Building the green transition
We can’t be dependent on fossil fuels in the future. For Altor that means playing our part in Europe’s green transition.
Watch the film and learn more about Altor’s view on the Green Transition
Altor is committed to the 1.5-degree target set in the Paris Agreement. Meaning that global temperatures should not exceed the pre-industrial level with more than that. This demands a severe reduction of current carbon dioxide emissions, a reduction that needs to happen fast. It will require new approaches, entrepreneurship, and creativity.
Many of the largest transformative projects that happen within the green transition are in Scandinavia, a trend that has made McKinsey coin the region as the Silicon Valley of Green Transition. Altor has its roots in the region and sees plenty of opportunity to combine our skills and experiences to support these important opportunities. Building new businesses often means disrupting the old, the type of companies that Altor is currently supporting will not only reduce carbon dioxide emissions themselves. They will also lead the way and inspire other companies on similar journeys.
All companies at Altor will need to take the ongoing transition into account. But it is also about building new green businesses. OX2, Svea Solar, Vianode, and H2 Green Steel are four prominent examples among many others.
Watch the film and learn more about Altor’s view on the Green Transition.
Harald Mix, Partner at Altor“We’re not talking about new verticals that will grow 20 percent per year. They are going to have to grow 20 times in 10 years.”
Published: Aug 31 2022
Companies
Related
Conversation | Spotlight
Driving the green energy transition
Watch the interview with Matilda Elfving Hauan, Director, talking about partnering up with Svea Solar and OX2, two companies building new green business within the energy industry.
Conversation | Case
Revolutionizing the steel industry
How digitalization will enable completely different ways of working in steelmaking
News | Press release
18 Oct 2023
Altor invests in Aira
News | Press release
07 Sep 2023
Altor continues backing H2 Green Steel
Conversation | Case
Trioworld doesn’t sleep on success
In a new collaboration with infrastructure company Nevel - Trioworld is turning waste heat into energy
Conversation | In the media
The Economist:
Can Europe decarbonise its heavy industry?
Important piece in The Economist on H2 Green Steel; a company we have invested in and partner with. We all need to do what we can to help Europe decarbonise.
Conversation | Case
All about connecting
The Nordic Leisure Travel Group: Everyone on board to change.
News | Press release
30 Aug 2022
Altor supports H2 Green Steel on EUR 190 million funding round
Conversation | Case
OX2 – the wind of change
There is an urgent need to change our habits and energy-use, as society increasingly moves away from high-carbon energy sources - the demand for alternative sources increase. Wind and solar farms are critical for this shift.
Conversation | Spotlight
Making batteries greener
Hear Tom Jovik, Principal at Altor, explain how Vianode is changing the synthetic graphite industry and making batteries even greener, in this 2-minute interview.
Conversation | Case
Stronger together
Norican's solutions improve customer productivity by reducing scrap and carbon emissions.
Conversation | Case
Happier and healthier people
SATS, stepping up for health with challenges brought on by modern society.
Conversation | Case
Saving resources
Haarslev – making sure what goes around comes around.
Conversation | Case
Making plastics last
Trioworld is on its way to becoming the most sustainable option in the plastic film industry thanks to a strong focus on circularity in plastics.
Conversation | Perspective
Ten years later, still going strong
Helly Hansen was Altor’s first investment in the Consumer sector. A company part of the Norwegian heritage. During our nine years of partnership, the brand reconnected with its roots, the product portfolio improving every season and the operation developed a world class apparel company.
Conversation | Case
Charged for the future
CTEK – building the necessary charging infrastructure.
News | Press release
21 Jun 2022
Altor invests in smart energy platform Tibber
Conversation | Perspective
Committing to the 1.5 °C target
At Altor we believe that financial institutions play a critical role in decarbonizing the economy. This is why we have committed to set science-based targets in line with the 1.5°C target set in the Paris Agreement.
News | Press release
12 Feb 2024
Altor completes the public cash offer to the shareholders of Permascand and acquires over 90% of the shares
Conversation | Case
An innovative partnership
Transcom enters collaboration with Silo AI to implement the opportunities of AI in the digital customer service industry.
News | Press release
13 Dec 2023
Eleda Gets New Ownership:
Altor Sells Controlling Stake to Bain Capital, Companies Form Partnerships for Future Expansion
News | Press release
17 Aug 2023
Altor has acquired a further 3.8% of the outstanding shares in FLSmidth & Co. A/S
Conversation | Case
Fast internet with a smart footprint
SeenThis has developed technical solutions to help tackle the issue of carbon emissions coming from our data usage.
Conversation
Sustainability Report for 2022
Learn about our commitments, case studies and sustainability performance.
Conversation | Our team, Spotlight
Welcome Fran Owen
There is no doubt about her passion and dedication to building better businesses that are ready to tackle todays’ and tomorrows’ challenges.
Conversation | Case
Driving success
The leading tyre distributor Nordic Tyre Group reports strong growth accelerated by Electrical Vehicle transition.
News
19 Jan 2023
Altor has acquired 7.2% of the outstanding shares in FLSmidth & Co. A/S
Conversation | Our team
A year like no other
Altor has made a number of investments and partnerships with successful brands across the consumer sector. We sat down with our Consumer-sector team to hear their thoughts on 2022 and what they believe 2023 will bring.
Conversation | Spotlight
Meet Bengt Maunsbach
Bengt Maunsbach joined Altor in 2004 and has since become a name for just about everyone in the Industrial-community, where he has partnered with entrepreneurs and founders.
Conversation | Spotlight
What the world needs now
“This is the decade of action,” says Stephanie Hubold, Head of Sustainability. Watch the interview and learn more about Altor’s commitment.
Conversation | Spotlight
Meet Susanna Campbell
The Altor community is built by partner companies and the people in- and outside of Altor. One of them is industry advisor Susanna Campbell, Board Member of H2 Green Steel and Chair of the Board at NOD.
Conversation | Case
A network for Scandinavian design driven brands
Scandinavian design graces homes all over the world. Now Altor has formed a network of such companies under one umbrella: Network of Design (NOD). But, as always, the story started somewhere completely different.
Conversation | Case
The power of the sun
Founded on a strong belief that solar power is the best solution for most homes, Svea Solar has quickly proven the power of the sun and is ready for the next step on their journey.
Conversation | Spotlight
Meet Paul Fischbein
The Altor community consists of a set of companies and people we collaborate with daily. One of them is industry advisor Paul Fischbein, with a long-standing track record from the consumer space and e-commerce sector.
Conversation | Case
Partnering with two German Mittelstand families
Our long tradition of partnerships with founding families continues into new geographies. Kaefer has an amazing track-record for more than 100 years, now Altor and SMS Group join as co-owners.
Conversation | Case
Shaping airflow for future generations
Inspired by the first plastic cooling fan he ever saw, Finn Sigurd Andersen started a journey taking a local Danish trading company and turning it into a global leader in engine cooling, with a wide range of products.
Conversation | Perspective
Tech take-over
Technology continues to reshape the world, with underlying secular trends driving strong growth for the decade to come. From scaling SaaS companies, indie-gaming to digital consultancies, in the last years, Altor has heavily increased the investments and partnerships in the sector. Let Mattias Holmström explain why.
Conversation | Case
Supplying the supply chain
Starting out small in Aalborg, Denmark in the early 1950’s – Wrist Ship Supply has grown to become a true global leader with offices across the globe. Today, Wrist is creating digital solutions previously unknown to the shipping world.
Conversation | Case
Slow fashion – fast growth
Toteme was founded in 2014 by the Swedish couple Elin Kling and Karl Lindman. It has evolved into a strong and iconic Swedish brand focused on minimalistic trans-seasonal design based on a uniform concept.
Conversation | Case
Never ending energy
Sailing on strong tailwinds, OX2 has taken on one of the great challenges of our time. To make renewable energy available while generating benefits for both environment and investors.
Conversation | Case
In the mood
Located in a music studio complex in the heart of Stockholm, Audiowell comes with a combined mission to increase the quality of lifestyle music and helping more professional songwriters, musicians and creators live off their music.
Conversation | Case
Turning ordinary tap water into tasteful experiences
Starting out as an engineering and design company aiming to make everyday objects better and more beautiful, Aarke is now embarking on a journey towards a greener future with a new subscription service at its core.
Conversation | Case
Bringing torque to the tyre industry
Building an international platform for the tyre distribution industry might not sound like the most exciting journey. But bear with us, this story is about how a shift in software development and transportation revolutionized everything.
Conversation | Case
Breaking the glass-ceiling
The Stockholm Stock Exchange was founded in 1863, but the first female CEO of a listed company emerged first in 1987. The first female founder taking her company public as CEO took even longer, in 2021 Pernilla Nyrensten received that title.
Conversation | Case
A community of fun-dining experiences
We can all use more social life. And the trends points to people eating out more often and at the same time enjoying entertainment and activities. Now Altor has created a community of restaurants in Social Eatertainment Group.
Conversation | Case
Taking action when needed
When Covid hit, at a time when hospitals needed them the most, global supply chains for medical protective gear stopped working. Trioworld stepped up quickly and filled one important gap. But have we learned the lessons from this situation?
Conversation | Case
A brand like no other
With the factory running non-stop since 1879, Dale of Norway is one of the home country’s best-known brands. The premium outdoor apparel appealed to Norwegians and tourists alike but was hit hard when Covid shut down travel.
Conversation | Case
Being smart about data usage
Speeding up the internet with a low carbon footprint in mind.
News | Press release
25 May 2022
Altor enters an equal partnership with the founders of Audiowell
News | Press release
16 May 2022
Altor to acquire Nordic Climate Group – becomes majority owner
Conversation | Spotlight
Value creation thanks to high ESG performance
Stephanie Hubold joined Altor with a mission. “ESG-topics are too often looked at from a pure compliance and risk angle.” she explains. “Actually, high ESG performance can be an important driver of financial value creation.”
What we’re reading
News | Bloomberg
06 Jan 2024 — bloomberg.com
The $200 Billion Video Game Industry Is a Climate Opportunity
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17 Dec 2023 — economist.com
Which economy did best in 2023?
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04 Aug 2023 — bloomberg.com
Heat Pumps, Electric Cars, Home Solar:
The Climate Dads Have Arrived
News | Bloomberg
25 May 2023 — bloomberg.com
How Silicon Valley Got Into Investing in Climate Tech