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Transactions
- Nordic Power Service divested to Ernströmgruppen

Nordic Power Service divested to Ernströmgruppen
Our role
Exclusive financial adviser to the owners on the sale of Nordic Power Service to Ernströmgruppen
Buyer
Ernströmgruppen is a Nordic, family-owned industrial group with a business concept centred around owning and developing entrepreneur-driven niche companies. With over 1 400 employees across the Nordics and Northern Europe, Ernströmgruppen contributes to societal development by focusing on people, environment, and economy. Ernströmgruppen consist of four business areas: Flow Technology, Water & Energy, Automation & Electrification, and Safety & Protection, with a total turnover of approximately SEK 5 billion
Target
Nordic Power Service, founded in 2011, focuses on the installation and maintenance of recovery and power boilers used in energy and process industries. Nordic Power Service delivers planning and execution of time-sensitive and large-scale boiler installation, modernisation and maintenance projects with unwavering dedication to quality ensuring smooth and efficient project deliveries at customer sites around the world. The company had net sales of approximately EUR 24 million in 2024