UPPSALA 21/11/2023
Airwatergreen, which specializes in innovative technology for energy-efficient air treatment, is now embarking on a European expansion supported by a majority investment from the Nordic- and German-based growth equity fund Nordic Alpha Partners (NAP). The ambition is to globalize the company's patented solutions, which establish and maintain a desired indoor climate by efficiently regulating humidity levels and temperature.
Airwatergreen, based in Uppsala, Sweden, designs, manufactures, and markets state-of-the-art air treatment technology. Since its inception, the company has become a well-established brand in the Swedish market with installations in the water industry, cultural heritage buildings, cold storage, logistics, and the food industry. These facilities rely on maintaining an appropriate indoor climate to prevent damage to buildings or products caused by improper humidity levels. Airwatergreen provides the technical solutions for this while consuming 30-70% less energy compared to traditional alternatives.
Airwatergreen's patented technologies and expertise in reducing customers' CO2 footprints are a perfect match for the European Article 9 fund, NAP, which specializes in scaling innovative green hardware companies from local to global market leaders to achieve Net Zero based on economic sustainability.
“At NAP, we believe that advanced technology, new processes, and business models are crucial to enabling the green transition in an economically sustainable way,” says Rasmus Lund, Senior Partner at Nordic Alpha Partners. “Airwatergreen's patented technology demonstrates unique product performance that enables the acceleration of sustainability within the real estate sector, and we look forward to supporting and participating in the company's growth journey!”
Today, the company's products are sold to customers in 8 European countries, but with its expansion strategy backed by the NAP investment, European market expansion will be accelerated using NAP's Value Creation Model and Playbook. The expansion will enable more industries and geographies to utilize Airwatergreen's dehumidifiers and air treatment products to deliver the preferred indoor climate – with significantly lower energy consumption.
“With the building and property sector being one of the most significant greenhouse gas emitters, Airwatergreen is a sweet spot case to NAP as the novel technology and approach can help save large amounts of CO2e emissions compared to alternatives,” says Troels Øberg, Senior Partner at NAP and exemplifies: “With the launch of its NEXT-model, aimed at large-scale storage and production sites, Airwatergreen can provide a stunning 140 Mega Watt hours of energy savings per year per machine, thereby providing a substantial green impact on top of an attractive financial return on investment.”
“We are extremely proud of NAP's investment in our company,” says Bo Tiderman, CEO of Airwatergreen. “This funding enables us to expand our market presence and reach more customers. Customers who are seeking solutions to lower their energy consumption in systems designed to maintain optimal indoor climates regarding humidity and temperature. Together with Nordic Alpha Partners and their unique approach to scaling hyper-growth, we can contribute to and accelerate the green transition toward more sustainable industries.”
About Nordic Alpha Partners
Nordic Alpha Partners is a Nordic and Germany-based growth equity fund established in 2017 with offices in Copenhagen and Munich. The fund invests in sustainable hard-tech companies with pioneering potential that can accelerate the global green transition.
The fund has raised 5 billion DKK for green investments, saved the environment from more than 1 million tons of CO2, and created over 500 green jobs over the past three years.
NAP's investment strategy is based on a highly active and operationally supportive ownership model, which, combined with a methodical value-creation approach, enables visionary founders to scale from local players to global market leaders.
More info: https://napartners.dk/
Contact:
Senior Partner, Laurits Bach Sørensen
Mobile: +45 25 26 10 30
About Airwatergreen
Airwatergreen AB is a Swedish air treatment company offering energy-efficient dehumidification and air conditioning in all climates. We design and manufacture dehumidifiers and air treatment products that effectively remove moisture and maintain an appropriate indoor climate: The purpose is to extend the lifespan of buildings, goods, and equipment, as well as to create a healthier working environment. The products are designed using our own patented technology, providing a range of unique advantages. These benefits include half the energy requirement, plug-and-play installation, and consistent efficiency across all temperatures. Today, we have more than 900 installations across 8 countries.
Read more www.airwatergreen.com
Contact:
CEO, Bo Tiderman
Tel: +46 070 581 82 72
Email: bo.tiderman@airwatergreen.com
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