The lighting equipment sector for cinematographers in the Nordics is vital to film production, offering advanced lighting solutions that enhance visual storytelling. Companies range from niche manufacturers to established firms, producing innovative technologies such as LED lights, wireless control systems, and emergency lighting. As the industry embraces sustainability and energy efficiency, investments in greener technologies continue to rise. Additionally, there is a growing shift towards intelligent lighting systems integrating smart technology, catering to evolving production demands. With film and television consumption escalating in the Nordics, the competition among businesses is intensifying, driving innovation and collaboration.


The investor landscape for lighting equipment includes a mix of corporate firms and private equity players. These investors, headquartered primarily in Sweden and Norway, vary in size and scope—some managing substantial portfolios while others focus on niche markets. Founded between 1866 and 2015, these firms have collectively engaged in 84 investments in 2024, exemplifying their commitment to growth in this specialized sector. Companies like Indutrade AB and EQT Group stand out with their strategic deals expanding into lighting technologies, showcasing a robust interest in enhancing cinematographic solutions.


Top 13 Lighting Equipment for Cinematographers 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 is part of an industrial group that specializes in 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 strategic acquisitions in the lighting sector, including the acquisition of Nortronic AS, a Norwegian lighting company, in March 2020. This acquisition, which had an annual sales figure of approximately NOK 55 million, highlights Indutrade's commitment to expanding its portfolio in the lighting industry. Other acquisitions, such as those in machinery and technical trading, further demonstrate Indutrade's broad industrial focus, but their involvement in lighting makes them a relevant player in the cinematography equipment space.


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 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 through tailored financial solutions and guidance. Among its notable transactions, Almi has invested in LumenRadio, a company known for its innovative wireless lighting control solutions, which are relevant to the cinematography industry. Almi's investment in LumenRadio, along with its other transactions, demonstrates its commitment to supporting companies that may contribute to advancements in lighting technology, making it a potential investor for those in the cinematography lighting equipment sector.


3. 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 sectors, including Electrify, Control, and TecSec. Their business model emphasizes acquisitions and organic growth, catering primarily to business customers seeking tailored technology solutions. Notably, Lagercrantz has made strategic acquisitions in the lighting sector, including Exilight Oy, which specializes in emergency lighting systems for the building sector. This acquisition, announced on December 23, 2016, highlights Lagercrantz's commitment to expanding its portfolio in lighting solutions. Additionally, their recent acquisitions, such as Mastsystem and Supply Plus, further demonstrate their active engagement in sectors that may intersect with lighting technology, although these companies focus on different areas like fire rescue equipment. Overall, Lagercrantz Group AB's diverse investments and focus on niche markets position them as a potential investor in the lighting equipment for cinematographers 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 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. Notably, EQT has been involved in significant transactions within the entertainment industry, such as the acquisition of Cast & Crew Entertainment Services, a leading provider of software and services to the entertainment sector. This acquisition aligns with their strategy to support growth and international expansion in the entertainment field, which encompasses cinematography and related equipment. Additionally, EQT's involvement with companies like Carl Zeiss Vision and Sola International, both of which operate in optics, further demonstrates their engagement in sectors that may intersect with lighting and cinematography.


5. 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 develops and acquires businesses characterized by high technical expertise, operating through over 200 subsidiaries. Indutrade provides a wide range of industrial and technological products across various sectors, including infrastructure, medical technology, and energy. Notably, in 2017, Indutrade acquired Wennerström Ljuskontroll AB, a Swedish technology sales company specializing in lighting components, which had annual sales of approximately SEK 110 million. This acquisition was integrated into Indutrade's Industrial Components business area, highlighting their focus on the lighting sector. Additionally, Indutrade has made other acquisitions in technology and industrial fields, reinforcing their strategy to strengthen their market position in attractive segments.


6. 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, founded in 1906. The company specializes in providing technology solutions across various sectors, including automation, electrification, energy, industrial solutions, and process technology. In recent years, Addtech has made several strategic acquisitions that enhance its portfolio in the lighting sector, notably acquiring Prisma Light in June 2018, which is directly relevant to lighting equipment. Furthermore, their acquisition of Unilite in September 2024 further emphasizes their commitment to expanding their presence in the lighting market. These transactions highlight Addtech's focus on innovative solutions that can improve operational efficiency and sustainability, making them a significant player in the lighting equipment industry for cinematographers.


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 aims to partner with companies to drive growth and transformation, primarily catering to institutional investors and pension funds seeking sustainable returns. Notably, FSN Capital has been involved in transactions with companies like Aura Light, which focuses on lighting solutions, and Jamo, known for audio equipment, both of which are relevant to the cinematography field. Their investment in these companies showcases their engagement in sectors that intersect with lighting equipment for cinematographers, making them a potential investor in this niche.


8. Accent Equity


Accent Equity is a private equity firm based in Stockholm, Sweden, founded in 1994. The firm specializes in investments in private Nordic companies, focusing on enhancing the value of its portfolio through strategic management and investment to create sustainable growth and superior returns. Among their notable transactions, Accent Equity acquired Bogfelts in 2016, a company recognized for its expertise in street and outdoor lighting installation and service. This acquisition aligns with their strategy to support growth in the lighting sector. Additionally, they have made other acquisitions, such as Belid and Plockmatic Group, which, while not directly related to cinematography, showcase their active investment approach in various industries. Overall, Accent Equity's involvement in the lighting sector through Bogfelts positions them as a relevant investor in the lighting equipment for cinematographers context.


9. Polaris Private Equity


Polaris Private Equity is a private equity firm based in Copenhagen, Denmark, founded in 1998. The firm specializes in investment management, focusing on supporting mid-sized companies in the Nordic region through tailored investment strategies, including private equity, flexible capital, and public equity. Polaris partners with management teams to drive growth and operational improvements, helping these companies realize their full potential. Notably, Polaris acquired Louis Poulsen, a prominent lighting manufacturer, from the Italian Targetti Sankey Group in 2014, which highlights their engagement in the lighting sector. This acquisition, valued around 700 million DKK, positions Polaris as a player in the lighting industry, making them a relevant investor for lighting equipment for cinematographers. Additionally, Polaris has made investments in various sectors, including digital marketing and telecommunications, showcasing their diverse investment portfolio.


10. Innovestor

  • Website: innovestorgroup.com
  • Type: Venture Capital
  • Headquarters: Helsinki, Uusimaa, Finland
  • Founded year: 2014
  • Headcount: 11-50
  • Number of deals in 2024: 12
  • LinkedIn: innovestor

Innovestor is an investment management company based in Helsinki, Finland, specializing in venture capital, real estate, and energy storage. Founded in 2014, they provide funding and support to early-stage startups and corporations, particularly in technology and life sciences. Innovestor has been involved in several transactions, including Ledistys, which raised $765,928 in a seed round in 2017, indicating their engagement in the lighting technology space. Other notable investments include Clair Scientific and AISPECO, which raised significant amounts in 2024, although these companies do not directly relate to lighting equipment for cinematographers. Innovestor's services encompass investment advice, corporate venturing, and participation in accelerator programs, showcasing their commitment to fostering innovation across various sectors.


11. 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. Their model emphasizes active ownership and investment in startups, helping them scale and succeed in the market. Notably, they have been involved in transactions such as LumenRadio, which raised over $1 million in a venture round in 2020 and has a focus on wireless lighting control solutions, making it relevant to the lighting equipment for cinematographers. Additionally, they have invested in other startups like Aluwave and Rdot Display, showcasing their diverse investment portfolio.


12. Ratos

  • Website: ratos.se
  • Type: Private Equity
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 1866
  • Headcount: 11-50
  • LinkedIn: ratos

Ratos is a private equity investment company based in Stockholm, Sweden, founded in 1866. The firm operates across various sectors, including construction, manufacturing, and consumer goods, with a strong emphasis on sustainability and efficiency. Ratos aims to create value for its shareholders while addressing the diverse needs of its customer base. Notably, Ratos has made significant investments in the lighting sector, including the acquisition of Ledil Oy, a Finnish company specializing in secondary optics for LED lighting. This acquisition, valued at approximately EUR 97 million, highlights Ratos's commitment to enhancing technological solutions in lighting, making it a relevant player in the lighting equipment industry for cinematographers. Additionally, Ratos has been involved in other acquisitions, such as Contex, although this company does not directly relate to lighting equipment.


13. Nordic Option Oy

  • Website: nordicoption.fi
  • Type: Venture Capital
  • Headquarters: Oulu, North Ostrobothnia, Finland
  • Founded year: 1994
  • Headcount: 1-10
  • Number of deals in 2024: 1
  • LinkedIn: nordic-option-oy

Nordic Option Oy is a venture capital firm based in Oulu, North Ostrobothnia, Finland, founded in 1994. The firm specializes in providing growth capital and business development support to small and medium-sized enterprises in Northern Finland. They focus on investing in businesses with proven growth potential, offering not only financial resources but also expertise and networks to facilitate their development. Notably, Nordic Option has been involved in transactions such as Valtavalo, which raised funds in a private equity round in 2015. Valtavalo is known for its innovative lighting solutions, which are relevant to the cinematography industry. Additionally, they participated in the funding of SPECIM, another company that may have applications in various technological fields. These transactions highlight Nordic Option's engagement in sectors that can intersect with lighting equipment for cinematographers, showcasing their potential relevance in this niche market.



Lighting Equipment for Cinematographers Insights: Key Investors in the Nordics


InvestorHeadquarterSizeFoundedDeals 2024
Indutrade Life ScienceStockholm, Stockholm, Sweden1001-5000197814
AlmiStockholm, Stockholm, Sweden201-50019947
Lagercrantz Group ABStockholm, Stockholm, Sweden1001-500020016
EQT GroupStockholm, Stockholm, Sweden1001-5000199430
Indutrade ABStockholm, Stockholm, Sweden5001-1000019781
Addtech ABStockholm, Stockholm, Sweden1001-500019069
FSN Capital PartnersOslo, Oslo, Norway51-20019990
Accent EquityStockholm, Stockholm, Sweden11-5019944
Polaris Private EquityCopenhagen, Denmark51-20019984
InnovestorHelsinki, Uusimaa, Finland11-50201412
Chalmers VenturesSweden11-50201526
RatosStockholm, Stockholm, Sweden11-5018660
Nordic Option OyOulu, North Ostrobothnia, Finland1-1019941


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