The hydropower engineering consultancy industry in the Nordics focuses on providing expert advice and solutions related to hydropower projects. Companies in this sector range from small specialized firms to large multinational corporations, offering services that include feasibility studies, project management, environmental assessments, and technological innovations. With the increasing demand for sustainable energy sources and a strong regulatory framework supporting renewable energy, the industry is poised for growth. Interestingly, the Nordics' unique geography lends itself well to hydropower potential, creating opportunities for advancing clean energy initiatives across the region.

This list highlights a mix of investors in the hydropower engineering consultancy industry. Including venture capital firms, corporate giants, and private equity players, these investors are based in key Nordic cities like Stockholm, Oslo, and Helsinki. They range in size from small firms to global entities, each with years of experience dating back to the mid-1800s. In 2024, they collectively pursued a range of investments, reinforcing their commitment to green energy and innovation in hydropower consultancy.

Top 9 Hydropower Engineering Consultancy 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 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. Their clients include businesses and organizations seeking to enhance efficiency and sustainability in their operations. In recent years, AFRY has made several strategic acquisitions to bolster its capabilities in the renewable energy sector. Notably, they acquired Numerola Oy, a leading provider of digital solutions in wind power, and a Dutch renewables consultancy company, which indicates a focus on enhancing their expertise in renewable energy. While these transactions do not specifically mention hydropower, they demonstrate AFRY's commitment to expanding its footprint in the renewable energy consultancy space, which may include hydropower engineering consultancy in the future.

2. 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 through tailored financial solutions and guidance. Notably, Almi has participated in several transactions related to renewable energy, including investments in companies like CorPower Ocean, which focuses on wave energy technology, and Waves4Power, which is also involved in marine energy solutions. These investments reflect Almi's commitment to supporting innovative technologies in the renewable energy sector, which is closely related to hydropower engineering consultancy.

3. 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 wide range of services, including project management, digital solutions, and sustainable energy consulting, catering to both businesses and public authorities. With operations across the Nordic region and the UAE, Rejlers aims to address modern challenges and help clients achieve sustainability goals. Notably, Rejlers has made significant acquisitions to strengthen its position in the energy sector. In March 2021, they acquired HydroTerra Ingenjorer, a consultancy firm specializing in hydropower engineering, which enhances their capabilities in this area. Additionally, they have acquired other firms like Solvina, which focuses on the electric power industry, and Umeå Industri och Kraftkonsult AB, further diversifying their expertise in energy consulting. These strategic moves highlight Rejlers' commitment to expanding its influence in the energy sector, including hydropower engineering consultancy.

4. 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, founded in 1945 and headquartered in Copenhagen, Denmark, is a leading global engineering, architecture, and consultancy firm with over 18,000 employees operating in more than 35 countries. The company specializes in providing sustainable solutions across various sectors, including energy, environment, and infrastructure. In 2024, Ramboll has made significant strides in expanding its capabilities through strategic acquisitions. Notably, they acquired K2 Management, which enhances their expertise in energy consultancy, and acondas, a management consultancy that strengthens their capabilities in the energy sector. These transactions indicate Ramboll's commitment to enhancing its presence in the energy market, which includes hydropower engineering consultancy. Their focus on sustainable transformation and innovative design positions them as a relevant player in the hydropower sector.

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 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 made several strategic acquisitions to enhance its capabilities in the energy sector. Notably, they acquired Power System Dynamics, a firm specializing in high-voltage power systems, which strengthens their service offerings in power system planning. Additionally, DNV's acquisition of Enviroguide Consulting and Ocean Ecology, which focuses on marine ecological services, further demonstrates their commitment to expanding their expertise in environmental and energy consultancy. These transactions highlight DNV's active role in the energy consultancy space, making them a relevant player in hydropower engineering consultancy.

6. 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 that provides comprehensive services across multiple sectors, including construction, renewable energy, and environmental management. The firm has been actively expanding its capabilities through strategic acquisitions, such as the recent acquisition of Petter J. Rasmussen in May 2024, which enhances their engineering expertise. In November 2022, they acquired Roar Jørgensen AS, further strengthening their position in the engineering consultancy market. Additionally, their acquisition of A-Lab AS in June 2023 for NOK 145 million indicates a focus on innovative design and engineering solutions. These transactions reflect Multiconsult's commitment to enhancing their service offerings, particularly in areas relevant to hydropower engineering consultancy, making them a significant player in the renewable energy sector.

7. 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, 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 emphasizes fostering sustainable growth through partnerships and investment management. Notably, they have invested in Hydroline, a company involved in the hydropower sector, as part of a financial arrangement worth approximately EUR 20 million aimed at supporting the company's international growth. This investment highlights their engagement with the hydropower industry. Additionally, they have made investments in companies like Co-Engineering, Taratest, and Flowplus, which, while not directly related to hydropower consultancy, demonstrate their broader interest in engineering and maintenance services that could intersect with hydropower projects.

8. Nordic Investment Bank

• Website: nib.int
• Type: Corporate
• Headquarters: Helsinki, Uusimaa, Finland
• Founded year: 1976
• Headcount: 201-500
• Number of deals in 2024: 19
• LinkedIn: nordic-investment-bank

Nordic Investment Bank (NIB) is a public entity based in Helsinki, Finland, founded in 1976. It specializes in providing sustainable financing solutions for projects in the Nordic and Baltic regions. NIB offers a variety of loan products, including corporate, sovereign, and sustainability-linked loans, aimed at both private and public sector customers. In 2024, NIB was involved in several significant debt financing transactions, including Å Energi, which raised over $94 million, and Statnett, which secured nearly $90 million. Additionally, Lappeenrannan energia and Latvenergo raised $16 million and $238 million, respectively, in debt financing. These transactions highlight NIB's commitment to supporting energy projects, including those in the hydropower sector, thereby enhancing productivity and environmental benefits through its financing solutions.

9. Summa Equity

• Website: summaequity.com
• Type: Private Equity
• Headquarters: Stockholm, Stockholm, Sweden
• Founded year: 2016
• Headcount: 51-200
• Number of deals in 2024: 6
• LinkedIn: summa-equity

Summa Equity is a private equity firm based in Stockholm, Sweden, founded in 2016. The firm specializes in thematic investments that address global challenges, with a strong emphasis on sustainable investment solutions across various sectors, including resource efficiency and technology. Summa Equity manages over £4 billion in equity and focuses on aligning financial returns with positive societal impact. Notable transactions include the acquisition of EA Technology, a company specializing in power grid management, which positions itself for growth as the energy sector transitions to renewable sources. Additionally, Summa Equity has invested in ZeroAvia, a company working on sustainable aviation technology, which includes the development of modular powertrains that could have applications in renewable energy sectors. These investments reflect Summa Equity's commitment to supporting the transition to sustainable energy solutions, making them a relevant player in the hydropower engineering consultancy space.

Hydropower Engineering Consultancy Insights: Key Investors in the Nordics

Investor	Headquarter	Size	Founded	Deals 2024
Afry	Stockholm, Stockholm, Sweden	10001+	1895	1
Almi	Stockholm, Stockholm, Sweden	201-500	1994	7
Rejlers	Stockholm, Stockholm, Sweden	1001-5000	1942	1
Ramboll	Copenhagen, Denmark	10001+	1945	3
Dnv	Oslo, Oslo, Norway	10001+	1865	4
Multiconsult	Oslo, Oslo, Norway	1001-5000	1908	1
Juuri Partners	Helsinki, Uusimaa, Finland	11-50	2015	1
Nordic Investment Bank	Helsinki, Uusimaa, Finland	201-500	1976	19
Summa Equity	Stockholm, Stockholm, Sweden	51-200	2016	6

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