The medical equipment maintenance industry in the Nordics plays a crucial role in ensuring that healthcare technologies are reliable and efficient. Companies in this space provide essential services such as diagnostics, repairs, and preventive maintenance for a wide array of medical devices, from surgical instruments to imaging equipment. This industry is not just about fixing machines; it's about enhancing patient safety and operational effectiveness in healthcare settings. With increasing demands for advanced technologies and stricter regulations, the focus is shifting towards integrated solutions and sustainable practices in maintenance, fostering innovation and collaboration across multiple stakeholders.


The list of investors featured includes a blend of venture capital firms, corporate players, and private equity firms, all headquartered in key Nordic cities like Stockholm, Hellerup, and Trondheim. Founded between 1983 and 2016, these investors range from small firms with just a few employees to large corporates with thousands of staff. Notably, investments made in 2024 highlight their active involvement in the medical equipment maintenance industry, with firms like EQT Group making 30 deals, showcasing their commitment to boosting healthcare solutions across the region.


Top 12 Medical Equipment Maintenance Investors in the Nordics


1. 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, founded in 1994. It specializes in providing loans, risk capital, and business development support to small and medium-sized enterprises (SMEs) in Sweden. Almi aims to enhance the growth and competitiveness of these businesses by offering tailored financial solutions and guidance. Among their notable transactions, Almi has invested in Njord Medtech, which raised SEK 8 million, indicating their engagement in the medical technology sector. Additionally, they have supported Monivent, which raised $229,042 in a seed round, further showcasing their involvement in medical-related ventures. Almi's investments in companies like Medarca, which focuses on software development for medical applications, also highlight their interest in the medical field, including aspects related to equipment maintenance.


2. 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 private equity firm based in Stockholm, Sweden, founded in 1994. The firm specializes in a diverse range of investment strategies, including private equity, infrastructure, real estate, growth equity, and venture capital. EQT serves institutional investors by providing expertise in managing varied investment portfolios across multiple sectors and geographies. Among their notable transactions in the medical equipment sector, EQT acquired HemoCue, a company focused on point-of-care blood testing, and Atos Medical, which develops medical devices for patients with tracheostomies. These acquisitions reflect EQT's strategy to invest in and support the growth of companies that are crucial to the medical equipment maintenance industry, showcasing their commitment to enhancing healthcare solutions.


3. Novo Holdings

  • Website: novoholdings.dk
  • Type: Venture Capital
  • Headquarters: Hellerup, Denmark
  • Founded year: 1999
  • Headcount: 51-200
  • Number of deals in 2024: 45
  • LinkedIn: novo-a-s

Novo Holdings A/S is a not-for-profit investment firm based in Hellerup, Denmark, founded in 1999. It manages the assets of the Novo Nordisk Foundation and focuses on investing in life science companies at various stages of development. Novo Holdings provides capital and strategic support to enhance healthcare solutions. Notably, they have participated in significant transactions within the medical equipment sector, such as a Series B financing round for Preventice Solutions, which specializes in remote monitoring solutions. They also acquired a 19.95% shareholding in ConvaTec Group Plc, a UK-based global medical products company, allowing their CEO to join ConvaTec's Board of Directors. Additionally, they led a $20 million equity financing round for Inogen, a manufacturer of innovative oxygen technology, further emphasizing their commitment to the medical equipment field.


4. 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 is part of the larger Indutrade group, which focuses on developing and acquiring companies with high technical expertise across various industrial sectors. Indutrade Life Science specifically targets the life science and medical equipment markets, emphasizing long-term relationships with customers and a decentralized operational structure that allows its subsidiaries to maintain independence while benefiting from the group's resources. Notable transactions include the acquisition of Oscar Medtec, a leading supplier of medical refrigerators and examination furniture, and Medexa Diagnostisk Service AB, which enhances their capabilities in medical diagnostics. In 2024, they also acquired Miclev Medical Products, further strengthening their position in the life science segment. These strategic acquisitions highlight Indutrade Life Science's commitment to providing reliable and innovative solutions in the medical equipment maintenance industry.


5. AddLife AB

  • Website: add.life
  • Type: Corporate
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 2016
  • Headcount: 1001-5000
  • Number of deals in 2024: 3
  • LinkedIn: addlife-ab

AddLife AB is a Swedish corporate investor based in Stockholm, founded in 2016. The company operates in the Life Science sector, with a strong emphasis on Medtech and Labtech. AddLife provides high-quality medical technology products, assistive equipment, and laboratory solutions primarily to healthcare providers, hospitals, and research institutions across Europe. The company employs a decentralized business model, allowing its subsidiaries to maintain flexibility while benefiting from AddLife's resources. Notable transactions include the acquisition of Emmat Medical, an independent distributor of surgical instruments in the UK, which enhances their portfolio in medical equipment. Additionally, the acquisition of Healthcare21 Group, a specialist healthcare organization, further strengthens their position in the healthcare market. These strategic acquisitions demonstrate AddLife's commitment to expanding its influence in the medical equipment sector, including maintenance services.


6. Nordic Capital

  • Website: nordiccapital.com
  • Type: Private Equity
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 1989
  • Headcount: 201-500
  • Number of deals in 2024: 10
  • LinkedIn: nordic-capital

Nordic Capital is a private equity firm based in Stockholm, Sweden, founded in 1989. The firm specializes in investments across various sectors, with a strong emphasis on healthcare and technology. Nordic Capital partners with management teams to drive growth and operational improvements in its portfolio companies, focusing on creating long-term value and sustainability. Notable transactions in the medical equipment sector include the acquisition of Corpuls, a German medical technology company specializing in emergency medical solutions, and Atos Medical, a Swedish medical device company focused on ear, nose, and throat rehabilitation. Additionally, Nordic Capital acquired a majority stake in Orchid Orthopedic Solutions, which is involved in the design and manufacturing of orthopedic medical devices. These investments highlight Nordic Capital's active role in the medical equipment industry, particularly in companies that enhance medical technology and patient care.


7. Seed Capital Denmark

  • Website: seedcapital.dk
  • Type: Venture Capital
  • Headquarters: Frederiksberg, Frederiksberg, Denmark
  • Founded year: 2004
  • Headcount: 1-10
  • Number of deals in 2024: 5
  • LinkedIn: seed-capital-denmark

SEED Capital is a venture capital firm based in Copenhagen that specializes in providing seed funding and advisory services to technology startups in Denmark. Founded in 2004, the firm has a strong track record of successful investments, particularly in sectors such as SaaS and Fintech. Notably, SEED Capital has invested in companies like Observe Medical, which raised funds in 2010, and Nordic Neurostim, which secured seed funding in 2013. Additionally, they have been involved with Reapplix, a developer of device technology for tissue regeneration, which raised significant funding in multiple rounds from SEED Capital, indicating their engagement in the medical technology space. This involvement suggests that while their primary focus may not be on medical equipment maintenance, they do have relevant experience in the medical technology sector.


8. ADDvise

  • Website: addvisegroup.com
  • Type: Corporate
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 1989
  • Headcount: 501-1000
  • LinkedIn: addvisegroup

ADDvise Group AB is a corporate investor based in Stockholm, Sweden, specializing in advanced medical technology and laboratory solutions. Founded in 1989, the company serves healthcare facilities and research institutions with a diverse range of products, including medical equipment and laboratory furniture. ADDvise operates with a decentralized business model, allowing its subsidiaries to maintain entrepreneurial spirit while benefiting from corporate support. In recent years, ADDvise has made several strategic acquisitions to strengthen its position in the medical equipment sector. Notable transactions include the acquisition of Southern Life Systems, Inc., a leader in the long-term care medical device market, and Axelerist, which provides rental and purchase solutions for MedTech and laboratory equipment. Additionally, ADDvise has signed letters of intent to acquire companies like Innovative Endoscopy Components, LLC and X-Ray Cassette Repair Company Inc., further highlighting its focus on enhancing its capabilities in medical equipment maintenance and support services.


9. Indutrade AB

  • Website: indutrade.com
  • Type: Corporate
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 1978
  • Headcount: 5001-10000
  • Number of deals in 2024: 1
  • LinkedIn: indutrade-ab

Indutrade AB is a technology and industrial group based in Stockholm, Sweden, founded in 1978. The company operates through over 200 subsidiaries, providing a diverse range of industrial and technological products across various sectors, including infrastructure, medical technology, and energy. Indutrade emphasizes decentralized leadership and long-term relationships with its customers and partners. In recent years, Indutrade has made significant acquisitions in the medical equipment sector, including British Precision UK Ltd, a manufacturer of medical gas pipeline equipment, and Cheirón, a Czech Med-Tech company specializing in medical technology products. Additionally, their acquisition of Sunflower Medical, a healthcare equipment manufacturer, marks their entry into the UK medical products market. These transactions highlight Indutrade's commitment to strengthening its position in the medical technology field, making it a relevant player in the medical equipment maintenance industry.


10. Covidien Finland Oy


Covidien Finland Oy, founded in 2007 and based in Helsinki, Uusimaa, Finland, is a corporate investor and a subsidiary of Medtronic, a leading healthcare technology provider. Covidien specializes in innovative medical devices and therapies, serving healthcare professionals, hospitals, and patients. The company has made several significant acquisitions to enhance its offerings in the medical device sector. Notable transactions include the acquisition of Given Imaging for approximately $860 million, which expanded their gastrointestinal solutions business, and the acquisition of Reverse Medical Corporation, focusing on vascular disease management. Other acquisitions, such as BARRX Medical and Bacchus Vascular, further demonstrate their commitment to advancing medical technology. These activities indicate that Covidien is actively engaged in the medical device industry, which encompasses aspects of medical equipment maintenance.


11. Investinor

  • Website: investinor.no
  • Type: Venture Capital
  • Headquarters: Trondheim, Trøndelag, Norway
  • Founded year: 2008
  • Headcount: 11-50
  • Number of deals in 2024: 4
  • LinkedIn: investinor

Investinor AS is a venture capital investment company based in Trondheim, Trøndelag, Norway, founded in 2008. The firm specializes in providing funding to promising startups and companies, helping them grow and achieve market leadership. Investinor manages state interests in seed and venture funds and collaborates with entrepreneurs and other investors. Notably, Investinor has invested in several health technology companies, including Cimon Medical, which raised 60MNOK in a seed round for ultrasound technology, and Dignio, a Norwegian health technology company that raised NOK 85 million in Series A funding. These transactions highlight Investinor's active role in the medical equipment sector, particularly in supporting innovations that could enhance medical equipment maintenance and development.


12. ASSA ABLOY Group

  • Website: assaabloy.com
  • Type: Corporate
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 1994
  • Headcount: 10001+
  • Number of deals in 2024: 21
  • LinkedIn: assaabloy

ASSA ABLOY Group, founded in 1994 and headquartered in Stockholm, Sweden, is a leading provider of security solutions, specializing in locks, doors, gates, and entrance automation. With a workforce of over 10,000 employees, the company has established itself as a leader in the security industry through innovation and a diverse product portfolio. In recent years, ASSA ABLOY has expanded its reach into the healthcare sector through strategic acquisitions. Notably, the acquisition of 9Solutions in December 2024, a company that provides AI-powered healthcare ICT solutions, aims to enhance ASSA ABLOY's Senior Care business, indicating a focus on integrating technology into healthcare services. Additionally, the acquisition of Phoniro Systems in February 2018, which specializes in welfare technology for elderly care, further underscores their commitment to the healthcare market. These transactions reflect ASSA ABLOY's strategy to diversify its offerings and tap into the growing demand for healthcare-related solutions, particularly in the context of medical equipment maintenance and support.



Medical Equipment Maintenance Insights: Key Investors in the Nordics


InvestorHeadquarterSizeFoundedDeals 2024
AlmiStockholm, Stockholm, Sweden201-50019947
EQT GroupStockholm, Stockholm, Sweden1001-5000199430
Novo HoldingsHellerup, Denmark51-200199945
Indutrade Life ScienceStockholm, Stockholm, Sweden1001-5000197814
AddLife ABStockholm, Stockholm, Sweden1001-500020163
Nordic CapitalStockholm, Stockholm, Sweden201-500198910
Seed Capital DenmarkFrederiksberg, Frederiksberg, Denmark1-1020045
ADDviseStockholm, Stockholm, Sweden501-100019890
Indutrade ABStockholm, Stockholm, Sweden5001-1000019781
Covidien Finland OyHelsinki, Uusimaa, Finland51-20020070
InvestinorTrondheim, Trøndelag, Norway11-5020084
ASSA ABLOY GroupStockholm, Stockholm, Sweden10001+199421


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