|

Ernströmgruppen, through its subsidiary Armaturjonsson AS, acquires Novatek AS to contribute to environmentally friendly water purification in Norway

Water is used in all kinds of industry and infrastructure, e.g., for washing, cooling/heating, and as a cleaning agent. This means that water becomes contaminated and therefore cannot be returned to nature without careful and extensive treatment. Armaturjonsson and Novatek are both active companies concerned with the proper use of our planet’s most important resource, water. For this reason, Armaturjonsson acquires all shares in the company Novatek AS, which specializes in water treatment in all types of industry and infrastructure. The company’s know-how, service and product range complement Ernströmgruppen’s Water & Heating business area.

Ernströmgruppen’s subsidiary Armaturjonsson AS acquires Novatek AS, which supplies water treatment technology with products and services for all types of industrial and infrastructure projects. Novatek is one of the leading companies in this field in Norway and is involved in several important projects for a more sustainable future. The acquisition complements Ernströmgruppen’s other activities in Water & Heating, which include systems and services for handling all types of water and fastening materials for installation. Ernströmgruppen’s companies operating in a similar way in Sweden are Retherm Kruge AB and Muovitech AB, with their sister companies in all Nordic countries as well as in the Netherlands, Poland and the UK. The Norwegian sister companies within Ernströmgruppen are Armaturjonsson AS and Kruge AS.

“Water is and will always be the planet’s most important natural resource and it is a very important task to ensure that the water is managed in the best possible way for reuse. Novatek complements Armaturjonsson in this area and together we will be able to become a better supplier for all our partners in this important area. We are very happy that the three founders of Novatek see us as a good home for their life’s work “, says Thorn Fredrik Hemsen, CEO in Armaturjonsson AS.

Novatek was founded by Dag Nordbye, Per Erik Halkinrud and Sven Håkan Spång in 1989. The company still consists of the same people today, with others who have joined. All original owners will continue in the company.

”With Ernströmgruppen and Armaturjonsson as new owners, we look forward to the joint journey. This gives us opportunities to increase our investment in water purification and assist Norwegian companies in the green shift. At the same time, we see an opportunity to create significant growth in the business”, says Dag Nordbye, CEO for Novatek AS.

Novatek, with a turnover of approximately 30 MNOK, will continue to be run as a separate company and all employees will keep their jobs in Hagan outside Oslo.

Thorn Fredrik Hemsen adds: ”Novatek is a well-run company with high competence and long experience in its industry. They are also very concerned about the green shift and are very dedicated to their customers and partners contributing to a greener future for us and future generations. All very much in line with our own goals.”

Material

pr-ernstromgruppen-novatek.pdf

License All rights reserved
File format .pdf
Size 58 KB
Download

Relaterade nyheter


Acquisition | 08 November 2022

Ernströmgruppen acquires Termorens AS

Ernströmgruppen has reached an agreement to acquire all shares in Termorens AS, which specializes in minimizing the occurrence of bacteria in drinking water. Termorens is Ernströmgruppen’s second acquisition in Norway this year as well as the second add-on acquisition for Armaturjonsson under the business area Water & Heating. In drinking water installations, Termorens serves to…

Acquisition | 08 November 2022

Ernströmgruppen acquires Chemiclean Systems AB

With the acquisition of Chemiclean AB, Ernströmgruppen expands its range of energy-saving and energy-efficient products. The company offers efficient methods for cleaning, treating and filtration of energy recycling systems in both the real estate and industrial sectors. Since the founding of the company, Chemiclean has concentrated on energy efficiency and developed a variety of unique,…