Announced
Financials
Tags
Majority
Single Bidder
building automation solutions
Acquisition
Friendly
Sweden
Private
Facilities Technology
Private Equity
Pending
Synopsis
Trill Impact, a private equity firm targeting mid-sized companies, agreed to acquire Nordomatic, a provider of energy-efficient and cloud-based building automation systems, from Adelis Equity Partners, a private equity firm. Financial terms were not disclosed. "We believe Nordomatic offers an ideal platform to pursue our impact and commercial ambitions, which we fundamentally see as being closely interlinked. Management has done a great job in creating a Nordic champion in an industry which we think will experience strong growth going forward," Samir Kamal, Trill Impact Partner.
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