IT – Proptech/Cleantech
Information on the buyer
Norvestor is a leading private equity firm focusing on mid-market buyouts in the Nordic region with offices in Oslo, Stockholm, Helsinki, Copenhagen, and Luxembourg.
Information on the seller
Smartvatten is a rapidly growing water management service company with +40 full-time employees, and operations stretching across Finland, Germany, Sweden, BENELUX, and the U.S.
Rationale for the transaction
Strengthen Smartvatten’s position in existing markets and accelerate the company’s international expansion.
A fund advised by Norvestor Advisory AS has signed an agreement to acquire the majority of the shares in Envera Ltd., the company behind the market-leading Smartvatten® solution.
Advisor to the seller