Norvatek Invest, one of the leading Nordic producers of, inter alia, prefabricated pumping stations, and water and wastewater technology and solutions has changed its name to Uniwater AB. The company has acquired a number of companies during the past few years, and aims to reach a turnover of SEK 1 billion in the year 2022. The name change, and future ambitions that include continued expansion in the Nordics, is a part of the new group that’s now emerging.
– Our business and our companies unite in water. We offer our customers water infrastructure solutions, and our intention is to expand within that business. A name change was a natural piece of the puzzle, as we now enter a new phase in our expansion with an increased focus on the Nordic market. We’ve previously set a target to double our turnover between the years 2019 and 2022 to reach a turnover SEK 1 billion. We will succeed in reaching that target due to a solid order book, organic growth in our companies, and by acquiring new, interesting companies in Sweden and the Nordics, says Fredrik Jonsson, CEO of Uniwater AB.
The main holding company will, along with the name change, also increase its focus towards working with corporate-wide matters and strategic management involving growth, acquisitions, and new branches of activity. The company will also oversee the synergy effects that the growing group enables in terms of new procurements and market activities.
– This name change gives is us somewhat of a relaunch. We’ve had a clear strategy to acquire companies of strategical importance, and will continue to do so. We’re now a stable group, and our future acquisitions will increase our ability to offer more comprehensive and sustainable solutions to our customers, says Fredrik Jonsson.
According to reports from Swedish Water (Svenskt Vatten), large investments will be required to maintain a high security of supply of drinking water and wastewater systems. The reasons are many, with neglected water and wastewater networks being one of the major challenges. Continuing urbanization, increased digitization, and new construction in urban areas also create a need for new technical solutions.
– We see the same pattern in the other Nordic countries. The need to invest in water and wastewater is great, and will increase in the next 20 years. This is where we’ll attract new customers with a high level of competence and by offering the most comprehensive solution available, says Fredrik Jonsson.
Today, Uniwater consists of Norvatek, Dala Kommunalteknik and Rostfria VA-system – pumping stations with wells made of concrete, plastic, and stainless steel. ASB – Electrical engineering and automation. ELVA and Emendo – Wastewater treatment plants and waterworks. IBECO – Water, wastewater treatment and HVAC products and services. The subsidiaries will retain their names and operate as independent companies with support from the main holding company.