M&A Deal Summary

Gridspertise Acquires Aidon

On November 9, 2023, Gridspertise acquired test/measurement equipment company Aidon from Alder and Tesi

Acquisition Highlights
  • This is Gridspertise’s 1st transaction in the Test/Measurement Equipment sector.
  • This is Gridspertise’s 1st transaction in Finland.

M&A Deal Summary

Date 2023-11-09
Target Aidon
Sector Test/Measurement Equipment
Buyer(s) Gridspertise
Sellers(s) Alder
Tesi
Deal Type Add-on Acquisition

Target

Aidon

Jyvaskyla, Finland
Aidon is a provider of smart energy metering solutions and smart grid applications. The company is a preferred supplier for energy utilities and a valued partner for service providers, business system suppliers, and system integrators in the Nordics. Aidon was formed in 2004 and is based in Jyvaskyla, Finland.

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Buyer(S) 1

Buyer

Gridspertise

Rome, Italy

Category Company
Founded 2021
Sector Business Services
DESCRIPTION

Gridspertise offers grid intelligent devices, end-to-end cloud-edge platform solutions, and services to accelerate the digital transformation of electricity distribution grids across three main areas: metering and grid edge digitalization, network infrastructure digitalization, and field operation digitalization. Gridspertise was formed in 2021 and is based in Rome, Italy.


DEAL STATS #
Overall 1 of 1
Sector (Test/Measurement Equipment) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Finland) 1 of 1
Year (2023) 1 of 1

Seller(S) 2

SELLER

Alder

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2008
PE ASSETS 1.1B SEK
Size Small
Type Sector Agnostic
DESCRIPTION

Alder is a private investment firm focused on acquiring 'sustainable' technology-oriented companies that produce products or services that use less material and/or energy, and and cause less environmental damage then alternatives. Alder will consider opportunities throughout Scandinavia and German speaking Europe. Target companies generally have revenues of SEK100 to SEK750 million. Alder was established in 2008 and is headquartered in Stockholm, Sweden.


DEAL STATS #
Overall 8 of 8
Sector (Test/Measurement Equipment) 2 of 2
Type (Add-on Acquisition) 7 of 7
Country (Finland) 3 of 3
Year (2023) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-31 Insort

Kirchberg an der Raab, Austria

Insort engages in developing highly innovative and tailor-made technologies for the classification and sorting of products in the food processing industry. Through its proprietary hyperspectral technology, Chemical Imaging Technology®, Insort has in a short time succeeded in establishing itself as a global player in digital sorting and control systems for food production. Insort was founded in 2011 and is based in Kirchberg an der Raab, Austria.

Buy -
SELLER

Tesi

Investor Investor Investor Investor Investor


Category Sovereign Wealth Fund
Founded 1995
PE ASSETS 2.4B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Tesi is a Finnish venture capital and private equity firm specializing in fund and direct investments. Tesi specifically targets minority investments in early, growth stage, and established businesses. Areas of interest include industrial, mining, software, business and consumer services, healthcare, life science, cleantech, and marine. Tesi was established in 1995 and it is based in Helsinki.


DEAL STATS #
Overall 30 of 33
Sector (Test/Measurement Equipment) 1 of 1
Type (Add-on Acquisition) 18 of 19
Country (Finland) 27 of 30
Year (2023) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-07 Sisu Auto

Karis, Finland

Sisu Auto designs, manufactures, sells and services heavy-duty, factory-ready, multi-axle special trucks. It offers rock gravel, road maintenance, crane, carrier equipment transport and roll demountable body trucks and timber trucks for transporting logs. The company also provides armored off-road trucks and special vehicles for military use. Sisu Auto was formed in 1931 and is based in Karis, Finland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-23 Lamor

Porvoo, Finland

Lamor is a provider of oil spill clean-up equipment, services, and solutions. The Company provides its customers with equipment used for oil recovery, waste management and water treatment as well as versatile environmental solutions and services, such as clean-up and preparedness services related to oil spill response and oil spills, services for the treatment of waste and tailored and adapted water treatment solutions. Lamor was formed in 1982 and is based in Porvoo, Finland.

Sell -