The water resources engineering industry in the Nordics is vital for ensuring the sustainable management of water systems, including rivers, lakes, and groundwater. Companies in this sector range from consultancies specializing in water management to technology firms innovating in water treatment and distribution. They provide services like engineering, environmental consulting, and developing smart resource management technologies. With a growing focus on climate resilience and conservation, the industry is increasingly addressing challenges such as pollution, flooding, and scarce resources, fostering innovative solutions that align with global sustainability goals. Nordic firms are making strides towards cutting-edge technology in this essential field.


The investor landscape for water resources in the Nordics features a mix of venture capital, private equity, and corporate investors. Hailing from key locations like Stockholm, Oslo, and Copenhagen, these firms vary in size, with many established since the late 20th century. In 2024, the investors listed executed a noteworthy count of deals, driven by a strong commitment to sustainability and innovation in water management. Each investor's unique approach and focus areas present rich opportunities for startups and emerging technologies in this essential sector.


Top 12 Water Resources Engineering Investors in the Nordics


1. 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 specialize in supporting tech startups that tackle global challenges through investment, accelerator programs, and mentorship. Katapult has been involved in several transactions that align with water resources engineering, notably investing in Desolenator, a startup focused on innovative water purification and desalination solutions. They also participated in funding GKinetic Energy, which develops technologies to generate energy from water sources. These investments highlight Katapult's commitment to addressing water-related issues within their broader focus on climate-tech and ocean-tech.


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, founded in 1994. It provides loans, risk capital, and business development support to small and medium-sized enterprises (SMEs) in Sweden, aiming to enhance their growth and competitiveness through tailored financial solutions and guidance. Among its notable transactions, Almi has invested in Aqua Robur Technologies, which raised SEK 7.2M ($820k) for its technology aimed at improving water quality measurement and leakage detection. Additionally, Almi participated in a funding round for Stockholm Water Technology, which secured 10 million Swedish crowns for market entry and product development. These investments highlight Almi's commitment to supporting innovations in the water resources engineering sector, alongside its broader investment strategy.


3. 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 private equity investment firm based in Stockholm, Sweden, founded in 1994. The firm specializes in various investment strategies, including private equity, infrastructure, real estate, growth equity, and venture capital. EQT serves institutional investors by providing expertise in managing diverse investment portfolios across multiple sectors and geographies. Among their notable transactions, EQT acquired Saur SAS in December 2018 for approximately $1.7 billion, a company that provides water and wastewater services, highlighting their commitment to the water sector. Additionally, in March 2017, EQT's Mid Market US Fund acquired Innovyze for $270 million, a firm specializing in water infrastructure analytics, further emphasizing their focus on water resources engineering. These strategic acquisitions reflect EQT's active role in the water industry, making them a significant investor in this 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 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 operates through a decentralized structure, allowing its subsidiaries to maintain independence while benefiting from the group's resources. Notably, Indutrade has made significant acquisitions relevant to water resources engineering, including acti-Chem A/S, which specializes in sustainable water treatment solutions, and OCI B.V., which focuses on customized assemblies for energy and water applications. These transactions highlight Indutrade's commitment to enhancing its portfolio in the water resources sector, making it a relevant player in this field.


5. Chalmers Ventures


Chalmers Ventures is a venture builder and tech investor based in Sweden, founded in 2015. They specialize in deep tech innovations and support researchers and entrepreneurs in commercializing their technologies through various programs that provide business guidance, financing, and community networking. Chalmers Ventures emphasizes active ownership and investment in startups to help them scale and succeed in the market. Notably, they have invested in Aqua Robur Technologies, which focuses on developing technology for efficient measurement of water quality and leakage detection. This investment, along with several funding rounds for Aqua Robur, highlights their commitment to advancing solutions in the water resources engineering sector.


6. Rejlers

  • Website: rejlers.com
  • Type: Corporate
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 1942
  • Headcount: 1001-5000
  • Number of deals in 2024: 1
  • LinkedIn: rejlers

Rejlers is an engineering consultancy based in Stockholm, Sweden, founded in 1942. The company provides a wide range of services, including project management, digital solutions, and sustainable energy consulting, catering to both businesses and public authorities. Rejlers operates in various sectors, including energy and infrastructure, and has a strong presence in the Nordic region and the UAE. Notably, Rejlers has made several strategic acquisitions to enhance its service offerings. In March 2021, they acquired HydroTerra Ingenjorer, which specializes in water-related engineering services, indicating their commitment to the water resources sector. Additionally, their acquisition of Karl Knudsen AS in September 2023 and Eurocon Consulting AB in February 2023 further demonstrates their growth strategy in engineering consultancy, which may encompass water resources engineering as part of their broader infrastructure focus. Their recent acquisition of Solvina AB, a consultancy in the electric power industry, also reflects their emphasis on sustainable energy solutions, which often intersect with water management practices.


7. FSN Capital Partners

  • Website: fsncapital.com
  • Type: Private Equity
  • Headquarters: Oslo, Oslo, Norway
  • Founded year: 1999
  • Headcount: 51-200
  • LinkedIn: fsn-capital

FSN Capital Partners is a private equity investment firm based in Oslo, Norway, founded in 1999. The firm specializes in managing investments across various sectors, including services, green transition, industrials, and technology. FSN Capital partners with companies to drive growth and transformation, primarily catering to institutional investors and pension funds seeking sustainable returns. Notably, FSN Capital has made significant acquisitions in the water resources engineering context, such as iMPREG GmbH, which specializes in trenchless technology for pipe rehabilitation, and Impreg Group, a manufacturer of pipe liner systems. These transactions highlight FSN Capital's commitment to investing in companies that contribute to water management and infrastructure, making them a relevant player in the water resources engineering sector.


8. Fabricom AS

  • Website: endur.no
  • Type: Corporate
  • Headquarters: Stavanger, Rogaland, Norway
  • Founded year: 1992
  • Headcount: 501-1000
  • Number of deals in 2024: 1
  • LinkedIn: fabricomas

Fabricom AS, a corporate investor based in Stavanger, Norway, is part of Endúr ASA, a company specializing in marine infrastructure and aquaculture solutions. Founded in 1992, Endúr ASA has established itself as a key player in constructing and maintaining marine structures, catering to the needs of the marine and aquaculture sectors. In recent years, Fabricom AS has made significant acquisitions to bolster its capabilities in these areas. Notably, the acquisition of Artec Aqua AS for NOK 600 million enhances their position in land-based fish farming, which is crucial for sustainable aquaculture practices. Additionally, the acquisition of Marcon, a Swedish marine infrastructure group, further expands their reach in marine construction. Their recent acquisition of Norsk Bergsikring AS, focused on infrastructure rehabilitation, highlights their commitment to projects that may involve water management and environmental safety. These transactions reflect Fabricom AS's strategic focus on sectors that are integral to water resources engineering.


9. Ramboll

  • Website: ramboll.com
  • Type: Corporate
  • Headquarters: Copenhagen, Denmark
  • Founded year: 1945
  • Headcount: 10001+
  • Number of deals in 2024: 3
  • LinkedIn: ramboll

Ramboll Group A/S is a global engineering, architecture, and consultancy company based in Copenhagen, Denmark, founded in 1945. With a workforce of over 18,000 employees operating in more than 35 countries, Ramboll provides sustainable solutions across various sectors, including energy, environment, and infrastructure. The company has been actively expanding its capabilities through strategic acquisitions. For instance, their acquisition of Web Structures, a design and engineering consultancy, enhances their presence in Southeast Asia, potentially allowing them to address water resource challenges in that region. Additionally, the acquisition of Wandschneider + Gutjahr, a waste-to-energy engineering consultancy, indicates their focus on sustainable transformation, which often involves water management. Their acquisition of K2 Management further strengthens their consulting capabilities, which can be applied to water resources projects. Overall, Ramboll's diverse expertise and commitment to sustainability position them as a relevant player in the water resources engineering sector.


10. CapMan

  • Website: capman.com
  • Type: Private Equity
  • Headquarters: Helsinki, Uusimaa, Finland
  • Founded year: 1989
  • Headcount: 51-200
  • Number of deals in 2024: 4
  • LinkedIn: capman

CapMan Oyj is an investment management firm based in Helsinki, Finland, specializing in private equity, real estate, infrastructure, and natural capital investments. Founded in 1989, CapMan serves institutional investors by providing access to diverse investment strategies aimed at achieving sustainable returns. The firm has a strong presence in the Nordic markets and leverages its expertise to manage funds and drive value creation for its clients. Notably, CapMan has made significant investments in companies relevant to water resources engineering, including KotiSun Group, which focuses on the renovation of service water, heating, and drainage systems. This investment highlights CapMan's commitment to sectors that contribute to sustainable water management. Additionally, their acquisition of NYAB and involvement with Marinetek Group further demonstrate their diverse investment portfolio, although these companies are less directly related to water resources engineering.


11. Polygon Group


Polygon Group is a corporate investor based in Stockholm, Sweden, founded in 1955. The company specializes in property damage control services, focusing on restoring properties affected by water, fire, and climate damage. They serve various industries, including facility management, education, and insurance, providing essential restoration and consulting services to mitigate property damage and ensure rapid recovery. Notably, Polygon Group has made several strategic acquisitions to enhance their capabilities in water damage restoration, including the acquisition of Aquaser, a property damage restoration company in France, which strengthens their regional coverage in water-related services. Other acquisitions, such as BM Fuktteknik and RecoSan, further illustrate their commitment to expanding their expertise in managing water damage and related restoration services across Europe.


12. Addtech AB

  • Website: addtech.se
  • Type: Corporate
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 1906
  • Headcount: 1001-5000
  • Number of deals in 2024: 9
  • LinkedIn: addtech-ab

Addtech AB is a corporate investor based in Stockholm, Sweden, specializing in high-tech products and services across multiple sectors, including automation, electrification, energy, industrial solutions, and process technology. Founded in 1906, Addtech serves OEM manufacturers and end-users, enhancing operational efficiency and sustainability through innovative solutions. Notably, in December 2023, Addtech Process Technology announced the acquisition of an 80% stake in Kemic Vandrens A/S, a prominent supplier of water purification solutions in Denmark, which is expected to positively impact their earnings. This strategic move highlights Addtech's commitment to the water resources engineering sector. Additionally, their diverse portfolio includes acquisitions in related fields, such as Feritech Global, which specializes in geotechnical subsea solutions, further showcasing their broad technological expertise.



Water Resources Engineering Insights: Key Investors in the Nordics


InvestorHeadquarterSizeFoundedDeals 2024
KatapultOslo, Oslo, Norway11-5020178
AlmiStockholm, Stockholm, Sweden201-50019947
EQT GroupStockholm, Stockholm, Sweden1001-5000199430
Indutrade Life ScienceStockholm, Stockholm, Sweden1001-5000197814
Chalmers VenturesSweden11-50201526
RejlersStockholm, Stockholm, Sweden1001-500019421
FSN Capital PartnersOslo, Oslo, Norway51-20019990
Fabricom ASStavanger, Rogaland, Norway501-100019921
RambollCopenhagen, Denmark10001+19453
CapManHelsinki, Uusimaa, Finland51-20019894
Polygon GroupStockholm, Stockholm, Sweden5001-1000019550
Addtech ABStockholm, Stockholm, Sweden1001-500019069


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