Fidelix Oy
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Fidelix Oy - overview
Established
2002
Location
Vantaa, -, Finland
Primary Industry
Electronics
About
Fidelix Oy specializes in smart indoor climate management and building automation solutions, promoting efficiency and sustainability across various sectors. Their innovative technology enhances operational performance in building management systems. Founded in 2002, Fidelix Oy is based in Vantaa, Finland, and focuses on providing advanced building automation systems. The company successfully transitioned its business strategy over the years to enhance its offerings.
Tero Kosunen currently serves as the CEO. In December 2020, Assemblin AB acquired Fidelix from Procuritas Partners as part of a move to strengthen their building automation portfolio. Fidelix specializes in smart indoor climate management and building automation solutions designed to enhance productivity, sustainability, and cost efficiency within diverse facilities. Their offerings include a range of building automation systems, customized OEM solutions, and energy optimization tools, all leveraging advanced technologies such as open protocols like Modbus and BACnet.
These solutions enable users to effectively monitor and control HVAC, lighting, and other critical systems, catering to a diverse clientele that includes building owners, property managers, system integrators, and construction contractors across Europe and North America. In the most recent year, Fidelix achieved a revenue of USD 35. 25 mn, with an EBITDA of USD -816,520. The company primarily generates revenue through B2B sales of its building automation products and services, which include both one-time purchases of hardware and ongoing software subscriptions and maintenance services.
This structure fosters long-term relationships with clients and ensures sustained demand for their innovative products. Fidelix plans to leverage its acquisition by Assemblin AB to broaden its product range and deepen its service offerings in building automation. Although specific new products and their release timelines have not been disclosed, the company aims to expand its market presence, particularly in regions where Assemblin is established. The rationale behind the acquisition highlights a commitment to enhancing automation capabilities, which will be supported by resources and expertise from Assemblin.
The integration process is expected to drive innovations and improve market competitiveness.
Current Investors
Triton, Assemblin AB
Primary Industry
Electronics
Sub Industries
Electronic Components, Monitoring & Security Software
Website
www.fidelix.fi
Verticals
IoT (Internet of Things)
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Fidelix Oy - timeline of key events
Fidelix Oy - financials
| Fiscal Year Ended | Sep 30, 2009 | Sep 30, 2010 | Sep 30, 2011 | Sep 30, 2012 | Sep 30, 2013 | Sep 30, 2014 | Sep 30, 2015 | Sep 30, 2016 | Sep 30, 2017 | Sep 30, 2018 | Sep 30, 2019 | Sep 30, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 7,415,711 | 7,619,871.8 | 10,151,027.4 | 12,113,454 | 14,514,452.2 | 17,350,188.7 | 17,994,664.9 | 19,835,810.8 | 23,248,538.3 | 24,318,077 | 27,838,060.3 | 31,665,987.9 | 39,849,624.3 | - | - | - |
| % Revenue Growth (YoY) | - | 2.8% | 33.2% | 19.3% | 19.8% | 19.5% | 3.7% | 10.2% | 17.2% | 4.6% | 14.5% | 13.8% | - | - | - | - |
| EBITDA (USD) | 1,022,664.9 | 995,574 | 1,841,972.9 | 2,816,545.9 | 3,719,955.3 | 3,807,052.8 | 3,938,191.5 | 3,182,967.6 | 3,470,616 | 2,965,497.5 | 4,102,493.9 | 3,787,274.1 | 3,171,766.9 | - | - | - |
| Operating Income (USD) | 948,082.6 | 897,412.5 | 1,733,075.5 | 2,677,353.7 | 3,487,266.7 | 3,586,693.2 | 3,838,035.5 | 3,092,071.6 | 3,343,022.9 | 2,850,021.7 | 3,988,061.5 | 3,462,733.8 | 2,533,563 | - | - | - |
| Operating Margin | 12.8% | 11.8% | 17.1% | 22.1% | 24.0% | 20.7% | 21.3% | 15.6% | 14.4% | 11.7% | 14.3% | 10.9% | 6.4% | - | - | - |
| % EBITDA Margin | 13.8% | 13.1% | 18.1% | 23.3% | 25.6% | 21.9% | 21.9% | 16.0% | 14.9% | 12.2% | 14.7% | 12.0% | 8.0% | - | - | - |
| NET Income (USD) | 708,119.3 | 658,551.2 | 1,296,811.6 | 2,040,453.3 | 2,641,532.8 | 2,849,547.5 | 3,057,450 | 2,246,216.3 | 2,898,526.6 | 2,170,539.9 | 3,124,413.4 | 2,370,690.6 | 771,359.6 | - | - | - |
| % Net Margin | 9.5% | 8.6% | 12.8% | 16.8% | 18.2% | 16.4% | 17.0% | 11.3% | 12.5% | 8.9% | 11.2% | 7.5% | 1.9% | - | - | - |
Fidelix 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Lansen Systems AB | - | ||||||||
| Add-on, Trade Sale | Completed | Fidelix Oy | - | ||||||||
| Add-on | Completed | Lansen Systems AB | - | ||||||||
| Add-on | Completed | Larmia Control AB | - | ||||||||
| Buyout | Completed | Fidelix Oy | - |
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Fidelix Oy - employee data
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