Norvatek Invest changes name to Uniwater ABNordic expansion and continuing growth reasons behind the name change
Norvatek Invest, one of the leading corporate groups specialising in water supply and sewerage technology solutions in the Nordics, is changing its name to Uniwater AB. The company has acquired a number of companies during the past few years, and aims to turnover SEK 1 billion in the year 2022. The name change, and future ambitions that include continued expansion in the Nordics, is a part of the new and emerging group.
– Our business and our companies unite in water. We offer our customers water infrastructure solutions, and our intention is to expand within that business. A name change was a natural piece of the jigsaw as we now enter a new phase in our expansion with an increased focus on the Nordic market. We have previously set a target to double our turnover between the years 2019 and 2022 to turnover SEK 1 billion. We will succeed in reaching that target due to a solid order book, organic growth in our companies and by acquiring new, interesting companies in Sweden and the Nordics, says Fredrik Jonsson, managing director of Uniwater AB.
The main holding company will, along with the name change, also increase its focus towards working with corporate-wide matters and strategic management involving growth, acquistions, and new fields of activity. The company will also oversee the synergy that the growing group enables in terms of new procurements and market activities.
– This name change gives is us somewhat of a relaunch. We have had a clear strategy to acquire companies of strategical importance, and we will continue doing so. We are a stable group, and our future acquistions will further increase our ability to offer more comprehensive and sustainable water supply and sewerage solutions to our customers along with being an attractive employer, says Fredrik Jonsson.
According to reports from Swedish Water (Svenskt Vatten), large investments will be required to maintain a high security of supply of drinking water and sewerage systems for multiple reasons. A neglected water and sewerage system is one of the reasons, and poses one of the major challenges ahead. Continuing urbanisation, increased digitisation, and construction of new buildings in urban areas also create a need for new technical solutions.
– We see the same pattern in the other Nordic countries. The need to invest in water and sewerage is great and will increase in the next 20 years. This is where we’ll attract new customers through a high level of competence and by offering the most comprehensive solutions available, says Fredrik Jonsson.
Today, Uniwater consists of Norvatek, Dala Kommunalteknik and Rostfria VA-system – pumping stations with wells made of concrete, plastic, and stainless. ASB – Electrical engineering and automation. ELVA and Emendo – Wastewater treatment plants and waterworks. IBECO – Water, sewerage, heating, ventilation, and sanitation products and services. The subsidiaries will retain their names and operate as independent companies with support from the main holding company.