TLT Group Oy
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TLT Group Oy - overview
Established
2010
Location
Turku, -, Finland
Primary Industry
Telecoms
About
TLT Group Oy is a Finnish company specializing in integrated network solutions, particularly district heating and cooling systems, essential for modern infrastructure and energy management. Founded in 2010 in Turku, Finland, TLT Group Oy focuses on providing integrated solutions for district heating systems. The company was acquired by its management from Sponsor Capital in June 2019; specific financial terms of the deal were not disclosed. TLT Group has completed a total of 2 deals.
TLT Group specializes in integrated network solutions, focusing primarily on district heating and cooling systems. These systems serve as critical infrastructure for rapidly digitalizing societies, providing essential heating services vital for businesses and private consumers. The company’s core offerings include the planning, construction, and maintenance of district heating networks, aimed at enhancing service reliability and quality for clients, which primarily consist of municipal utilities and energy companies. By leveraging modern methodologies and effective project management expertise, TLT Group ensures that its solutions meet the diverse needs of its customer base while contributing to the efficient lifecycle cost management of network infrastructures.
The company's services are tailored to both local and international markets, specifically targeting regions in Northern Europe where district heating systems are prevalent. For the fiscal year 2021, TLT Group reported a revenue of USD 27. 66 mn and an EBITDA of USD 162,746. The revenue structure is primarily derived from B2B transactions, where the company engages with municipal utility providers and industrial clients in long-term partnerships.
These collaborations often involve project-based contracts for design and construction of network solutions, alongside ongoing maintenance agreements that provide steady income streams. Pricing plans reflect the scope and complexity of the services, with contractual arrangements structured to cover both upfront project costs and recurring maintenance fees. Flagship services include comprehensive management of district heating projects, ensuring that clients receive high-quality deliverables that adhere to predetermined timelines and performance standards, thus creating value for both direct clients and end-users. TLT Group's future growth strategy focuses on developing new products and expanding into new geographic markets.
The company aims to enhance its integrated solutions for district heating and cooling systems. Recent funding from the acquisition in June 2019 will support these initiatives, allowing for the exploration of innovative technologies and methodologies. Specific target markets for expansion include regions in Northern Europe where there is a significant demand for efficient heating solutions.
Primary Industry
Telecoms
Sub Industries
Telecoms Towers & Infrastructure, Telecoms Providers & Services
Website
www.tltgroup.fi
Total Amount Raised
Subscriber access only
TLT Group Oy - financials
| Fiscal Year Ended | Dec 31, 2010 | Dec 31, 2011 | Dec 31, 2012 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | - | 10,134,518.9 | - | - | 33,854,578.1 | 35,001,414.2 | 62,204,008.1 | 20,901,188.9 | 23,490,754 | - | - | - |
| % Revenue Growth (YoY) | - | - | (100.0%) | - | - | 3.4% | 77.7% | (66.4%) | 12.4% | - | - | - |
| EBITDA (USD) | (909.3) | 1,088,367.7 | (3,206.4) | (16,750.9) | 4,409,280.4 | 3,877,208 | 6,447,276.3 | 262,784 | 27,891 | - | - | - |
| Operating Income (USD) | (909.3) | 1,018,175 | (8,869.4) | (31,823) | 4,002,382.4 | 3,293,802.8 | 4,986,027.6 | 253,351.9 | 14,700 | - | - | - |
| Operating Margin | - | 10.0% | - | - | 11.8% | 9.4% | 8.0% | 1.2% | 0.1% | - | - | - |
| % EBITDA Margin | - | 10.7% | - | - | 13.0% | 11.1% | 10.4% | 1.3% | 0.1% | - | - | - |
| NET Income (USD) | (909.3) | 561,222.6 | 291,127.6 | 455,777 | 1,810,553.3 | 1,229,596.4 | 1,767,287.9 | 235,286.2 | (29,334) | - | - | - |
| % Net Margin | - | 5.5% | - | - | 5.3% | 3.5% | 2.8% | 1.1% | (0.1%) | - | - | - |
TLT Group Oy - 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sale to Management | Completed | TLT Group Oy | - | ||||||||
| Buyout | Completed | TLT Group Oy | - |
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