The automated storage and retrieval systems (ASRS) industry in the Nordics focuses on automating inventory management and logistics solutions. Companies range from robotics manufacturers to software developers, offering systems for warehouses and retail operations. They enable efficient handling, significant space savings, and optimized workflows using cutting-edge technology. Recent advancements in artificial intelligence and machine learning have reshaped this sector, pushing firms to innovate their offerings. The emphasis on sustainability is gaining traction, with many solutions focusing on reducing the carbon footprint while improving efficiency. Overall, the future of ASRS in the Nordics appears promising, fueled by technological advancements and increased market demand.

This list highlights a mix of investors backing the automated storage and retrieval systems sector in the Nordics. These investors include corporate giants like ASSA ABLOY Group, venture capital firms like Almi, and private equity firms like EQT Group. Most are headquartered in Sweden, with a few prominent players in Norway and Denmark. Founded between 1904 and 2014, they range in size from small firms to those with over 10,000 employees. Notably, these investors executed a total of 121 deals in 2024, indicating robust interest in supporting innovative supply chain solutions.

Top 14 Automated Storage and Retrieval Systems 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 its notable transactions, Almi has invested in Nordic Forestry Automation, which raised $979,591 in a Series A funding round in July 2023, indicating a focus on automation technologies. Additionally, Almi participated in funding rounds for companies like FlexQube and STORViX, which are involved in innovative solutions that could relate to automated storage and retrieval systems. This diverse investment portfolio suggests that Almi is open to exploring opportunities within the automation sector, making it a potential player in the automated storage and retrieval systems industry.

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 leading investment firm based in Stockholm, Sweden, specializing in private equity, infrastructure, real estate, growth equity, and venture capital. Founded in 1994, EQT serves institutional investors by providing expertise in managing diverse investment portfolios across multiple sectors and geographies. Notably, EQT has made significant investments in the automated storage and retrieval systems context, including the acquisition of AutoStore, a Norwegian robotics company, for approximately €400 million in December 2016. This acquisition aimed to bolster AutoStore's growth and international expansion, leveraging EQT's extensive network in the industrial sector. Additionally, EQT's investment in Dorner Holding Corp, a company focused on industrial automation, further underscores its commitment to the automation industry. These transactions highlight EQT's strategic focus on innovative technologies that enhance operational efficiency and support the evolution of automated systems.

3. 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 based in Stockholm, Sweden, is a leading security solutions provider 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 numerous acquisitions and a diverse product portfolio. Notably, in 2024, ASSA ABLOY acquired Integrated Warehouse Solutions, a move that aligns with their strategy to enhance their offerings in automated storage and retrieval systems. This acquisition, along with their previous transactions such as the purchase of Traka Plc and 4Front Engineered Solutions, showcases their commitment to innovation and expansion into related sectors, including warehouse automation and access control solutions.

4. A.P. Moller - Maersk

• Website: maersk.com
• Type: Corporate
• Headquarters: Copenhagen, Denmark
• Founded year: 1904
• Headcount: 10001+
• Number of deals in 2024: 4
• LinkedIn: maersk-group

A.P. Møller – Mærsk A/S is a leading logistics company based in Copenhagen, Denmark, specializing in shipping and logistics services globally. Founded in 1904, the company has a workforce of over 10,000 employees and provides comprehensive solutions for shipping, port operations, supply chain management, and warehousing. In recent years, Maersk has shown a keen interest in investing in innovative technologies that enhance logistics efficiency. Notably, they participated in the Series A funding round for Boxbot, which aims to improve delivery experiences through automation. Additionally, Maersk Growth was involved in the funding rounds for Dexory, a company focused on warehouse management solutions, and ISEE, which develops self-driving yard truck solutions. These investments reflect Maersk's commitment to integrating advanced technologies into their operations, particularly in the context of automated storage and retrieval systems.

5. Visma

• Website: visma.com
• Type: Corporate
• Headquarters: Oslo, Oslo, Norway
• Founded year: 1996
• Headcount: 10001+
• Number of deals in 2024: 16
• LinkedIn: visma

Visma is a corporate investor based in Oslo, Norway, founded in 1996. It specializes in providing cloud-based software solutions for accounting, payroll, invoicing, and HR, primarily serving small and medium businesses as well as public sector organizations. Visma has a strong presence in Europe and Latin America, operating through a network of entrepreneurial companies. Notably, Visma has made strategic acquisitions to enhance its offerings in related sectors. For instance, the acquisition of NYCE Solutions AB in 2017, which specializes in warehouse management software, reflects Visma's commitment to integrating logistics and inventory management solutions into its portfolio. This move aligns with the growing importance of automation in the retail sector. Additionally, Visma's recent acquisitions, such as mySupply and ChainTrust, further demonstrate its focus on enhancing digital infrastructure and electronic invoicing, which are essential components of modern automated systems.

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 operates as a technology solutions provider, specializing in high-tech products and services across various sectors, including automation, electrification, energy, industrial solutions, and process technology. Addtech serves OEM manufacturers and end-users, helping them enhance operational efficiency and sustainability through innovative solutions. In recent years, Addtech has made several strategic acquisitions to strengthen its position in the automation market. Notably, they acquired Electric Control Systems Automation AS, which specializes in system integration and automation solutions, and Omniray AG, a technical trading company that enhances their capabilities in the European automation market. These transactions reflect Addtech's commitment to expanding its footprint in automation, making it a relevant player in the automated storage and retrieval systems sector.

7. Inventure

• Website: inventure.vc
• Type: Venture Capital
• Headquarters: Helsinki, Uusimaa, Finland
• Founded year: 2005
• Headcount: 11-50
• Number of deals in 2024: 9
• LinkedIn: inventure

Inventure is a venture capital firm based in Helsinki, Uusimaa, Finland, founded in 2005. The firm focuses on backing ambitious Nordic and Baltic founders, providing venture capital investment and portfolio management services to early-stage tech startups. In 2024, Inventure has made 9 investments, showcasing their active role in the venture capital landscape. Notably, they led a pre-seed funding round for UltiHash, a San Francisco-based startup that aims to accelerate companies' data usage through high-performance data storage software. This investment highlights Inventure's interest in the data storage sector, which is closely related to automated storage and retrieval systems. Additionally, Inventure has been involved in multiple funding rounds for Haltian, a Finnish IoT company, although these transactions are less directly related to automated storage and retrieval systems. Overall, Inventure's engagement with UltiHash positions them as a relevant investor in the automated storage and retrieval systems industry.

8. Altor Equity Partners

• Website: altor.com
• Type: Private Equity
• Headquarters: Stockholm, Stockholm, Sweden
• Founded year: 2003
• Headcount: 51-200
• Number of deals in 2024: 6
• LinkedIn: altor

Altor Equity Partners is a private equity investment management firm based in Stockholm, Sweden, founded in 2003. The firm specializes in providing consulting services across various sectors, including technology and consumer products, with a strong emphasis on enhancing operational efficiency and sustainable growth. Notably, Altor has been involved in several significant acquisitions, including Constructor, a company that specializes in storage solutions, and Piab Group Holding, which operates in automation and material handling. These transactions highlight Altor's commitment to investing in companies that align with technological advancements and operational improvements, making them a strategic player in the automated storage and retrieval systems context.

9. Accent Equity

• Website: accentequity.se
• Type: Private Equity
• Headquarters: Stockholm, Stockholm, Sweden
• Founded year: 1994
• Headcount: 11-50
• Number of deals in 2024: 4
• LinkedIn: accent-equity-partners-ab

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 Lyngsoe Systems, a company involved in automated storage and retrieval systems, in August 2022, highlighting their interest in this sector. Additionally, they have made several other acquisitions, such as San Sac Group, Tempcon Group, Troax AB, and Triarca, which reflect their diverse investment strategy across multiple industries. However, the acquisition of Lyngsoe Systems is particularly relevant as it directly ties to the automated storage and retrieval systems industry.

10. Volvo Group

• Website: volvogroup.com
• Type: Corporate
• Headquarters: Sweden
• Founded year: 1927
• Headcount: 10001+
• Number of deals in 2024: 4
• LinkedIn: volvo-group

Volvo Group is a prominent manufacturing company based in Sweden, specializing in the production of trucks, buses, construction equipment, and marine and industrial engines. Founded in 1927, the company has a strong commitment to innovation and sustainability, serving businesses in the transportation and construction sectors. In recent years, Volvo Group has actively engaged in venture capital investments, particularly through its subsidiary, Volvo Group Venture Capital AB. Notable transactions include participation in a $100 million Series D financing round for FourKites, which focuses on supply chain visibility solutions, and a significant investment in Peloton Technology, which is developing advanced automation solutions for trucking, including a two-truck driver-assistive platooning system. These investments reflect Volvo Group's strategic interest in enhancing operational efficiencies and integrating automation technologies into their core business areas.

11. 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 that align with the automated storage and retrieval systems industry, such as the acquisition of Nikodan Conveyor Systems A/S in 2015, which specializes in high-quality belt conveyors and product handling solutions. This acquisition is expected to enhance Lagercrantz's earnings and indicates their commitment to expanding their capabilities in logistics and material handling. Other acquisitions, such as MH Modules and ARAS Security A/S, further demonstrate their active investment strategy in technology-driven sectors.

12. 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. The firm specializes in supporting early-stage entrepreneurs in building global, category-defining companies by providing venture capital investment, strategic support, and networking opportunities. Creandum has a diverse investment portfolio that spans various sectors, including fintech and health tech. Notably, they have participated in significant funding rounds for companies like CAST AI, which raised $108 million in Series C funding and focuses on cloud-native automation, and Mavenoid, which automates technical support for hardware companies. These investments highlight Creandum's commitment to nurturing innovative technologies that could intersect with automated storage and retrieval systems, making them a relevant player in this space.

13. 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. Notable transactions include the acquisition of Troax AB, which specializes in safety solutions for storage and logistics, and the acquisition of MHP Solution Group, a logistics software company. These transactions suggest an interest in sectors that could relate to automated storage and retrieval systems, although the firm also invests in a diverse range of industries.

14. 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 in technology-enabled companies, focusing on digitalization and decarbonization trends. Verdane provides capital and hands-on support to help businesses scale, primarily targeting technology companies looking to enhance their market position and operational efficiency. Notably, Verdane has been involved in various transactions, including a stake acquisition in Evondos, a Finnish automated medicine dispensing company, which showcases their interest in automated systems. Additionally, they have participated in funding rounds for companies like Ingrid, a Swedish SaaS delivery platform, and Brightpearl, a UK-based business management solutions provider, indicating their broader engagement in technology sectors that may intersect with automated storage and retrieval systems.

Automated Storage and Retrieval Systems Insights: Key Investors in the Nordics

Investor	Headquarter	Size	Founded	Deals 2024
Almi	Stockholm, Stockholm, Sweden	201-500	1994	7
EQT Group	Stockholm, Stockholm, Sweden	1001-5000	1994	30
ASSA ABLOY Group	Stockholm, Stockholm, Sweden	10001+	1994	21
A.P. Moller - Maersk	Copenhagen, Denmark	10001+	1904	4
Visma	Oslo, Oslo, Norway	10001+	1996	16
Addtech AB	Stockholm, Stockholm, Sweden	1001-5000	1906	9
Inventure	Helsinki, Uusimaa, Finland	11-50	2005	9
Altor Equity Partners	Stockholm, Stockholm, Sweden	51-200	2003	6
Accent Equity	Stockholm, Stockholm, Sweden	11-50	1994	4
Volvo Group	Sweden	10001+	1927	4
Lagercrantz Group AB	Stockholm, Stockholm, Sweden	1001-5000	2001	6
Creandum	Stockholm, Stockholm, Sweden	11-50	2003	17
FSN Capital Partners	Oslo, Oslo, Norway	51-200	1999	0
Verdane	Oslo, Oslo, Norway	51-200	1985	7

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