Helsinki / Stockholm, December 8, 2025. Altor Fund VI and Altor ACT I (jointly “Altor”) has signed an agreement to acquire a majority stake in Evac Holding Oy (“Evac”), a global leader in integrated water and waste management systems for marine and land-based use-cases, from Bridgepoint, one of the world’s leading mid-market investors (“Bridgepoint”). Evac’s management will reinvest alongside Altor. Altor will work closely with Evac’s management to support their growth ambitions across segments and products. The company will benefit from Altor’s strong industrial heritage and track record of supporting industrial companies in the marine segment, including Aalborg Industries, Navico and Wrist Ship Supply.
Evac was founded in 1979 and has since evolved into a global leader in end-to-end cleantech solutions for marine, off-shore and land-based industries. Evac specialises in mission-critical water, waste management and vessel protection systems that enable the world’s navies, cruise operators and commercial fleets to operate safely, sustainably and efficiently. The company is headquartered in Espoo, Finland with approximately 550 employees, presence in more than 70 countries and a world-class global service network. Evac is the preferred choice by the most sophisticated and demanding ship owners and yards. Evac’s diversified marine and land-based customer base is found across cruise, naval, merchant, yacht and other marine segments.
“We are pleased to welcome Altor as our new partner, we are confident that we will benefit from their strong track record of supporting industrial businesses. Evac is driven by a strong focus on innovation, and we strive to pioneer the technology and sustainability transformation of our industry. As we embark on our next chapter, we want to thank Bridgepoint for their support. We are well-positioned and ready to keep on building on our leading position with Altor on board,” said Björn Ullbro, CEO of Evac Group.
“From our very first encounter, we have been highly impressed by Björn and the entire management team at Evac. It is rare to come across a company like Evac with excellence and strong performance in its products and segments. Björn and the team have built a strong company fit for the future with innovation at the core of their success. As we move forward together, we look forward to supporting the team in driving growth from continued product innovation and M&A” said Bengt Maunsbach, Partner and Head of Industrials at Altor.
The investment is made through Altor Fund VI, and Altor ACT I. Altor ACT I is a EUR 1.1bn climate-focused companion fund to Altor Fund VI. Altor ACT I focuses on the green transition and targets investment opportunities within decarbonization and circularity.
Altor was advised by DNB Carnegie (M&A Advisor) and Krogerus (Lead Legal Advisor).
