Recover
A leading provider of property remediation and environmental services in the Nordics.
Recover serves insurance companies, municipalities, industrial and commercial companies across the Nordics, helping end-customers return to everyday life as quickly as possible following property damages and unexpected events.
- Sector
Services
- Country
Norway
- Fund
EQT VIII
- Entry
2020
Responsible Advisor
Juho Frilander
Website
About Recover
A majority of Recover's operations relate to property remediation activities following i.e. water or fire damages. The company also offers a variety of environmental services, including pipe cleaning, industrial cleaning, sludge management and dry suction. Recover was founded in 2013 and is headquartered in Oslo, Norway. The company operates around 100 branches across Norway, Sweden, Denmark and Finland and has around 2,100 employees.
Market Trends & Drivers
Recover provides mission critical services in attractive and defensive markets. Property remediation and environmental services have limited exposure to the economic cycle and both markets are supported by mega trends such as urbanization, more extreme weather and wear & tear of buildings and infrastructure.
Investment Potential
EQT will support Recover's management team in strengthening the company’s position as the leading property remediation and environmental services player in the Nordics. EQT will support Recover with further investments in digitalization, professionalization and sustainable processes, as well as a continued M&A strategy.
Board of directors
Chairperson
Åge Landro
Board member
Juho Frilander
Board member
Liselott Kilaas
Board member
Tor Magne Lønnum
Board member
Magdalena Persson
Board member
Thomas Hilde
Management
CEO
Ted Söderholm
CFO
Erik Sandøy
Do You Want to Know More?
We are eager to explore how we can achieve great things together.