Norvestor invests in Eneas

Norvestor VIIL.P.(“Norvestor”), a fund managed by Norvestor Equity AS, has signed an agreement to invest in Eneas Group AS(“Eneas”)

Eneas is a leading independent energy intermediary for SMEs in the Norwegian and Swedish electricity markets. The Company offers its customer base of approximately 20,000 SMEs active energy procurement services, usually only available to larger corporates. The customer value proposition is built on convenient and independent electricity sourcing, protection against energy price volatility, green energy certificates, and extensive market knowledge with a 20-year track record.

In 2016, Eneas also expanded organically into Finland, a market with similar characteristics as the Norwegian market.

Eneas is experiencing strong growth and generated pro-forma sales of NOK 478 million in 2015, and has 170 employees.

“Through our unique methodology for targeting the SME segment and solid value proposition towards customers, we see a significant market potential for Eneas.

We are very happy to have joined forces with Norvestor, and look forward to work together to realise significant growth opportunities, further strengthen our offering and geographical footprint” says Thomas Hakavik, founder and CEO of Eneas.

“We have followed Eneas and its management team for several years and we believe that Eneas represents an exciting investment opportunity with its strong market position, attractive value proposition towards customers and outstanding sales capabilities targeting a large addressable market” says Fredrik Korterud, Partner at Norvestor Equity and chairman designate in Eneas.

Following the acquisition, Norvestor will become the largest shareholder in Eneas with about 80% of the shares. Management and employees in Eneas will invest a significant stake, and hold the remaining shares. The transaction is expected to close in August 2016, subject to customary closing conditions, including approval from the Norwegian Competition Authorities.

For further information:

Fredrik Korterud, Partner Norvestor Equity

Telephone: +4740211402


Thomas Hakavik,

CEO Eneas

Telephone: +47913 68 511


Eneas was founded in 1995 and has grown to become Scandinavia’s leading independent electricity intermediary for SMEs, Serving customers in industry, commercial and government segments. Eneas has170 employees located in offices in Drammen and Trondheim. In 1998 Eneas expanded into Sweden and has since then been able to steadily grow their customer base through their Energy Audit, Energy Broker and Smart Metering service offerings.

Today, Eneas has over 20,000 SME customers across Sweden and Norway, and established a foothold in Finland in February 2016.



Norvestor Equity AS is a leading private equity company focusing on lower mid-market buyouts in the Nordic region. The team has worked together since 1991 making it one of the most experienced private equity teams in Norway, having executed 60 investments with 249 follow-on M&A transactions, in addition to executing 41 exits including 14 IPOs. Norvestor focuses on investment opportunities in growth companies, making platform investments principally in Norway and Sweden, with potential to achieve a leading Nordic or international position either through organic growth, through acquisitions or by expanding into new countries. Funds advised and managed by Norvestor are currently invested in the following portfolio companies; Life Europe, Johnson Metall, Sentech (formerly Advantec Sensing), Apsis, Aptilo, Cegal, Marine Aluminium, Crayon, ABAX, Robust, iSurvey, Future Production, Nomor, PG Flow Solutions, Roadworks, Permascand, Phonero, 4Service and Hydrawell.


Categories: News


Lubbers Logistics Group completes the acquisition of Wagenborg Nedlift division

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Lubbers Logistics Group, the logistics provider to the oil and gas drilling industry, has completed the acquisition of the Special Transport divisions of Wagenborg Nedlift in the Netherlands and Wagenborg GmbH in Germany as per July 1, 2016. The acquired divisions will be fully integrated into the Lubbers organization and will continue under the brand name Lubbers. The acquisition is part of Lubbers’ strategy to further strengthen its position in the European energy logistics market. The divestment allows Wagenborg Nedlift, a specialist in horizontal and vertical heavy transport, to focus on its niche market: lifting, heavy transport and assembly.

Through the acquisition Lubbers Logistics Group expands its workforce by 89 employees and adds 73 trucks and 165 trailers to its existing truck and trailer fleet. The combination enables Lubbers to further expand its European network and by leveraging the expertise of the Wagenborg Nedlift employees, Lubbers expects to further optimize the service to its customers.

The divestment enables Wagenborg Nedlift to focus on its core activities: lifting, heavy transport and assembly. In addition, Wagenborg Nedlift secures good future prospects for the Special Transport division employees who will relocate to Lubbers.

In the coming transition period as well as in the more distant future, there will (continue to) be close cooperation between the two companies, in which the interests of the customer and the quality of service will come first and foremost.

About Wagenborg Nedlift: Wagenborg Nedlift is an expert in providing accurate, efficient and secure solutions for challenging logistical issues and offers a complete package of logistics services for lifting, heavy transport and assembly. Wagenborg Nedlift is active throughout Europe and beyond, including the oil and gas industry, petrochemical industry, the energy sector and the sectors construction and infrastructure.

About Lubbers Logistics Group: Since 1929, Lubbers Logistics Group delivers professional and reliable transportation in the energy sector and has a European-wide network, with thirteen offices in eight different countries. Lubbers offers a number of adjacent logistics services such as drilling rig relocations, project management, recruitment services and offshore container rental.

Categories: News