The forensic engineering industry in the Nordics applies technical expertise to investigate and analyze failures and accidents. Companies in this sector include engineering consultancies, technology providers, and specialized solution firms. They offer services ranging from structural assessments and accident reconstruction to analysis of failures in various fields like construction, manufacturing, and environmental studies. This industry is seeing increased investment as demand grows for accountability in safety standards and sustainable practices. With a focus on innovation and technological advances, forensic engineering is evolving, integrating data analytics, AI, and simulation technologies to improve investigative processes and outcomes.


The list features a blend of 16 investors, including corporate entities, venture capital firms, and private equity groups. Majority of them are headquartered in Stockholm and Helsinki, showcasing the Nordic region's central role in this sector. Ranging from 50 to over 18,000 employees, these investors span diverse sizes and their inception years vary, with some like DNV founded back in 1865. In 2024, notable investments include Indutrade Life Science's foray into fingerprint technology and EQT Ventures, heavily backing innovative engineering startups. This acts as a window into the synergy between funding and advancement in forensic engineering.


Top 16 Forensic Engineering 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 focuses on developing and acquiring companies with high technical expertise across various sectors, including technology and industrial products. In 2024, Indutrade made significant strides in the forensic engineering field by acquiring West Technology Systems Ltd., a British company known for its fingerprint forensic systems, which generates annual sales of approximately GBP 4 million. This acquisition is expected to enhance Indutrade's earnings per share and reflects their commitment to expanding their portfolio in specialized areas. Additionally, Indutrade has a history of acquiring companies like Nolek AB, which produces instruments for leak testing, and Ingenjörsfirman Geotech Aktiebolag, specializing in geotechnical field equipment, further demonstrating their focus on technical expertise and innovative solutions.


2. Etteplan

  • Website: etteplan.com
  • Type: Corporate
  • Headquarters: Espoo, Uusimaa, Finland
  • Founded year: 1983
  • Headcount: 1001-5000
  • Number of deals in 2024: 3
  • LinkedIn: etteplan-group

Etteplan is a technology service company based in Espoo, Uusimaa, Finland, founded in 1983. With a workforce of 1001-5000 employees, Etteplan specializes in providing engineering solutions and software services to industrial businesses, focusing on enhancing efficiency and sustainability through innovative technologies. Their client base spans various sectors, including aerospace, automotive, and medical technology, which require advanced technical expertise and support. In recent years, Etteplan has made several strategic acquisitions to bolster its engineering capabilities. Notably, they acquired LAE Engineering GmbH, an engineering company specializing in electrical planning and industrial automation, which could intersect with forensic engineering applications. Additionally, their acquisition of High Vision Engineering AB, a Swedish engineering service company, strengthens their automotive expertise, potentially relevant to forensic investigations in that sector. These transactions reflect Etteplan's commitment to expanding its engineering services, which may include forensic engineering solutions.


3. Addnode Group AB

  • Website: addnodegroup.com
  • Type: Corporate
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 2003
  • Headcount: 1001-5000
  • Number of deals in 2024: 4
  • LinkedIn: addnode-group-ab

Addnode Group AB is a corporate investor based in Stockholm, Sweden, specializing in digital solutions that enhance operational efficiency in various sectors, including construction and manufacturing. Founded in 2003, the company has a decentralized business model that supports its subsidiaries in pursuing organic growth and strategic acquisitions. Notable transactions include the acquisition of Optimec, a company focused on Computer-Aided Engineering technologies, which strengthens Addnode's capabilities in engineering software. Additionally, the acquisition of Simuleon, a specialist in simulation technologies, further aligns with forensic engineering needs, as simulation plays a critical role in analyzing and reconstructing engineering failures. Other relevant acquisitions, such as Intrinsys and Symetri, also contribute to their expertise in PLM and design management, making Addnode Group a significant player in the engineering software market.


4. Equinor

  • Website: equinor.com
  • Type: Corporate
  • Headquarters: Stavanger, Rogaland, Norway
  • Founded year: 1972
  • Headcount: 10001+
  • Number of deals in 2024: 6
  • LinkedIn: equinor

Equinor ASA is a public entity based in Stavanger, Norway, primarily operating in the energy sector with a focus on oil, gas, and renewable energy. Founded in 1972, Equinor has a workforce of over 10,000 employees and is committed to sustainability, aiming to achieve net-zero emissions by 2050. The company serves a diverse customer base, including governments and industries, providing energy solutions that address climate challenges while ensuring energy security. In recent years, Equinor has expanded its investment portfolio through its venture capital arm, Equinor Ventures, participating in funding rounds for companies that are relevant to forensic engineering. Notable transactions include investments in Vaarst, which raised $20 million to enhance its computer vision and data management capabilities, and ScoutDI, which focuses on drone inspection technology. These investments highlight Equinor's interest in innovative technologies that could support forensic engineering applications, particularly in inspection and data analysis.


5. Dnv

  • Website: dnv.com
  • Type: Corporate
  • Headquarters: Oslo, Oslo, Norway
  • Founded year: 1865
  • Headcount: 10001+
  • Number of deals in 2024: 4
  • LinkedIn: dnvgl

Det Norske Veritas (DNV) is a global consulting firm founded in 1865, headquartered in Oslo, Norway. With over 10,000 employees, DNV specializes in advisory, certification, classification, and cyber security services across various industries, including maritime, oil and gas, and renewable energy. In 2023, DNV acquired Enviroguide Consulting, enhancing its consulting capabilities, which could be relevant for forensic investigations. Additionally, the acquisition of Power System Dynamics in 2022, a firm specializing in high-voltage power systems, further strengthens DNV's expertise in engineering and risk management, areas that are critical in forensic engineering. DNV's acquisition of Åkerblå, leading to full ownership of Ocean Ecology, also reflects their commitment to expanding their consulting services in ecological assessments, which can intersect with forensic investigations in environmental contexts. Overall, DNV's diverse portfolio and recent transactions suggest a strategic alignment with forensic engineering principles.


6. 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. It specializes in providing funding to promising startups and companies, helping them grow and achieve market leadership. Investinor collaborates with entrepreneurs and other investors, managing state interests in seed and venture funds. Notable transactions include investments in companies like Intelecy, which offers a no-code AI platform for industrial engineers, indicating a focus on technology that could be applicable in forensic engineering contexts. Other investments, such as those in oil services and industrial technology firms, suggest a broader interest in engineering-related sectors, although they do not specifically target forensic engineering.


7. Trelleborg Group

  • Website: trelleborg.com
  • Type: Corporate
  • Headquarters: Trelleborg, Skåne, Sweden
  • Founded year: 1905
  • Headcount: 10001+
  • Number of deals in 2024: 7
  • LinkedIn: trelleborggroup

Trelleborg Group is a corporate investor based in Trelleborg, Skåne, Sweden, specializing in engineered polymer solutions. Founded in 1905, the company has grown to employ over 10,000 people and has made significant investments across various sectors, including aerospace, automotive, healthcare, and marine. In 2022, Trelleborg Group expanded its portfolio by acquiring Innovative Sewer Technologies, a German manufacturer known for its trenchless pipe repair technology, which is crucial for maintaining and rehabilitating infrastructure. This acquisition aligns with Trelleborg's strategy to enhance its offerings in the trenchless pipe rehabilitation market, a field that often requires forensic engineering expertise to assess the condition of existing systems. Other notable transactions include the acquisition of Laird's Automotive Components and Seaward International Inc., which, while not directly related to forensic engineering, demonstrate Trelleborg's commitment to expanding its technological capabilities and market reach.


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 to businesses across various sectors, including technology and consumer products, with a strong emphasis on enhancing operational efficiency and sustainable growth through tailored investment strategies and digital transformation solutions. Notably, Altor has been involved in significant transactions such as the acquisition of VTU Group GmbH, a prominent process engineering company in the Life Sciences and Green Transition sectors, which reported annual revenues of approximately 175 million Euros in 2022. This acquisition highlights Altor's engagement in the engineering sector, which is relevant to forensic engineering. Additionally, their investment in KAEFER and AGR AS, a technology-based oil services company, further demonstrates their interest in sectors that may intersect with engineering and technology, reinforcing their potential relevance in the forensic engineering landscape.


9. Addtech Customised Solution


Addtech Customised Solution is a corporate investor based in Stockholm, Sweden, specializing in high-tech products and services for the manufacturing and infrastructure sectors. Founded in 1906, the company operates through a decentralized model with 150 independent group companies, emphasizing sustainable growth and entrepreneurship. In recent years, Addtech has made strategic acquisitions to enhance its capabilities in various sectors. Notably, on April 4, 2022, Addtech Industrial Solutions acquired 88% of ImpulseRadar Sweden AB, a company that specializes in ground-penetrating radar technology, which is relevant to forensic engineering applications. Additionally, Addtech has expanded its presence in the environmental sector through acquisitions like Impact Technical Services and C.K. Environment A/S, which focus on instrumentation and solutions for measuring environmental factors. These transactions reflect Addtech's commitment to innovative solutions that can intersect with forensic engineering needs.


10. OpenOcean

  • Website: openocean.vc
  • Type: Venture Capital
  • Headquarters: Helsinki, Uusimaa, Finland
  • Founded year: 2009
  • Headcount: 11-50
  • Number of deals in 2024: 7
  • LinkedIn: openocean-vc

OpenOcean is a venture capital firm based in Helsinki, Uusimaa, Finland, founded in 2009. The firm specializes in investing in early-stage technology startups across Europe, focusing on empowering founders in the data economy by providing capital and expertise to help scale innovative solutions. OpenOcean has been involved in several notable transactions, including their participation in Binalyze's funding rounds, where they contributed to a total of $29 million raised in Seed and Series A financing. Binalyze is recognized for its comprehensive DFIR investigation platform, which is crucial for forensic engineering. Additionally, OpenOcean has invested in other technology companies like RapidMiner, a predictive analytics platform, showcasing their broader interest in technology-driven solutions.


11. 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. Notably, in 2024, Ramboll acquired K2 Management, which enhances their engineering consultancy services, and Wandschneider + Gutjahr, a German waste-to-energy engineering consultancy, which supports their focus on sustainable transformation in waste management and energy transition. These transactions reflect Ramboll's commitment to addressing complex challenges, which is a key aspect of forensic engineering.


12. 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, including healthcare and technology, and partners with management teams to drive growth and operational improvements in portfolio companies. Nordic Capital has a strong focus on creating long-term value and sustainability in its investments. Notably, they have been involved in transactions such as the acquisition of Resman, a SINTEF spin-off that specializes in tracer and data analysis technology for reservoir monitoring, which is relevant to forensic engineering. Additionally, they acquired ERT Clinical, a provider of patient data collection solutions for clinical drug development, showcasing their diverse investment strategy. Their commitment to sustainable investment opportunities aligns with the principles of forensic engineering, which often emphasizes safety and environmental considerations.


13. 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 wide 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. Notably, Indutrade has made strategic acquisitions that enhance its technical capabilities, such as the acquisition of CKJ Steel AS, a supplier of engineering solutions to the pharmaceutical industry, which showcases their commitment to technical expertise. Additionally, their acquisition of Adaero Precision Components and TXRX Systems further illustrates their focus on expanding their engineering and technological footprint, which can be relevant to forensic engineering applications.


14. Intera Partners

  • Website: interapartners.fi
  • Type: Private Equity
  • Headquarters: Helsinki, Uusimaa, Finland
  • Founded year: 2007
  • Headcount: 11-50
  • Number of deals in 2024: 2
  • LinkedIn: intera-partners

Intera Partners is a private equity firm based in Helsinki, Uusimaa, Finland, founded in 2007. The firm specializes in investment management and advisory services, focusing on growing and internationalizing Finnish and Swedish companies with revenues between €10-200 million. Intera Partners emphasizes responsible investing and building strong partnerships with business owners. Notably, they have made significant acquisitions in the engineering sector, including Sitowise Oy and Kreate, both of which provide engineering and construction services. These transactions highlight Intera Partners' strategic interest in companies that may engage in forensic engineering activities, thereby enhancing their portfolio in sectors that align with forensic engineering.


15. EQT Ventures

  • Website: eqtventures.com
  • Type: Venture Capital
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 2015
  • Headcount: 11-50
  • Number of deals in 2024: 28
  • LinkedIn: eqt-ventures

EQT Ventures is a venture capital firm based in Stockholm, Sweden, founded in 2015. The firm specializes in investing in early-stage tech startups, providing not only financial support but also operational assistance to entrepreneurs. They leverage a global network of industry experts to foster growth and innovation. Notably, EQT Ventures has led funding rounds for companies like Flow Engineering, which focuses on hardware engineering software, and Generative Engineering, a provider of physical product design software. These investments highlight their engagement in sectors that are relevant to forensic engineering, as they deal with engineering principles and technology that can be applied in forensic investigations and analyses.


16. Juuri Partners

  • Website: juuripartners.com
  • Type: Corporate
  • Headquarters: Helsinki, Uusimaa, Finland
  • Founded year: 2015
  • Headcount: 11-50
  • Number of deals in 2024: 1
  • LinkedIn:

Juuri Partners is a private equity firm based in Helsinki, Uusimaa, Finland, founded in 2015. The firm specializes in managing investments in growth-oriented Finnish companies, providing financial support and strategic guidance to help these businesses expand and succeed in their respective markets. Juuri Partners focuses on fostering sustainable growth through partnerships and investment management. Notably, they acquired a minority stake in Taratest, a family-owned business that specializes in geotechnical services and environmental surveys for the construction sector, which aligns with forensic engineering practices. Additionally, they participated in a private equity round for Co-Engineering, further indicating their engagement in engineering-related sectors.



Forensic Engineering Insights: Key Investors in the Nordics


InvestorHeadquarterSizeFoundedDeals 2024
Indutrade Life ScienceStockholm, Stockholm, Sweden1001-5000197814
EtteplanEspoo, Uusimaa, Finland1001-500019833
Addnode Group ABStockholm, Stockholm, Sweden1001-500020034
EquinorStavanger, Rogaland, Norway10001+19726
DnvOslo, Oslo, Norway10001+18654
InvestinorTrondheim, Trøndelag, Norway11-5020084
Trelleborg GroupTrelleborg, Skåne, Sweden10001+19057
Altor Equity PartnersStockholm, Stockholm, Sweden51-20020036
Addtech Customised SolutionStockholm, Stockholm, Sweden1001-500019061
OpenOceanHelsinki, Uusimaa, Finland11-5020097
RambollCopenhagen, Denmark10001+19453
Nordic CapitalStockholm, Stockholm, Sweden201-500198910
Indutrade ABStockholm, Stockholm, Sweden5001-1000019781
Intera PartnersHelsinki, Uusimaa, Finland11-5020072
EQT VenturesStockholm, Stockholm, Sweden11-50201528
Juuri PartnersHelsinki, Uusimaa, Finland11-5020151


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