Uniwater, one of the leading Nordic groups specializing in water and wastewater infrastructure solutions, is getting a new main owner. The new owner is Nalka Invest, and the ongoing expansion in the Nordic countries will intensify for Uniwater with the new main owners.
SEB Private Equity Opportunity III Management S.C.A., SICAV-SIF and LK Finans AB acquired the group formerly known as Norvatek Invest in 2014, and have developed the group to turn over SEK 600 million in the year 2020 during the ownership. The rebranding of the group came earlier this year, and the new name, Uniwater, was another step towards continued Nordic expansion.
– We’re very happy that Nalka is becoming our new main owner. With them, we’ll be able to continue on developing our companies organically, and we gain a strong, committed owner for the acquisitions we want to make on our growth journey. We will continue developing our specialists, and maintain a comprehensive offer that attracts all types of projects within water and wastewater treatment, says Fredrik Jonsson, group CEO of Uniwater AB.
The water and wastewater treatment industry is facing big challenges, and the need for water and wastewater services will increase. Uniwater consequently sees a new, strong owner as a welcome addition to the continued journey.
– We know that water and wastewater infrastructure in all of the Nordic countries has been neglected, and we also see a major and ongoing need for Uniwater’s collective competence. We specialize in infrastructure, and to be able to meet a higher demand we need additional focus on digitalization of water and wastewater networks, and work more with sustainability issues, as the foundation of our operation consists of delivering clean water. We are looking forward to continuing working with this for a long time together with Nalka, says Fredrik Jonsson.
The acquisition will be completed when the Swedish Competition Authority make their audit of the transaction. This is planned to take place in August 2021 at the latest.
Parts of management will keep a minority interest in Uniwater. The purchase price for the acquisition of Uniwater has not been made official.
– We’re very happy that Nalka Invest is taking over Uniwater. It feels reassuring to have a new owner with the same focus on growth and sustainability that we have, and we look forward to following the group’s continued success. We wish Uniwater and Nalka Invest the best of luck, says Gustav Ecorcheville, Investment Director at SEB.
Evli Corporate Finance acted as financial advisor to the sellers in connection to the transaction.
About Nalka Invest
Nalka invests in small- and medium sized companies, mainly in the Nordic region, but always with an international reach and ambition. Through commitment and cooperation, Nalka generates independent and competitive companies with long-term profitability. Nalka was formed in 2009 and is based in Stockholm. Currently, Nalka has 15 employees.
To read more about Nalka Invest, visit www.nalka.se