The investment casting industry in the Nordics is a vital sector that provides precision casting solutions for various applications, particularly in automotive, aerospace, and medical devices. This industry features companies focused on innovative manufacturing techniques, utilizing advanced technologies to ensure high-quality production. Many companies are committed to sustainability, incorporating eco-friendly practices to meet the rising demand for green materials. With a strong push towards automation and digitization, the future of investment casting in the Nordics points towards enhanced efficiency, reduced waste, and increased competitiveness on a global scale. The combination of tradition and technology positions this industry for significant growth.


This article highlights top investors in the Nordic investment casting space, featuring both corporate and private equity firms. Based in key Nordic cities such as Stockholm and Oslo, these investors range from smaller teams to larger entities employing thousands, reflecting various investment strategies. Over the past year, many made strategic moves, including Altor Equity Partners and EQT Group, underlining their intent to capitalize on growth in manufacturing and technology sectors. With a focus on equity solutions, these investors are driving advancements in the industry.


Top 8 Investment Casting 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. 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. Notable transactions include the acquisition of Milltech Precision Engineering Ltd, which specializes in precision machining for various manufacturing industries, and TSE Troller AG, a manufacturer of high-quality coating dies. These acquisitions reflect Indutrade's strategy to enhance its portfolio in precision engineering, which is relevant to the investment casting industry. Additionally, their acquisition of MeHow Medical, while primarily in the medical device sector, showcases their broad interest in high-tech industries, further supporting their relevance in the industrial investment landscape.


2. Aboa Venture III Ky


Aboa Venture III Ky is a private equity firm based in Turku, Southwest Finland, founded in 1994. The firm specializes in investment management, focusing on providing equity financing solutions to Finnish businesses with revenues between 2-20 million euros. Aboa Venture III Ky participates in acquisitions and growth investments, primarily targeting small to medium-sized enterprises seeking capital for expansion and restructuring. Notably, they have been involved in several transactions, including Uudenkaupungin Rautavalimo, which is directly related to the investment casting industry, as well as other companies like Purvac, Coreplast Laitila, WM-Plast, and JL Levytekniikka. While their investment portfolio is diverse, their connection to Uudenkaupungin Rautavalimo highlights their potential relevance to the investment casting sector.


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 private equity firm based in Stockholm, Sweden, founded in 1994. The firm specializes in a variety of 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 several significant transactions that align with manufacturing and industrial sectors. For example, their acquisition of Zeus Industrial Products in December 2023 highlights their interest in advanced manufacturing solutions. Additionally, their investment in BBS Automation in April 2018 reflects a commitment to supporting growth in complex manufacturing processes, which may include investment casting technologies. These transactions demonstrate EQT's strategic focus on sectors that are relevant to investment casting, making them a noteworthy investor in this space.


4. 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 focus on enhancing operational efficiency and sustainable growth for its partners. Altor has been involved in several significant transactions, including the acquisition of Norican Group, a prominent player in metallic parts enhancement, which aligns with the investment casting industry. Other notable transactions include the acquisition of Åkers Group, which operates in the steel industry, and Orchid Orthopedic Solutions, showcasing Altor's diverse investment portfolio. Their strategic approach to investments emphasizes digital transformation and tailored strategies, positioning them as a proactive investor in sectors that intersect with investment casting.


5. Norican Group


Norican Group is a corporate investor based in Taastrup, Denmark, specializing in manufacturing technology solutions for the metal industry. Founded in 2008, the company has grown to employ between 1001 and 5000 people. Norican Group focuses on innovation and quality, providing advanced equipment for foundries and metal processing, which are critical components of the investment casting process. Notably, they have made strategic acquisitions in the investment casting space, including the acquisition of Light Metal Casting Solutions Group in February 2017 and Simpson Technologies in October 2022. These acquisitions enhance their capabilities and offerings within the metalcasting industry. Additionally, Norican has invested in DataProphet, a company that provides AI solutions for manufacturing, indicating their interest in integrating advanced technologies into the metal industry. This combination of strategic acquisitions and a focus on innovation positions Norican Group as a relevant player in the investment casting sector.


6. 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 a private equity investment management firm based in Helsinki, Finland, founded in 1989. The firm specializes in private equity, real estate, infrastructure, and natural capital investments, catering primarily to institutional investors. CapMan has a strong presence in the Nordic markets and is known for its expertise in managing funds and driving value creation. Notably, CapMan has made significant investments in the investment casting sector, including the acquisition of Ljunghäll in 2003 and Metal Power Technology Sweden in 2009. These transactions highlight CapMan's commitment to investing in companies that are integral to the investment casting industry, thereby enhancing its portfolio with relevant manufacturing capabilities.


7. Norsk Hydro

  • Website: hydro.com
  • Type: Corporate
  • Headquarters: Oslo, Oslo, Norway
  • Founded year: 1905
  • Headcount: 10001+
  • Number of deals in 2024: 1
  • LinkedIn: norsk-hydro

Norsk Hydro ASA, founded in 1905 and based in Oslo, Norway, is a prominent aluminium manufacturer and renewable energy provider. The company specializes in producing low-carbon and recycled aluminium products, catering to various sectors, including automotive, construction, and packaging. Hydro is committed to sustainability and innovation, focusing on recycling and renewable energy solutions to meet the growing demand for eco-friendly materials. In recent transactions, Hydro has made significant moves in the aluminium sector, including the acquisition of Alumetal S.A., which enhances their strategic position in the market. They also acquired Wells Aluminium Corporation and Hueck's building systems and extrusion business, further solidifying their presence in the aluminium industry. These transactions indicate Hydro's active role in the aluminium market, which is closely related to investment casting processes.


8. Procuritas

  • Website: procuritas.com
  • Type: Private Equity
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 1986
  • Headcount: 11-50
  • LinkedIn: procuritas-ab

Procuritas is a private equity investment firm based in Stockholm, Sweden, founded in 1986. The firm specializes in private equity and growth capital investments, partnering with entrepreneurs and business owners to provide capital and strategic guidance aimed at achieving market leadership. Procuritas has a diverse portfolio that includes various industries, such as e-commerce and healthcare. Notably, they have made significant investments in the manufacturing sector, including the acquisition of DISA Holding AG, a prominent global manufacturer of moulding and shot blast equipment, which is crucial for the investment casting process. This acquisition, announced on April 15, 2005, involved a committed capital of €230 million, indicating their strong financial backing and strategic interest in the manufacturing domain. Additionally, they acquired Gram Equipment AS, a leading supplier of advanced ice cream machines, further demonstrating their investment capabilities across different manufacturing sectors.



Investment Casting Insights: Key Investors in the Nordics


InvestorHeadquarterSizeFoundedDeals 2024
Indutrade Life ScienceStockholm, Stockholm, Sweden1001-5000197814
Aboa Venture III KyTurku, Southwest Finland, Finland1-1019940
EQT GroupStockholm, Stockholm, Sweden1001-5000199430
Altor Equity PartnersStockholm, Stockholm, Sweden51-20020036
Norican GroupTaastrup, Denmark1001-500020080
CapManHelsinki, Uusimaa, Finland51-20019894
Norsk HydroOslo, Oslo, Norway10001+19051
ProcuritasStockholm, Stockholm, Sweden11-5019860


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