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Enermet Group

Status
Realised
Country
Finland
Strategy
Mid Cap
Sector
Industrials
Entry
Aug-99
Exit
Jul-06
Fund
IK 1994
News
Industri Kapital sells Enermet Group Oy to Bayard Group
The acquisition of Enermet completed
Fortum sold Enermet to Industri Kapital for FIM 610 million.

World leading energy meter producer

At the time of exiting, Enermet (“the Group”) was one of the world’s leading suppliers of energy metering systems. The Group developed, produced and marketed comprehensive new generation systems for the metering of energy, the control of its use and the refinement and management of metering data. The product offering included a wide range of automatic meter reading (AMR) systems covering all major communication technologies.

Headquartered in Finland, Enermet had branches in ten countries and employed 265 highly skilled professionals.

The IK 1997 Fund acquired a majority stake in August 1999 from Fortum Corporation, and later exited to Bayard Group in July 2006.

Our Value Creation Strategy

During our ownership, we worked alongside the management team to:

  • Improve operational efficiency and implement process oriented group structure;
  • Expand customer offering and develop metering services business;
  • Focus on deregulating markets; and
  • Pursue strategic add-on acquisitions.