcing
About
Based in Norway, and founded in 1998, ITP Group operates as an international sourcing company, that specializes in handicraft & furniture with global sourcing network, depth of experience, market knowledge, product trend forecasting, and advanced technology. In 2006, Aars acquired ITP Group. ITP Group AS is an international corporation that offers its customers simpler business solutions. Nordic Bath, Colorful Craft, and GSC Solutions are the three business divisions of ITP Group.
The organization is dedicated to transparency, diversity, and trust, and all of its operations are ISO9001-2015 certified. The company is a B2B company that provides bathroom solutions, yarn and accessories for the handicraft industry, and supply chain management and competencies as a service for larger retailers.
Current Investors
Aars
Primary Industry
Outsourcing
Sub Industries
Consulting Services, Offshore IT Services/IT Outsourcing
Website
www.itp-group.org/
Total Amount Raised
Subscriber access only
ITP Group - timeline of key events
ITP Group - financials
| Fiscal Year Ended | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 99,680,172 | 137,160,593 | 156,279,020 | 186,389,473 | 167,888,059 | 219,018,626 | 213,079,169 | 248,120,216 | 316,935,970 | - | - | - |
| % Revenue Growth (YoY) | - | 37.6% | 13.9% | 19.3% | (9.9%) | 30.5% | (2.7%) | 16.4% | 27.7% | - | - | - |
| EBITDA (USD) | 1,015,974 | 3,204,012 | 9,080,530 | 19,716,880 | 10,196,766 | 14,069,795 | 1,155,340 | 6,355,921 | 11,993,645 | - | - | - |
| Operating Income (USD) | 222,386 | 2,385,575 | 8,075,168 | 19,054,020 | 9,545,453 | 13,449,049 | (3,197,517) | 2,604,402 | 8,054,022 | - | - | - |
| Operating Margin | 0.2% | 1.7% | 5.2% | 10.2% | 5.7% | 6.1% | (1.5%) | 1.0% | 2.5% | - | - | - |
| % EBITDA Margin | 1.0% | 2.3% | 5.8% | 10.6% | 6.1% | 6.4% | 0.5% | 2.6% | 3.8% | - | - | - |
| NET Income (USD) | (66,411) | 1,578,920 | 6,830,356 | 14,931,170 | 6,001,888 | 9,205,909 | (8,255,797) | (130,313) | 3,492,469 | - | - | - |
| % Net Margin | (0.1%) | 1.2% | 4.4% | 8.0% | 3.6% | 4.2% | (3.9%) | (0.1%) | 1.1% | - | - | - |
ITP Group - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| LP Direct | Completed | ITP Group | - |
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ITP Group - employee data
ITP Group - key contacts
| Name | Position | Start Date | End Date | Vcard | Bio | ||
|---|---|---|---|---|---|---|---|
| Board Member | BM |
BM Board Member
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