Summa Equity (via NG Group) Acquires Fortum Recycling & Waste from Fortum

Summa Equity Acquires Majority Stake in Bollegraaf Group

September 17, 2024

Manufacturing

Stockholm-based impact investor Summa Equity has acquired a majority stake in Netherlands-headquartered Bollegraaf Group, a global provider of turnkey recycling and waste‑sorting solutions. Summa is investing from its EUR 2.3 billion Fund III to accelerate Bollegraaf’s growth, expand innovation in mechanical recycling technologies and drive the transition to a circular economy; the seller is Capital A Investment Partners and the deal is expected to close following regulatory approvals in October 2024.

Summa Equity and Goldman Sachs Acquire Stakes in EcoOnline

February 18, 2020

Cloud & SaaS

Summa Equity Fund II and Goldman Sachs Merchant Banking Division have each agreed to acquire a 33% ownership stake in EcoOnline from selling shareholders including Summa Equity Fund I and Viking Venture, securing new capital to support the company's international expansion. The transaction, which keeps Summa Equity as a controlling shareholder, will fund organic and acquisition-based growth of EcoOnline's HSEQ SaaS platform and is subject to antitrust approval.

Hafslund Eco, Infranode and HitecVision Acquire Fortum Oslo Varme (Hafslund Oslo Celsio)

March 22, 2022

Energy

A consortium of Hafslund Eco, Infranode and HitecVision has completed the acquisition of Fortum Oslo Varme, which will be renamed Hafslund Oslo Celsio. Hafslund Eco holds a 60% majority stake while Infranode and HitecVision hold 20% each; the partnership plans ~NOK 10 billion of investments including NOK 1.4 billion for a CCS project at the Klemetsrud waste-to-energy plant and major district cooling investments.

Summa Defence Acquires Uudenkaupungin Työvene Oy

November 18, 2024

Aerospace & Defense

Finnish defense and security technology group Summa Defence Ltd has acquired all shares of shipbuilder Uudenkaupungin Työvene Oy via a share exchange. The sellers — Juha Granqvist, Janne Kosomaa and Baltic Workboats AS — become shareholders in Summa Defence; Uudenkaupungin Työvene reported ~EUR 17 million revenue in 2023 and employs about 70 people.

Vestum Acquires Lakers from Summa Equity for ~SEK 2bn

October 7, 2021

Industrial Services

Vestum AB (publ) has signed a definitive agreement to acquire Lakers Group Holding AS from Summa Equity for approximately SEK 2 billion, with around SEK 250 million of the consideration to be reinvested into Vestum. Lakers is a leading independent aftermarket service provider of water and wastewater pumps headquartered in Oslo, Norway, with more than 400 employees and 25 entities across the Nordics, Germany and the UK; Summa Equity says the business expanded rapidly under its ownership.

Covanta Acquires Globalcycle and Global Remediation Services

January 5, 2023

Environmental Services

Covanta, a PE‑backed sustainable materials management company, has acquired Massachusetts‑based Globalcycle and Global Remediation Services to expand its wastewater treatment, recycling and environmental remediation capabilities in New England. The deals serve as add‑on acquisitions to Covanta (under the direction of EQT Infrastructure), accelerating the company’s presence and last‑mile sustainability services in the highly regulated New England market.