The irrigation equipment industry in the Nordics is focused on efficient water management for agriculture, environmental care, and urban landscapes. Companies in this space range from innovative startups to established corporations, offering products like precision irrigation systems, soil moisture sensors, and climate control technology. As water conservation becomes increasingly critical, the industry is evolving towards sustainable practices, investing in smart technology solutions that address climate challenges. This transformation is not only benefiting agriculture but is also aiming to improve overall water efficiencies, responding to the growing demands for responsible resource usage across the region.


This article highlights 12 investors shaping the irrigation equipment sector in the Nordics. We have a mix of venture capital, corporate, and private equity firms headquartered primarily in Sweden and Norway. They range from small teams to sizable organizations, with significant investments in 2024, illustrating their commitment to agricultural technology. Foremost among them are Katapult with 8 deals and Almi, recognizing the critical role innovation plays in sustainable farming practices.


Top 12 Irrigation Equipment Investors in the Nordics


1. Indutrade Life Science

  • Website: indutrade.se
  • Type: Corporate
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 1978
  • Headcount: 1001-5000
  • Number of deals in 2024: 14
  • LinkedIn: indutrade-life-science

Indutrade Life Science is a corporate investor based in Stockholm, Sweden, founded in 1978. The company operates as part of an industrial group that focuses on developing and acquiring companies with high technical expertise across various technology and industrial sectors. Indutrade emphasizes long-term relationships with its customers and maintains a decentralized structure, allowing its subsidiaries to operate independently while benefiting from the group's resources. Notably, Indutrade has made significant strides in the irrigation equipment sector, particularly through its acquisition of Crysberg A/S in 2016, a Danish company specializing in electronic control solutions for irrigation systems. This acquisition highlights Indutrade's strategic interest in enhancing its capabilities within the irrigation market. Additionally, the company has a history of acquiring firms like Senmatic A/S and Torell Pump AB, which may also contribute to its overall expertise in related industrial applications, further solidifying its position in the irrigation equipment landscape.


2. Almi

  • Website: almi.se
  • Type: Venture Capital
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 1994
  • Headcount: 201-500
  • Number of deals in 2024: 7
  • LinkedIn: almi-ab

Almi AB is a financial services company based in Stockholm, Sweden, that provides loans, risk capital, and business development support to small and medium-sized enterprises. Founded in 1994, Almi aims to enhance the growth and competitiveness of these businesses through tailored financial solutions and guidance. Notably, Almi has invested in Spowdi, a manufacturer of solar-powered water pumps designed for small-scale farming, which directly relates to irrigation equipment. Additionally, Almi has supported Stockholm Water Technology, a company focused on water solutions, indicating its interest in the water and irrigation sector. These transactions highlight Almi's commitment to fostering innovation in industries that include irrigation technologies.


3. Katapult

  • Website: katapult.vc
  • Type: Venture Capital
  • Headquarters: Oslo, Oslo, Norway
  • Founded year: 2017
  • Headcount: 11-50
  • Number of deals in 2024: 8
  • LinkedIn: katapult-accelerator

Katapult is an impact investment firm based in Oslo, Norway, founded in 2017. They focus on tech startups that address global challenges, providing investment, accelerator programs, and mentorship to early-stage companies. Katapult has been active in sectors like climate-tech and ocean-tech, and they have made several investments in 2024, including notable transactions in the AgriTech space. One significant investment was in Sand to Green, a Moroccan AgriTech startup that raised $1 million in a Seed round to prepare for large-scale deployment of agricultural projects. This investment highlights Katapult's commitment to supporting innovations that can enhance agricultural practices, including irrigation solutions. Other investments, such as those in Desolenator and GKinetic Energy, also reflect their focus on sustainable technologies, which can be relevant to the irrigation equipment industry.


4. EQT Group

  • Website: eqtgroup.com
  • Type: Private Equity
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 1994
  • Headcount: 1001-5000
  • Number of deals in 2024: 30
  • LinkedIn: eqt-partners

EQT Group is a prominent investment firm founded in 1994, based in Stockholm, Sweden. Specializing in private equity, infrastructure, real estate, growth equity, and venture capital, EQT serves institutional investors by managing diverse investment portfolios across multiple sectors and geographies. Notably, EQT has made significant acquisitions, including Cimbria, which focuses on agricultural equipment, potentially encompassing irrigation solutions. Other transactions include the acquisition of Saur SAS, a company involved in water services, which may also relate to irrigation. These transactions highlight EQT's capability and interest in sectors that intersect with irrigation equipment, reinforcing their relevance as an investor in this field.


5. Husqvarna (China) Machinery Manufacturing Co., Ltd


Husqvarna (China) Machinery Manufacturing Co., Ltd is a corporate investor based in Stockholm, Sweden, specializing in outdoor power equipment for forest, park, and garden maintenance. Founded in 1689, the company has a long history of innovation and performance in its product offerings, which include chainsaws, lawn mowers, and robotic mowers. In recent years, Husqvarna has made strategic acquisitions and investments that highlight its involvement in the irrigation equipment sector. Notably, the acquisition of Orbit Irrigation in 2021 for USD 480 million integrated a leading provider of residential watering solutions into Husqvarna's Gardena Division, positioning the company as a global leader in residential watering. Additionally, Husqvarna's investment in Soil Scout Ltd, a startup focused on wireless soil moisture sensors, aims to help manage water resources more effectively for farmers and green space managers. These transactions reflect Husqvarna's commitment to enhancing its irrigation equipment portfolio and addressing water management challenges.


6. Yara Growth Ventures


Yara Growth Ventures is a venture capital firm based in Oslo, Norway, founded in 2021. The firm focuses on investing in innovative startups and funds within the agriculture and clean hydrogen sectors. They provide financial support and strategic guidance to help their portfolio companies develop and scale their solutions. Notably, Yara Growth Ventures has participated in several significant transactions that highlight their commitment to advancing agricultural technology. For instance, they invested in Ecorobotix, which raised $52 million for its AI-powered smart sprayer system, ARA, aimed at improving agricultural efficiency. Additionally, they led a $30 million Series C funding round for Agrofy, an Argentine farmer marketplace, which enhances the agricultural supply chain. Their investment in Sabanto, which aims to drive autonomy in agriculture, further demonstrates their focus on innovative solutions that can impact irrigation practices. Overall, Yara Growth Ventures leverages its extensive network to facilitate advancements in sustainable agriculture, making them a relevant player in the irrigation equipment sector.


7. Munters

  • Website: munters.com
  • Type: Corporate
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 1955
  • Headcount: 1001-5000
  • Number of deals in 2024: 4
  • LinkedIn: munters

Munters is a corporate investor based in Stockholm, Sweden, founded in 1955. The company specializes in climate control solutions, providing energy-efficient products for industrial and agricultural applications. Their offerings include dehumidifiers, air cleaning systems, and cooling solutions, catering to various sectors, including food agriculture. In 2024, Munters announced the acquisition of Hotraco, a Dutch company that develops control systems and sensors for the agricultural sector, which is expected to enhance their FoodTech portfolio. This acquisition aligns with their strategy to improve climate control in agriculture, which is essential for effective irrigation. Additionally, their acquisition of Reventa, a German company focused on climate control systems for livestock buildings, further solidifies their position in the agricultural market. These transactions highlight Munters' commitment to advancing agricultural technologies, making them a relevant player in the irrigation equipment industry.


8. Lagercrantz Group AB

  • Website: lagercrantz.com
  • Type: Corporate
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 2001
  • Headcount: 1001-5000
  • Number of deals in 2024: 6
  • LinkedIn: lagercrantz

Lagercrantz Group AB is a technology group based in Stockholm, Sweden, founded in 2001. The company operates approximately 80 subsidiaries that provide specialized technical solutions across various niche markets. Their business model emphasizes acquisitions and organic growth, catering primarily to business customers seeking tailored technology solutions. Notably, Lagercrantz has made strategic acquisitions that enhance its portfolio in relevant sectors. For instance, the acquisition of Geonor AS in 2021, a company specializing in geotechnical, hydrological, meteorological, and environmental equipment, positions Lagercrantz within the water management sector, which is integral to irrigation. This acquisition, along with others like Wapro and Hovicon International B.V., showcases Lagercrantz's commitment to expanding its influence in areas that intersect with irrigation and environmental management.


9. Sdiptech

  • Website: sdiptech.se
  • Type: Corporate
  • Headquarters: Stockholm, Stockholm, Sweden
  • Headcount: 1001-5000

Sdiptech AB is an infrastructure technology group based in Stockholm, Sweden, specializing in enhancing the efficiency and sustainability of infrastructure systems. The company focuses on acquiring and developing technology companies that contribute to societal growth, particularly in sectors related to infrastructure development. Notable transactions include the acquisition of Water Treatment Products Limited, which specializes in water treatment solutions, and Kemi-tech ApS, a provider of tailored chemical solutions for industrial water treatment. These acquisitions highlight Sdiptech's commitment to improving water management technologies, which are crucial for irrigation systems. Additionally, their acquisition of HeatWork Norway AS, a manufacturer of mobile hydronic heating solutions, and Ficon Oy, specializing in hydraulic products, further demonstrates their engagement in sectors that can intersect with irrigation technology.


10. Chalmers Ventures


Chalmers Ventures is a venture builder and tech investor based in Sweden, founded in 2015. They focus on deep tech innovations and support researchers and entrepreneurs in commercializing their technology through various programs, providing business guidance, financing, and community networking. Chalmers Ventures emphasizes active ownership and investment in startups, helping them scale and succeed in the market. Notably, they have invested in Aqua Robur Technologies, which specializes in technologies for efficient measurement of water quality and leakage detection, raising significant funds across multiple rounds. This involvement highlights their interest in water management solutions, which are integral to the irrigation equipment industry.


11. Trill Impact

  • Website: trillimpact.com
  • Type: Private Equity
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 2019
  • Headcount: 51-200
  • Number of deals in 2024: 1
  • LinkedIn: trill-impact

Trill Impact is an impact investment firm based in Stockholm, Sweden, founded in 2019. The firm specializes in private equity, ventures, and microfinance, with a strong focus on creating measurable social and environmental impact alongside competitive financial returns. Trill Impact's clients include institutional investors and businesses looking to invest in initiatives that drive positive change. Notably, Trill Impact has invested in Komet Irrigation, a company that raised an undisclosed amount in a private equity round on January 1, 2022. This investment highlights Trill Impact's engagement in the irrigation equipment sector, demonstrating their commitment to aligning capital with impactful solutions in agriculture and water management.


12. Lakers Holding


Lakers Holding, founded in 2016 and based in Oslo, Norway, is a corporate investor specializing in infrastructure services with a strong emphasis on sustainable solutions in water technology and energy efficiency. The company operates through a decentralized business model, acquiring niche companies to bolster its market position. Notably, Lakers Holding has made significant investments in the irrigation equipment sector, including the acquisition of Pump Supplies for $105,188,382 on March 1, 2021, and A & J Pump Service on March 22, 2019. These acquisitions highlight their focus on enhancing water management capabilities, which is crucial for irrigation. Additionally, they acquired Elmodan on the same date, further expanding their portfolio in the water technology space. Through these strategic investments, Lakers Holding demonstrates a commitment to improving infrastructure related to water management and irrigation.



Irrigation Equipment Insights: Key Investors in the Nordics


InvestorHeadquarterSizeFoundedDeals 2024
Indutrade Life ScienceStockholm, Stockholm, Sweden1001-5000197814
AlmiStockholm, Stockholm, Sweden201-50019947
KatapultOslo, Oslo, Norway11-5020178
EQT GroupStockholm, Stockholm, Sweden1001-5000199430
Husqvarna (China) Machinery Manufacturing Co., LtdStockholm, Stockholm, Sweden501-100016890
Yara Growth VenturesOslo, Oslo, Norway1-1020214
MuntersStockholm, Stockholm, Sweden1001-500019554
Lagercrantz Group ABStockholm, Stockholm, Sweden1001-500020016
SdiptechStockholm, Stockholm, Sweden1001-50000
Chalmers VenturesSweden11-50201526
Trill ImpactStockholm, Stockholm, Sweden51-20020191
Lakers HoldingOslo, Oslo, Norway51-20020160


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