The GIS consulting firms industry in the Nordics encompasses businesses that leverage geographical information systems for analysis, planning, and forecasting across various sectors. Companies in this sector range from large consultancy firms to specialized tech startups, providing services such as spatial data analysis, environmental monitoring, and urban planning solutions. Driven by a growing demand for sustainable practices and smart city innovations, the industry is evolving rapidly. Notably, advancements in data analytics and artificial intelligence are influencing companies’ offerings, positioning GIS as an essential tool in managing environmental challenges and infrastructure development in the region.

The investor landscape in the Nordic GIS consulting sector features a mix of private equity firms, corporate investors, and venture capitalists. Prominent firms like EQT Group and DNV demonstrate robust financial backing and strategic acquisitions. With 2024 investments spanning across the public and private sectors, many of these investors have a significant presence in their local markets, often established for decades. The investor sizes range from a handful of employees to thousands, showcasing varied scales of influence. Overall, this community is gearing towards catalyzing growth in the transforming GIS consulting industry.

Top 16 GIS Consulting Firms Investors in the Nordics

1. 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, based in Stockholm, Sweden, is a corporate investor and consulting firm founded in 1895. The firm specializes in a variety of services, including sustainability consulting, digital solutions, and project management across multiple industries. In recent years, Afry has made several strategic acquisitions to bolster its capabilities in areas relevant to GIS consulting. Notably, they acquired MosaicMill Oy, a company focused on Smart Forestry digital solutions, and Cubiq Analytics Oy, which enhances their data and analytics offerings. These acquisitions reflect Afry's commitment to integrating advanced digital solutions into their consulting services, aligning with the needs of clients in the GIS sector. Their diverse portfolio and focus on sustainability further position them as a significant player in the consulting landscape.

2. 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, founded in 2003 and based in Stockholm, Sweden, is a corporate investor specializing in digital solutions that enhance operational efficiency across various sectors, including construction and manufacturing. The company has a decentralized business model that supports its subsidiaries in pursuing organic growth and strategic acquisitions. Notably, Addnode Group has made several acquisitions that align with GIS consulting, such as Decerno, which they acquired in 2010, and Adtollo in 2017, a company specializing in planning and designing communities. Additionally, their acquisition of Symetri in 2014, which provides IT solutions for design and engineering, further emphasizes their commitment to sectors that intersect with GIS. Their recent acquisition of FAST2 Affärssystem AB in 2023, which focuses on digitization and lifecycle management in the built environment, also aligns with GIS applications, showcasing their strategic direction towards enhancing their offerings in this domain.

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 prominent 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 companies relevant to the GIS consulting industry, such as the acquisition of Innovyze, a water infrastructure analytics firm, for $270 million in 2017. This acquisition highlights EQT's commitment to investing in firms that leverage GIS technologies for infrastructure analytics. Additionally, EQT's recent investment in Neara, which raised $31 million in Series C funding in 2024, further emphasizes their focus on geospatial data and analytics, reinforcing their relevance in the GIS consulting space.

4. 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 corporate consulting firm based in Oslo, Norway, founded in 1865. DNV provides a wide range of services including advisory, certification, classification, and cyber security across various industries such as maritime, oil and gas, and renewable energy. In recent years, DNV has expanded its portfolio through strategic acquisitions, including Enviroguide Consulting, which enhances their environmental consulting capabilities, and Ocean Ecology, a UK-based firm specializing in marine ecological services. These acquisitions reflect DNV's commitment to integrating ecological and environmental considerations into their consulting services, which often utilize GIS technologies for data analysis and decision-making. Furthermore, DNV's acquisition of Power System Dynamics, a grid consulting firm, indicates their involvement in sectors where GIS plays a critical role in infrastructure planning and management. Overall, DNV's diverse investments and focus on risk management and operational efficiency position them as a relevant player in the GIS consulting firms landscape.

5. 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 firm provides a diverse range of services, including project management, digital solutions, and sustainable energy consulting, catering to both businesses and public authorities. With operations in the Nordic region and the UAE, Rejlers focuses on delivering innovative solutions to modern challenges, particularly in the energy and infrastructure sectors. In recent years, Rejlers has made several strategic acquisitions to enhance its service offerings. Notable transactions include the acquisition of Umeå Industri och Kraftkonsult AB, which strengthens their position in the industrial sector, and the public takeover bid for Eurocon Consulting AB, which expands their consulting capabilities. Additionally, their acquisition of Karl Knudsen AS, known for its expertise in building and civil engineering, further diversifies their portfolio. These transactions reflect Rejlers' commitment to growth and innovation, positioning them as a potential player in the GIS consulting space, especially where GIS intersects with infrastructure and energy projects.

6. Ferd AS

• Website: ferd.no
• Type: Private Equity
• Headquarters: Oslo, Oslo, Norway
• Founded year: 1998
• Headcount: 51-200
• LinkedIn: ferd-as

Ferd AS is a private equity investment company based in Oslo, Norway, founded in 1998. The firm focuses on creating lasting value through various business activities, including investment management, real estate development, and support for social entrepreneurs. Ferd has made significant investments across different sectors, including technology and consulting. Notably, they acquired Norkart, a prominent player in the GIS sector, on March 18, 2021, which highlights their interest in GIS consulting. Additionally, Ferd has invested in Forte Digital, a technology consulting company, and has stakes in other technology-focused firms, showcasing their broader strategy of investing in innovative and growth-oriented companies.

7. Multiconsult

• Website: multiconsult.no
• Type: Corporate
• Headquarters: Oslo, Oslo, Norway
• Founded year: 1908
• Headcount: 1001-5000
• Number of deals in 2024: 1
• LinkedIn: multiconsult

Multiconsult ASA, founded in 1908 and based in Oslo, Norway, is a prominent consulting and engineering firm specializing in a wide range of services across sectors such as construction, renewable energy, and environmental management. The firm serves a diverse clientele, including government agencies and private developers, providing expertise in project planning, engineering solutions, and compliance with environmental regulations. In recent years, Multiconsult has been active in expanding its portfolio through acquisitions, including the acquisition of A-Lab AS in June 2023, which may enhance their capabilities in design and planning, potentially integrating GIS technologies. Additionally, their acquisition of Petter J. Rasmussen in May 2024 and other firms like Roar Jørgensen AS and T-2 Prosjekt Vest AS indicates a strategic growth approach that could align with GIS consulting services, as these firms may contribute to projects requiring spatial analysis and environmental assessments.

8. 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, operating primarily in the energy sector with a focus on oil, gas, and renewable energy. Founded in 1972, Equinor has over 10,000 employees and is committed to becoming a net-zero emissions entity by 2050. The company serves a diverse customer base, including governments and industries, providing energy solutions that address climate challenges while ensuring energy security. Notably, Equinor has made strategic investments in companies that leverage data analytics and technology for energy applications. For instance, they participated in the Series B funding of Earth Science Analytics, which focuses on data-driven solutions for the energy sector. Additionally, their involvement in the funding round for ContextLabs highlights their interest in trusted data solutions for decarbonization measurement and monitoring, which can be closely related to GIS applications in environmental and energy management.

9. Kompas Vc

• Website: kompas.vc
• Type: Venture Capital
• Headquarters: Copenhagen, Denmark
• Founded year: 2021
• Headcount: 11-50
• Number of deals in 2024: 7
• LinkedIn: kompasvc

Kompas Vc is a venture capital firm based in Copenhagen, Denmark, founded in 2021. The firm specializes in funding innovative technologies within the building and manufacturing industries, with a strong emphasis on sustainability and digital transformation. They provide essential capital and expertise to startups aiming to decarbonise these sectors. Notably, Kompas Vc has been involved in several transactions that highlight their focus on sustainable technologies. For instance, they led a €5M Series A funding round for Vizcab, a company that offers a SaaS platform for calculating Life Cycle Assessment (LCA) of construction projects, which is relevant to GIS applications in assessing environmental impacts. Other investments include Nala Earth, Optiml, and Viridian Analytics, which, while not directly related to GIS, reflect their commitment to innovative and sustainable solutions. This portfolio indicates a potential openness to GIS consulting firms that align with their investment thesis.

10. 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 prominent global engineering, architecture, and consultancy firm based in Copenhagen, Denmark, founded in 1945. With a workforce of over 18,000 employees operating in more than 35 countries, Ramboll specializes in providing sustainable solutions across various sectors, including energy, environment, and infrastructure. In recent years, Ramboll has made strategic acquisitions to bolster its consulting capabilities. For instance, the acquisition of Web Structures, a leading design and engineering consultancy in Singapore, enhances their presence in Southeast Asia and adds expertise that could be relevant to GIS projects. Additionally, the acquisition of Wandschneider + Gutjahr, a German waste-to-energy engineering consultancy, supports their focus on sustainable transformation, which often intersects with GIS applications in urban planning and environmental management. These transactions reflect Ramboll's commitment to expanding its consultancy services, potentially including GIS-related projects.

11. Epiroc Construction Tools

• Website: epirocgroup.com
• Type: Corporate
• Headquarters: Kalmar, Kalmar, Sweden
• Founded year: 2018
• Headcount: 10001+
• Number of deals in 2024: 3
• LinkedIn: epiroc-construction-tools

Epiroc Construction Tools is a corporate investor based in Kalmar, Sweden, specializing in mining and construction equipment. Founded in 2018, the company has grown rapidly, employing over 10,000 people and making significant investments in innovative technologies. Epiroc's offerings include drill rigs, rock excavation tools, and digital solutions aimed at enhancing productivity and safety in the mining and construction sectors. Notably, Epiroc has made strategic acquisitions to bolster its technological capabilities, including the acquisition of GeoScan, an Australian digital core imaging business, which enhances its offerings in hyperspectral scanning and data processing for mining companies. Additionally, Epiroc's acquisition of Radlink Communications, a company specializing in wireless data and voice communication networks for mining operations, further demonstrates its commitment to integrating advanced technology into its operations. These transactions highlight Epiroc's focus on innovation and technology, which are also critical in the GIS consulting space.

12. 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 construction and engineering sectors, including Sitowise Oy and Kreate, both of which may engage in GIS-related services. Their acquisition of Rototec further demonstrates their strategy of investing in companies that could benefit from GIS technologies in their operations.

13. Norvestor

• Website: norvestor.com
• Type: Private Equity
• Headquarters: Oslo, Oslo, Norway
• Founded year: 1989
• Headcount: 11-50
• Number of deals in 2024: 3
• LinkedIn: norvestor-equity-as

Norvestor is a private equity firm based in Oslo, Norway, founded in 1989. The firm specializes in investment management and advisory services, focusing on partnering with medium-sized Nordic businesses to support their growth and development. Norvestor emphasizes sustainability and invests in various sectors, including IT services and property maintenance. Notably, Norvestor has made significant investments in companies relevant to the GIS consulting industry, such as Cegal, which provides cloud-based GIS solutions for the oil and gas sector. Additionally, their acquisition of Globeteam A/S, a specialized IT consultancy, showcases their commitment to enhancing operational efficiency and market presence in technology-driven sectors. Other investments include Crayon Group and Pearl Group, which further demonstrate Norvestor's diverse portfolio in the IT and consultancy space.

14. Kongsberg Maritime

• Website: kongsberg.com
• Type: Corporate
• Headquarters: Kongsberg, Buskerud, Norway
• Founded year: 1814
• Headcount: 5001-10000
• Number of deals in 2024: 1
• LinkedIn: kongsberg-maritime

Kongsberg Maritime, part of Kongsberg Gruppen, is a corporate investor based in Kongsberg, Buskerud, Norway, with a history dating back to 1814. The company specializes in advanced technology solutions across various sectors, including defense, aerospace, maritime, and digital technologies. Kongsberg Maritime has made significant investments in the GIS consulting space, notably through its acquisition of Kongsberg Geospatial in 2006, which enhances its capabilities in geospatial technology. Additionally, Kongsberg Maritime acquired Hydroid, LLC, a company focused on underwater robotics, which may also have applications in GIS through marine data collection and analysis. These transactions highlight Kongsberg's commitment to integrating innovative technologies that improve operational efficiency and safety, making them a notable player in the GIS consulting industry.

15. 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 specializes in backing ambitious Nordic and Baltic founders, providing venture capital investment and portfolio management services to early-stage tech startups. Inventure has been active in various sectors, including technology and innovation. Notably, they participated in the seed funding round for Value.Space, a UK-based startup that focuses on satellite insurance technology, raising €2.1 million in May 2023. This investment highlights Inventure's interest in the satellite and geospatial data sectors. Additionally, they have invested in GLIMR and FRWD Technologies, further showcasing their commitment to supporting tech-driven companies. While their primary focus is not solely on GIS consulting, their investments in related fields suggest a potential alignment with the GIS industry.

16. Icebreaker.vc

• Website: icebreaker.vc
• Type: Venture Capital
• Headquarters: Helsinki, Uusimaa, Finland
• Founded year: 2016
• Headcount: 11-50
• Number of deals in 2024: 7
• LinkedIn: icebreaker-vc

Icebreaker.vc is a venture capital firm based in Helsinki, Uusimaa, Finland, founded in 2016. The firm specializes in providing funding and support to idea-stage technology startups, primarily in Finland, Estonia, and Sweden. With a team size of 11-50, Icebreaker.vc has been actively investing in various sectors, including technology and potentially GIS-related fields. Notable transactions include their investment in Terramonitor, which raised $175,000 in a pre-seed round in December 2017, indicating their interest in geospatial technology. They also participated in funding rounds for Single.Earth, which focuses on nature-backed tokens, showcasing their commitment to innovative tech solutions. Their recent investments in companies like Clock & Cloud further illustrate their active role in supporting early-stage startups across different technology domains.

GIS Consulting Firms Insights: Key Investors in the Nordics

Investor	Headquarter	Size	Founded	Deals 2024
Afry	Stockholm, Stockholm, Sweden	10001+	1895	1
Addnode Group AB	Stockholm, Stockholm, Sweden	1001-5000	2003	4
EQT Group	Stockholm, Stockholm, Sweden	1001-5000	1994	30
Dnv	Oslo, Oslo, Norway	10001+	1865	4
Rejlers	Stockholm, Stockholm, Sweden	1001-5000	1942	1
Ferd AS	Oslo, Oslo, Norway	51-200	1998	0
Multiconsult	Oslo, Oslo, Norway	1001-5000	1908	1
Equinor	Stavanger, Rogaland, Norway	10001+	1972	6
Kompas Vc	Copenhagen, Denmark	11-50	2021	7
Ramboll	Copenhagen, Denmark	10001+	1945	3
Epiroc Construction Tools	Kalmar, Kalmar, Sweden	10001+	2018	3
Intera Partners	Helsinki, Uusimaa, Finland	11-50	2007	2
Norvestor	Oslo, Oslo, Norway	11-50	1989	3
Kongsberg Maritime	Kongsberg, Buskerud, Norway	5001-10000	1814	1
Inventure	Helsinki, Uusimaa, Finland	11-50	2005	9
Icebreaker.vc	Helsinki, Uusimaa, Finland	11-50	2016	7

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