Altor Equity Partners has acquired Evac Group for an undisclosed amount. Evac Group, founded in 1979 and headquartered in Espoo, Finland, is a global leader in integrated water, waste, and wastewater management solutions, as well as corrosion protection and marine growth prevention systems. The company serves the marine, offshore, and land-based construction industries, operating through offices in 13 countries and a network of representatives in over 70 countries worldwide. In 2024, Evac generated approximately EUR 190 million in revenue and employed around 540 people.
This corporate acquisition underscores Altor Equity Partners' strategic investment in companies at the forefront of sustainability. Evac Group’s mission, guided by its "Nothing to waste" promise, aligns with the global imperative to reduce environmental impact. Its comprehensive solutions help customers cut waste, save water, and lower emissions, thereby supporting the transition towards more circular and sustainable operations across its diverse client base.
The acquisition is expected to leverage Evac’s strong market position and technological leadership in environmental solutions. Synergies will likely focus on accelerating growth, enhancing product development, and expanding market reach for Evac’s integrated systems, which include freshwater generation, vacuum collection, wastewater treatment, and wet and dry waste treatment. Evac's expertise in safeguarding fleets through biofouling management and corrosion protection systems further solidifies its value in critical industrial sectors.
Looking ahead, the combined entity is positioned to strengthen Evac Group’s role as an innovator and provider of essential environmental technologies. This strategic move aims to reinforce its commitment to sustainable practices and solutions, supporting industries globally in meeting evolving environmental standards and operational efficiencies.