Nortech Management Holdings Sold to Vestum AB
Deal News | Apr 22, 2025 | Evolve Corporate Finance
Nortech Management Holdings has been acquired by the Swedish company Vestum AB. Nortech, which was established in 1993 in Evesham, Worcestershire, is renowned in the UK market for its innovation in monitoring and control technology tailored for the water and electricity distribution sectors. The business offers products that focus on fault detection, communication, and automation, supported by its proprietary software platform, iHost, known for data aggregation and analysis. Vestum, a Nasdaq Stockholm-listed company, has taken this strategic step to enhance its capabilities and offerings in the monitoring and control technology sectors. The deal was facilitated by Evolve Corporate Finance, acting as the advisory firm to Nortech.
Sectors
- Technology & Software
- Utilities
- Corporate Finance
Geography
- United Kingdom – Nortech has its headquarters in Evesham, Worcestershire.
- Sweden – Vestum AB, the acquiring company, is listed on Nasdaq Stockholm.
Industry
- Technology & Software – Nortech is known for its proprietary products in fault detection, communication, automation, and a software platform called iHost.
- Utilities – Nortech serves the UK water and electricity distribution sector with its monitoring and control technology.
- Corporate Finance – Evolve Corporate Finance provided advisory services for the transaction.
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 company listed on Nasdaq Stockholm, engaged in strategic acquisitions. |
| Evolve Corporate Finance | Advisor | Company | Provided advisory services to Nortech during the acquisition process. |