Jernbro Acquires Veltec

Jernbro Acquires Veolia's Swedish Industrial Maintenance Business

September 23, 2019

Industrial Services

Jernbro Industrial Services AB has agreed to acquire Veolia Environnement S.A.'s industrial maintenance business in Sweden, taking over operations in Kiruna, Avesta, Sandviken, Norrköping and Gothenburg effective 1 October 2019. The acquired business has over 300 employees and annual sales of about SEK 400 million; the deal increases Jernbro's turnover to SEK 1.4 billion and its headcount to roughly 950.

Tencarva Machinery Company Acquires Atlantic Valve & Equipment

April 2, 2025

Industrial Services

Tencarva Machinery Company, a PE-backed industrial pump and flow-control distributor, has acquired Atlantic Valve & Equipment, a Richmond-based manufacturer's representative serving municipal and industrial water/wastewater markets across the Southeast and Mid-Atlantic. The acquisition, supported by Tencarva investor Bessemer Investors, expands Tencarva’s municipal coverage and product line card; financial terms were not disclosed.

Iptor Acquires TimberTec

February 1, 2022

Software

Stockholm-based Iptor acquired German TimberTec, a provider of ERP and MES software for the timber industry, in a deal that closed in February 2022. The acquisition is an add-on in Iptor's buy-and-build strategy (backed by funds advised by Bregal Unternehmerkapital) and aims to expand Iptor’s sector capabilities and geographic reach across Europe and into the US.

Norvestor Acquires Majority Stake in Colmec Holding AB

May 31, 2023

Trucking & Fleet

A fund advised by Norvestor Advisory has signed an agreement to acquire a majority stake in Colmec Holding AB, a leading provider of sustainable tire solutions for commercial vehicle fleets across the Nordics and Poland. The Eckerström family will remain a minority shareholder alongside management; Norvestor plans to accelerate growth organically and via acquisitions while driving digitalization and further investing in environmentally friendly offerings.

Veolia Acquires Icetec to Expand Digital and Distributed Energy Business in North America

July 18, 2025

Energy

Veolia has completed the acquisition of Icetec, a Boothwyn, Pennsylvania–based digital and distributed energy management company with more than 20 years of experience. The tuck-in expands Veolia's North American energy service offerings and adds Icetec's SaaS optimization capabilities to Veolia's Hubgrade digital platform as part of its GreenUp strategy.

H&MV Engineering Acquires Skanstec

February 4, 2024

Engineering Services

H&MV Engineering, backed by private equity firm Exponent, has acquired Skanstec Group, a European specialist in energy and telecommunications engineering. The deal combines complementary capabilities in mission-critical power and connectivity infrastructure, expands H&MV's European footprint and capabilities, and sees Skanstec shareholders and management reinvesting in the enlarged group.