Adelis successfully divests Nordomatic
Adelis Equity Partners Fund I (“Adelis”) has sold its majority stake in Nordomatic, the Nordic market leader in building management systems and energy optimization services, to Trill Impact.
Adelis invested in Nordomatic in 2016 together with management and key employees. During Adelis’ ownership, Nordomatic has tripled sales from SEK ~290 million to SEK ~880 million and become the leading independent building management systems (“BMS”) integrator in the Nordics. This achievement is the result of a clear growth strategy focusing on cloud connected BMS, energy optimization and other BMS services. Nordomatic has also made several strategic acquisitions across the Nordics, most notably dominus in Denmark and SD-Consult in Norway.
”Olov Schagerlund, Toke Juul, Erik Nordli and the rest of the management team have done a fantastic job in building Nordomatic into the No. 1 BMS integrator in the Nordics. Nordomatic is a fine example of Adelis investing in partnership with management, growing and internationalizing a business, while also contributing to a more sustainable real estate industry through energy savings and reduced carbon emissions. Nordomatic is now ready to take the next step in its growth strategy, and we believe that Trill Impact is an excellent new owner in the exciting journey ahead”, say Erik Hallert and Jan Åkesson of Adelis.
”The management team is thankful for the support from Adelis over the past years. Together we have reached our goal of creating a ‘Nordic Champion’. We look forward to bringing Nordomatic to the next level together with Trill Impact as our new partner”, says Olov Schagerlund, CEO of Nordomatic.
Adelis was advised by Nordea, White & Case and Deloitte.
The parties have agreed not to disclose the financial terms of the transaction.
For further information:
Nordomatic: Olov Schagerlund, CEO, +46 708 184 184
Adelis: Erik Hallert, +46 70 936 80 41
Adelis: Jan Åkesson, +46 70 353 11 11
Nordomatic
Nordomatic is a leader within Smart Buildings, providing system integration services to the largest real estate owners in Scandinavia. The company was founded in 1967 in Stockholm, and its innovative and open building management systems offer significant energy efficiencies, improved indoor climate and reduced CO2 footprint Nordomatic employs more than 400 highly skilled professionals in 18 locations across Scandinavia. For more information please visit www.nordomatic.com.
Adelis Equity Partners
Adelis is an active partner in creating value at mid-sized Nordic companies. Adelis was founded with the goal of building the leading middle market private equity firm in the Nordics. Since raising its first fund in 2013, Adelis has been one of the most active investors in the Nordic middle-market, acquiring 22 companies and making more than 70 add-on acquisitions. Adelis now manages approximately €1 billion in capital. For more information please visit www.adelisequity.com.