Norvestor acquires Smartvatten


Smartvatten is a hardware-enabled SaaS company providing its customers with a complete solution for real-time monitoring and reporting of water consumption in buildings.

The water consumption data is gathered from mechanical, digital, and IoT-enabled water meters and analysed by the company’s algorithm-based software. Currently Smartvatten monitors over 7 000 buildings in 15 countries. In recent years, Smartvatten has achieved a leading position in Finland and gained a strong foothold in Sweden and the Benelux countries. The company was founded in 2013, has an ARR of approximately SEK 42 million and currently employs 40 people.

An M&A transaction is always a long and arduous process. Chemistry between individuals is essential and everyday activities must be efficient. With the experience of several transactions, I can warmly recommend Translink Corporate Finance. They are real professionals as financial advisors, and therefore understand the business and people extremely well. When you want the best, choose Translink!

– Matti Nevala, COO at Smartvatten