The timber logging industry in the Nordics is dynamic and vital, focusing on sustainable forestry practices. Companies in this sector range from large corporations to innovative startups, each contributing to timber processing, forestry management, and eco-friendly product development. As sustainability concerns grow, these firms are increasingly investing in technology to improve logging efficiencies and reduce environmental impact. The industry's future leans towards integrating digital solutions and renewable materials, ensuring timber remains a key resource for construction and packaging. With a wealth of natural resources, the Nordics are well-positioned to face global demand while prioritizing ecological balance.


In this article, we explore a select group of investors driving the Nordic timber logging scene. The list includes a mix of private equity firms and corporate investors based in Stockholm, Helsinki, and Oslo, showcasing a broad geographical and operational scope. With varying sizes from start-ups to large corporations, these firms have made notable investments in 2024, focusing on innovative timber technologies and sustainable practices. Founded between 1689 and 2018, these investors exemplify experience and growth potential in the industry. Their strategic partnerships promise to enhance the timber landscape in the coming years.


Top 13 Timber Logging 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. Notably, Almi has been involved in several transactions relevant to the timber logging industry, including an investment in Nordic Forestry Automation, which raised $979,591 in a Series A funding round in July 2023. Additionally, Almi participated in a funding round for Södra, a prominent forestry cooperative, in January 2015. These transactions highlight Almi's engagement in the timber sector, making it a relevant investor in this field.


2. 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. Accent Equity aims to create sustainable growth and superior returns for its clientele across multiple sectors. Notably, the firm has been involved in significant transactions such as the acquisition of Lunawood, a leader in thermally modified timber, which has seen substantial revenue growth. This acquisition highlights Accent Equity's commitment to supporting companies within the timber industry, further solidifying its role as a relevant investor in this sector. Additionally, they have engaged with Eco Log Sweden, indicating a broader interest in the timber and forestry sectors.


3. Stora Enso

  • Website: storaenso.com
  • Type: Corporate
  • Headquarters: Helsinki, Uusimaa, Finland
  • Founded year: 1998
  • Headcount: 10001+
  • Number of deals in 2024: 2
  • LinkedIn: stora-enso

Stora Enso Oyj is a prominent corporate investor based in Helsinki, Finland, specializing in the forest industry with a strong emphasis on renewable materials and products. Founded in 1998, the company has established itself as a leader in providing a diverse range of solutions, including packaging, biomaterials, and wooden construction, catering to various sectors such as food, consumer goods, and construction. In 2024, Stora Enso made notable transactions, including the acquisition of the Junnikkala sawmill company for EUR 137 million, which enhances their capabilities in timber processing and logging. Additionally, they participated in a funding round for the biotech company Arevo AB, although this transaction is less relevant to timber logging. Overall, Stora Enso's strategic focus on sustainability and innovation, coupled with their direct involvement in timber operations, positions them as a significant player in the timber logging industry.


4. Sca

  • Website: sca.com
  • Type: Corporate
  • Headquarters: Sundsvall, Västernorrland, Sweden
  • Founded year: 1929
  • Headcount: 1001-5000
  • LinkedIn: sca-ecosystem

Svenska Cellulosa Aktiebolaget SCA (SCA) is a corporate investor based in Sundsvall, Västernorrland, Sweden, founded in 1929. The company specializes in the production of forest products, including pulp, packaging paper, sawn timber, and pellets. SCA serves various sectors such as packaging, construction, and energy, focusing on sustainable materials and renewable energy solutions. A significant transaction in their portfolio is the acquisition of the Latvian Forest Company, where SCA acquired 10,000 hectares of land, including 7,600 hectares of productive forest land, for SEK 260 million (€26.2 million) in April 2019. This acquisition highlights SCA's commitment to managing and utilizing forest resources effectively, reinforcing their role as a key player in the timber logging industry.


5. 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 a variety of investment strategies aimed at achieving sustainable returns. In December 2023, CapMan expanded its focus into the timber logging sector by acquiring Dasos Capital Oy, an asset management company that specializes in sustainable timberland investment, for approximately EUR 41.6 million. This acquisition is expected to enhance CapMan's assets under management by around EUR 630 million, further solidifying its commitment to natural capital investments and sustainable forestry practices. With a strong presence in the Nordic markets, CapMan leverages its expertise to manage funds and drive value creation for its clients, including those interested in timberland investments.


6. Creandum

  • Website: creandum.com
  • Type: Venture Capital
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 2003
  • Headcount: 11-50
  • Number of deals in 2024: 17
  • LinkedIn: creandum

Creandum is a venture capital firm based in Stockholm, Sweden, founded in 2003. They specialize in supporting early-stage entrepreneurs in building global, category-defining companies. With a focus on providing venture capital investment, strategic support, and networking opportunities, Creandum has made significant investments across various sectors, including fintech and health tech. Notably, they co-led a €5.8 million seed funding round for Timberhub, an Amsterdam-based B2B platform for timber materials, which aims to enhance the digital transformation of the timber industry. This investment highlights Creandum's engagement in the timber sector, showcasing their versatility in supporting innovative companies beyond their primary focus areas.


7. Verdane

  • Website: verdane.com
  • Type: Private Equity
  • Headquarters: Oslo, Oslo, Norway
  • Founded year: 1985
  • Headcount: 51-200
  • Number of deals in 2024: 7
  • LinkedIn: verdane-capital

Verdane is a private equity investment firm based in Oslo, Norway, founded in 1985. The firm specializes in growth equity investments, primarily targeting technology-enabled companies that are focused on digitalization and decarbonization trends. In 2018, Verdane made significant strides in the timber logging context by acquiring majority stakes in Maskinklippet.se and Hylte Jakt och Lantman. These acquisitions aimed to create a leading Nordic niche e-tailer in forestry, gardening, hunting, and outdoor products, showcasing Verdane's interest in the timber and forestry sectors. With a total of 7 investments in 2024, Verdane continues to provide capital and hands-on support to help businesses scale, enhancing their market position and operational efficiency, including those in the timber industry.


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


Husqvarna (China) Machinery Manufacturing Co., Ltd, founded in 1689 and based in Stockholm, Sweden, is a corporate investor specializing in outdoor power equipment. The company is well-known for its high-performance tools designed for forest, park, and garden maintenance, including chainsaws, which are vital for timber logging. Notable transactions include the acquisition of Yazoo/Kees in 1999 and the acquisition of Dixon Industries in 2006, which enhanced their market position in the US, particularly in the lawnmower segment. While these transactions are not directly related to timber logging, the company's core product line includes equipment that is essential for logging operations, making them a relevant player in the industry.


9. Walerud Ventures

  • Website: walerud.com
  • Type: Venture Capital
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 2002
  • Headcount: 1-10
  • Number of deals in 2024: 1
  • LinkedIn: walerud-ventures

Walerud Ventures is a venture capital firm based in Stockholm, Sweden, founded in 2002. The firm focuses on investing in Nordic deep tech startups that contribute to sustainability and innovation. They actively support their portfolio companies in areas such as green technology, advanced materials, and IoT solutions, providing both funding and strategic guidance to help these businesses thrive. Notably, Walerud Ventures has invested in AirForestry, which raised $9,402,894 in a Seed Round in October 2024, and previously raised $230,464 in a Pre-Seed Round in September 2020. AirForestry's focus on forestry indicates Walerud Ventures' engagement in the timber logging sector, aligning with their commitment to sustainability and innovative practices in the industry.


10. Addtech Customised Solution


Addtech Customised Solution is a corporate investor based in Stockholm, Sweden, founded in 1906. The company specializes in providing high-tech products and services primarily for the manufacturing and infrastructure sectors. With a decentralized model comprising 150 independent group companies, Addtech focuses on sustainable growth and entrepreneurship. Their customer base consists mainly of businesses seeking innovative solutions to enhance their operations. A notable transaction in their portfolio is the acquisition of 86% of Valutec Group AB, a leading manufacturer of timber kilns, for SEK 620 million. This acquisition, announced on February 21, 2020, highlights Addtech's commitment to the timber industry, as Valutec has annual sales of approximately SEK 350 million and an operating profit of around SEK 70 million. This strategic move is expected to positively impact Addtech's earnings per share in the upcoming financial year, further solidifying their position in the timber sector.


11. Metsä Spring

  • Website: metsaspring.com
  • Type: Corporate
  • Headquarters: Espoo, Uusimaa, Finland
  • Founded year: 2018
  • Headcount: 11-50
  • Number of deals in 2024: 1
  • LinkedIn: metsaspring

Metsä Spring is the innovation company of Metsä Group, a prominent forest industry company based in Espoo, Uusimaa, Finland. Founded in 2018, Metsä Spring focuses on investing in innovative startups and projects that enhance the sustainable use of wood and forest resources. In 2023, they led a €3 million late seed funding round for Fiberwood, a Finnish startup that aims to scale up production capabilities for wood-based products. This investment highlights Metsä Spring's commitment to advancing technologies that utilize timber resources effectively. In 2024, they participated in a Series A funding round for Fiberwood, raising over $8 million, further solidifying their role in supporting the timber industry and its sustainable development.


12. Afry

  • Website: afry.com
  • Type: Corporate
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 1895
  • Headcount: 10001+
  • Number of deals in 2024: 1
  • LinkedIn: afry

AFRY AB is a consulting and engineering firm based in Stockholm, Sweden, founded in 1895. The company provides a wide range of services including sustainability consulting, digital solutions, and project management across various industries. In 2021, AFRY acquired MosaicMill Oy, a Finnish company specializing in Smart Forestry digital solutions, as part of its strategy to become a global leader in this field. This acquisition highlights AFRY's commitment to enhancing efficiency and sustainability in forestry operations, making them a notable player in the timber logging context.


13. STARK Group

  • Website: starkgroup.dk
  • Type: Corporate
  • Headquarters: Frederiksberg, Frederiksberg, Denmark
  • Founded year: 1896
  • Headcount: 10001+
  • LinkedIn: stark-group-a-s

STARK Group is a corporate investor based in Frederiksberg, Denmark, founded in 1896. As a leading building materials distributor serving professional builders across Europe, STARK Group offers a wide range of heavy construction materials, including timber and eco-labelled products. Their commitment to sustainability empowers builders with insights and product knowledge to support efficient construction projects. A notable transaction involved the acquisition of three branches of Jewson from Compagnie de Saint-Gobain SA for £740 million, which includes operations that likely involve timber distribution. This acquisition is expected to generate significant net sales, further solidifying STARK Group's position in the building materials market, including timber.



Timber Logging Insights: Key Investors in the Nordics


InvestorHeadquarterSizeFoundedDeals 2024
AlmiStockholm, Stockholm, Sweden201-50019947
Accent EquityStockholm, Stockholm, Sweden11-5019944
Stora EnsoHelsinki, Uusimaa, Finland10001+19982
ScaSundsvall, Västernorrland, Sweden1001-500019290
CapManHelsinki, Uusimaa, Finland51-20019894
CreandumStockholm, Stockholm, Sweden11-50200317
VerdaneOslo, Oslo, Norway51-20019857
Husqvarna (China) Machinery Manufacturing Co., LtdStockholm, Stockholm, Sweden501-100016890
Walerud VenturesStockholm, Stockholm, Sweden1-1020021
Addtech Customised SolutionStockholm, Stockholm, Sweden1001-500019061
Metsä SpringEspoo, Uusimaa, Finland11-5020181
AfryStockholm, Stockholm, Sweden10001+18951
STARK GroupFrederiksberg, Frederiksberg, Denmark10001+18960


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