Waterland Private Equity invests in EnviDan, a leading water and environmental engineering company delivering valuable solutions for the water and wastewater industry with a strong position and unique competencies within the entire water cycle – also in a European perspective.
EnviDan has activities in Denmark, Norway and Sweden with more than 260 specialised employees delivering sustainable solutions and turnkey projects in close collaboration with clients and developing digital tools and software that are being used by Nordic utility companies and municipalities. In the 2019/20 financial year, EnviDan generated revenue of DKK 271 million, with an EBITDA of DKK 39.8 million and ensured a historically strong order book.
“We have seen a steadily increasing interest in new and better environmental solutions in recent years, and our skilled EnviDanes’ strong competencies and ability to deliver valuable solutions have been in high demand. 25 years after the foundation of EnviDan, innovation is still paramount, and our professional competencies create a strong foundation for the development of new services and tools that generate value for clients and exciting growth opportunities in the coming years. We are pleased to welcome Waterland who will contribute with capital, competencies and experience from developing growth companies, enabling us to jointly take EnviDan to the European market,” says Morten Fjerbæk, CEO of EnviDan.
The European market for water and environmental engineering solutions and consultancy services is expected to grow steadily in the coming years driven by climate change adaptation of infrastructure, development and penetration of new technologies in the wastewater area, increasing demand for renovation and replacement of sewer systems, sharpened legislation and intensified interest in sustainability.
“EnviDan has created a fantastic company and established a leading position in an attractive market with exciting growth prospects. Demand for EnviDan’s highly specialised consulting services and solutions in the water and environmental area is both increasing and resilient to economic fluctuations, and we have identified several interesting options to create growth in the existing business and through acquisitions in partnership with EnviDan’s management and employees,” says Kaspar Kristiansen, Managing Director, Waterland Nordic.
The management team will continue and invest in EnviDan alongside other employees and Waterland, which will become a majority shareholder. The parties have agreed not to disclose the purchase price.
- Austrian Private Equity & Venture Capital Organisation (AVCO)
- Belgian Venturing Association (BVA)
- British Private Equity & Venture Capital Association (BVCA)
- Bundesverband deutscher Kapitalbeteiligungsgesellschaften (BVK)
- Irish Venture Capital Association (IVCA)
- Nederlandse Vereniging van Participatiemaatschappijen (NVP)
- Polskie Stowarzyszenie Inwestorow Kapitalowych (PSIK)
- Swiss Private Equity & Corporate Finance Association (SECA)