Skip to main content
Back to Investments

Enermet Group

Status
Realised
Country
Finland
Strategy
Mid Cap
Sector
Industrials
Entry
Aug-99
Exit
Jul-06
Fund
IK 1994

World leading energy meter producer

Enermet Group is one of the world’s leading suppliers of energy metering systems. The company develops, produces and markets 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 includes a wide range of automatic meter reading (AMR) systems covering all major communication technologies.

Headquartered in Finland, Enermet has branches in ten countries and employs 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.