Nortech: Leading Control Tech Firm Acquired by Vestum AB
Deal News | Apr 22, 2025 | Evolve Corporate Finance
Evolve Corporate Finance has advised Nortech Management Holdings on its acquisition by Vestum AB, a Swedish company listed on Nasdaq. Nortech, established in 1993 and based in Evesham, Worcestershire, excels in designing and supplying monitoring and control technologies for the UK's water and electricity distribution sectors. The company boasts proprietary products focusing on fault detection, communication, and automation. Additionally, it provides a software platform named iHost, which offers data aggregation and analysis capabilities. With this acquisition, Vestum plans to enhance its portfolio and market reach.
Sectors
- Technology
- Utilities
- Corporate Finance
Geography
- United Kingdom – Nortech is headquartered in Evesham, Worcestershire, operating within the UK.
- Sweden – Vestum AB, the acquiring company, is based in Sweden and is listed on the Nasdaq Stockholm.
Industry
- Technology – Nortech is involved in technology related to monitoring and control systems, which forms a core component of its business operations.
- Utilities – Nortech provides specialized technology solutions for the UK water and electricity distribution sectors, categorizing it under the Utilities industry.
- Corporate Finance – The transaction involves advisory services in a sales context, relevant to the field of Corporate Finance.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Nortech Management Holdings | Target company | Company | A leading designer and supplier of monitoring and control technology for the UK water and electricity distribution sector. |
| Vestum AB | Bidding company | Company | A Swedish Nasdaq-listed company acquiring Nortech to expand its technological portfolio and market presence. |
| Evolve Corporate Finance | Advisor | Company | Provided advisory services for the sale of Nortech Management Holdings to Vestum AB. |