Altor to divest Norsk Gjenvinning to Summa Equity


Altor Fund III (“Altor”) has signed an agreement to divest Norsk Gjenvinning, Norway’s leading waste management company, to Summa Equity (“Summa”). Norsk Gjenvinning was acquired by Altor in 2011.

Norsk Gjenvinning is the leading Norwegian waste recycler and provides services for all types of waste, operating along the whole value chain from collection through processing/recycling to selected downstream solutions. In recent years, Norsk Gjenvinning has focused on continuous operational improvement and organizational development.

“It has been an exciting six years for Altor with Norsk Gjenvinning”, says Pål Stampe, partner at Altor Equity Partners and board member of Norsk Gjenvinning. “The company has seen significant changes during this period, driven by development of industrial processes across the waste management value chain. Over the last couple of years, we have seen these effects translate into strong earnings growth”.

Chairman of Norsk Gjenvinning, Ole Enger, has been an important contributor in driving operational improvements in the company. Enger will continue as chairman when Summa becomes new majority shareholder. “Summa Equity´s acquisition of the company is a recognition of the work all employees in the company has put in over the last years”, says Ole Enger. “I am impressed with the momentum in operational improvements; however, the work of industrializing the company is not over and needs continued focus. I look forward to being part of the journey going forward and ensuring continuity in the work ahead.“

“Norsk Gjenvinning has greatly benefited from being owned by Altor and we have had an exciting development together”, says Erik Osmundsen, CEO of Norsk Gjenvinning. “We are confident that Summa Equity will be a good owner of Norsk Gjenvinning and look forward to working with them to develop Norsk Gjenvinning further.”

The transaction is subject to customary regulations and approvals.

For more information, please contact:
Pål Stampe, Partner at Altor Equity Partners, +47 976 98 923
Tor Krusell, Head of Communication at Altor Equity Partners, +46 70 543 87 47
Erik Osmundsen, CEO of Norsk Gjenvinning, +47 915 47 885

About Altor
Since inception, the family of Altor funds has raised some EUR 5.8 billion in total commitments. The funds have invested in excess of EUR 3.6 billion in more than 40 companies. The investments have primarily been made in medium sized Nordic companies with the aim to create value through growth initiatives and operational improvements. Among current and past investments are Sbanken ASA, Carnegie Investment Bank, HellyHansen, SATS/Elixia, Rossignol and Spectrum. For more information, visit

Norsk Gjenvinning
Norsk Gjenvinning (“NG”) is Norway’s leading waste management company, collecting about 1.8 million ton waste yearly. NG provides services for all types of waste and operates along the whole value chain from collection through processing/recycling to selected downstream solutions. NG has ca 40 facilities and employs about 1,200 people in Norway, Sweden, Denmark and UK. For more information, visit


Categories: News


ATS and Service Link merge with Orwak Sweden and become the market leader in sales and service of compacting waste equipment

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Accent Equity

San Sac Group acquires the two companies Avfallsteknik Skandinavien AB (ATS) and Service Link Skandinavien AB (S
ervice Link). ATS is the market leader in sales of waste compaction equipment and Service Link offers a nationwide service organization for compaction equipment. Fredrik Jagin der, CEO of San Sac Group states:
”With the acquisition of ATS and Service Link and the upcoming merger with our Swedish sales company Orwak Sverige AB, we can offer the Swedish market the most complete product range of waste compaction equipment. In addition, we get
a nationwide service organization that ensures reliable operation at our customer sites.
The former owners of ATS and Service Link, Risto Sunell and Daniel Egeberg, remain in the business.
Daniel Egeberg comments:“The fact that our organization now gets access to the high quality products and the
competence in development andproduction of balers, which Orwak is in possession of, allows us to offer even more attractive solutions to the market.”
Risto Sunell, adds:” The merged business gains a position that enables us to become an even larger player nationwide and
strengthens our service offer further in the Swedish market.”
San Sac Group:
San Sac Group was formed in 2014 when San Sac and its subsidiaries ILAB Container and Rubaek merged with
Enviropac. The group expanded when acquiring the baler manufacturer Orwak in 2015.
With the acquisition of ATS and Service Link, San Sac Group has 275 employees and a turnover that amounts to 115 M EUR.
Orwak is a world leader in compaction and baling solutions and offers an innovative
range of products that promotes sorting at source and make waste management more
profitable. Orwak is headquarter ed in Sweden and is present in approximately 40 countries
through subsidiaries and distributors.
ATS is a market leader in sales of waste compaction equipment, mainly container compactors and balers.
The company has 20 employees and a turnover of approx. 11.5M EUR. The headoffice is located in Bromma, Sweden.
Service Link:
Service Link  specializes in service on compacting waste equipment and serves the Swedish market with a dedicated team of 18 technicians.The turnover amounts to approx. 3 M EUR.

Categories: News