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Airwatergreen, which works with innovative technology for energy-efficient air treatment, is now focusing on European expansion with the support of 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 that establish and maintain a desired indoor climate by regulating humidity and temperature in an efficient way.
Airwatergreen, based in Uppsala, Sweden, designs, manufactures and sells 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 buildings, cold storage, logistics and food production. These are facilities that depend on maintaining and keeping a suitable indoor climate to avoid damage to buildings or products from inappropriate humidity levels. Airwatergreen provides the technical solutions for this while at the same time with an energy consumption that is 30-70% lower compared to traditional alternatives.
Airwatergreen's patented technologies and know-how in reducing the customer'sCO2 footprint are a perfect match for the European Article 9 Fund, NAP, which specializes in scaling innovative green hard-tech companies from local to global market leaders to achieve NetZero, based on economic sustainability.
"At NAP, we believe that advanced technology, new processes and business models are crucial to enable the green transformation in an economically sustainable way", says Rasmus Lund, Senior Partner at Nordic Alpha Partners. "Airwatergreen's patented technology demonstrates a unique product performance that enables acceleration of sustainability in 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 supported 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 use Airwatergreen's dehumidifiers and air treatment products, to deliver the preferred indoor climate - with significantly less energy consumption.
“With the building and property sector being one of the most significant greenhouse gas emitters, Airwatergreen is a sweet spot case for NAP, as its novel technology and approach can help save large amounts ofCO2eemissions compared to alternatives,” says Troels Øberg, Senior Partner at NAP, and gives an example:“With the launch of its NEXT, aimed at large-scale storage and production sites, Airwatergreen can provide a stunning 140 megawatt 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 very proud of the investment that NAPs is making in our company," said Bo Tiderman, CEO of Airwatergreen. "This funding will allow us to expand our market presence and reach more customers. Customers who are looking for solutions to lower their electricity consumption in their systems for the establishment of a suitable indoor climate in terms of humidity levels and temperature. Together with Nordic Alpha Partners and their unique approach to scaling hypergrowth, we can contribute to and accelerate green transition towards 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. It invests in sustainable hard-tech companies with the potential to be pioneers and accelerate the global green transformation.
The fund has raised DKK 5 billion for green investments, saved the environment from more than 1 million tons of CO2 and created over 500 green jobs in the last 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 purification company that offers energy-efficient dehumidification and air treatment in all climates. We design and manufacture dehumidifiers and air treatment products that effectively remove moisture and maintain a suitable indoor climate: The aim is to extend the life of buildings, goods and equipment, as well as create a healthier working environment to stay in. The products are designed with our own patented technology, technologies that give the products a range of unique benefits. The advantages are half the energy requirement, plug-n-play installation and the same efficiency in all temperatures. Today we have more than 900 installations in 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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