New financial investor on board at cleantech supplier Evac
From financial investor to financial investor: The Finnish cleantech supplier Evac gets a new owner.
British investor Bridgepoint has announced the complete sale of its stake in Evac to Altor Equity Partners. The Finnish Evac Group specializes in water processing and corrosion protection technologies and has expanded in recent years through acquisitions including Deerberg Systems and Virtus GmbH. Founded in 1979 and based in Espoo, Evac says its systems are installed on tens of thousands of ships. EBITDA for the current year is expected to reach around €47 million.
Sweden-based Altor Equity Partners invests primarily in mid-sized companies in the Nordic countries and the DACH region and holds stakes in more than 100 companies. Current and former investments include Silo AI, Mandatum, Piab, Wrist Ship Supply and Aalborg Industries.
Under Bridgepoint’s ownership, Evac completed six acquisitions and significantly expanded its aftermarket business, which now accounts for more than two thirds of total sales. CEO Björn Ullbro described the transaction as “the beginning of an exciting new chapter” and said growing demand for sustainable solutions offers Evac strong scaling potential.
Bridgepoint partners Patrick Fox and Christopher Bley said Evac has developed into a global market leader with a resilient aftermarket business and a differentiated portfolio, strengthened by targeted M&A and an expanded global footprint.
The sale marks Bridgepoint’s fourth exit in two years, following transactions involving Diaverum, Vitamin Well and Oris Dental. The deal is expected to close in 2026, subject to regulatory approvals. Financial details were not disclosed.
By courtesy of:
