Enersize Oy has completed a private placement with strategical investors and strengthened the board in preparation for its planned listing at Nasdaq Stockholm First North
Enersize Oy (”Enersize”) has completed a private placement of approximately 1.2 MEUR (11 MSEK) in preparation for its planned IPO during the second quarter 2017. Among the investors are both German industrial investor Heinz Dürr Invest GmbH as well as Swedish truck manufacturing group Scania, through their newly established venture capital fund Scania Growth Capital. The capital raise was executed to accelerate Enersize’s revenue growth and to further develop the company’s proprietary software to utilize artificial intelligence for automated monitoring and analytics. Investors in the private placement have also given commitments to further invest into the company at the coming IPO on Stockholm First North.
Scania Growth Capital has recently launched the initiative to make investments into growth companies with strategic connections to Scania, and one of the focus areas is technology for smart factories. Heinz Dürr is one of the major shareholders of German Dürr Group and chairman of the Dürr Group supervisory board. Dürr Group is one of the leading suppliers for global vehicle manufacturers and has operations in 28 countries. There was a lot of investor interest for the private placement and a large number of investors became new shareholders of Enersize. Cleantech Invest remains the largest shareholder in Enersize.
Industrial compressed air systems use almost 5% of global electricity and is used in 90% of all manufacturing plants. Through Enersize’s in-house software for data collection and analysis, up to 30% energy savings in industrial compressed air systems can be achieved. Enersize shares the profit from the achieved savings with their customers, who do not have to pay any upfront costs for using the technology. One of the world’s largest flat screen manufacturers, renowned vehicle brands and steel plants are among existing Enersize customers.
Enersize has also in preparation for its planned IPO decided to strengthen the board of directors and has therefor elected Thomas Bengtson as a new member of the board. Thomas is a private investor in several cleantech-companies and has a large network of Swedish growth investors. Bengtsson has been deputy chairman at Industrifonden and in his role as senior advisor for the Swedish ministry of Enterprise & Innovation he has been part of the founding of Almi Invest AB and Inlandsinnovation AB. Thomas also has international experience from his time as an international expert for the EU commission.
Christian Merheim, Chairman of the Board, Enersize Oy comments:
”We are delighted of having both Scania Growth Capital and Heinz Dürr Invest GmbH as investors. Both have immense experience from plant manufacturing, they are seasoned investors and we are pleasured to see their enthusiasm for both our business model and technology. With these industrial owners onboard we both strengthen our global network and add strategic knowledge.”
Sami Mykkänen, CEO, Enersize Oy comments:
“With this latest financing round we are now able to accelerate our sales by responding to growing customer demand, and at the same time we are able to accelerate development of our core technology. We aim to utilize artificial intelligence for automated monitoring and analytics. The interest to invest into Enersize has been huge and I would like to welcome all new owners.”
Lars-Olof Gustavsson, Chairman of the board, Scania Growth Capital comments:
”It is a pleasure to present Enersize as Scania Growth Capitals first investment. We see a great potential for Enersize within the global manufacturing industry and with their focus on smart factories they are also a perfect fit to our investment focus.”
Heinz Dürr comments:
”A focus on increased efficiency and sustainable development is important for me and something I have dedicated a lot of time to. With the digitalization of the manufacturing industry new and previously undiscovered opportunities and market segments arise that can be explored by companies like Enersize. The fact that their business model also has a strong positive environmental impact where it makes most difference is something that really appealed to me.”
Sedermera Fondkommission is Enersize Financial Advisor for the private placement
For more information about private placement and planned IPO please contact:
Telefon: +46(0)40-615 14 10
For more information about Enersize, please contact:
Christian Merheim, Chairman of the Board
Telefon: +46(0)708-182 853