Norvestor Acquires Majority Stake in Smartvatten (Envera Ltd.)
February 26, 2021
A fund advised by Norvestor Advisory AS has agreed to acquire a ~60% majority stake in Envera Ltd., the company behind the Smartvatten water-monitoring solution. Smartvatten is a hardware-enabled SaaS provider for real-time water consumption monitoring across 7,000+ buildings in the Nordics and Benelux, headquartered in Espoo, Finland with ~40 employees; existing shareholders including Taaleri Circular Economy Fund and the founders will reinvest and retain the remaining equity.
- Buyers
- Norvestor Advisory AS (fund)
- Targets
- Envera Ltd. (Smartvatten)
- Sellers
- Existing shareholders (including Taaleri Circular Economy Fund, founders and employees)
- Industry
- Environmental Services
- Location
- Uusimaa, Finland
- Transaction Type
- Buyout
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