Evli Private Capital makes a major investment in EWQ Zone, a company driving digitalization and resource efficiency in the retail sector
Evli Private Capital, a part of Evli Group and specializing in private equity, has made a major investment of five million euros in the Finnish growth company EWQ Zone Oy. This strategic investment is dedicated to the company's international expansion and development, with an option for an additional investment of five million euros, bringing the total amount to ten million euros. As a result of the investment, Evli will become a significant minority shareholder in EWQ.
EWQ has solidified its position as a provider of equipment and services that lower the retail sector's carbon footprint and costs. The company’s proprietary technology integrates digital price and information displays, queueing solutions, and content management systems within store and service environments. Beneath the consumer-facing displays, digital tools enhance sustainability by reducing paper and energy consumption, minimizing waste, and making pricing and inventory management more efficient for its customers.
While the primary focus of the company's business is on retail, its solutions are versatile and widely applicable across multiple industries, such as financial and insurance services, healthcare, HoReCa and logistics. EWQ's customer base includes prominent Nordic brands, such as Apoteket, DNA, Elkjøp, ICA, Kesko and SOK.
EWQ has experienced rapid growth in recent years with an impressive average annual growth rate of over 30%. Its turnover is expected to approach 15 million euros in 2024. The company employs more than 30 people in Finland and Sweden.
"Now is the perfect time to ambitiously aim for the top of the Nordic market together with the Evli team. This investment provides us with a strong ownership base and a robust balance sheet, allowing us to accelerate our expansion in the Nordic markets, also through acquisitions. This new investment enables us to elevate our Software-as-a-Service (SaaS) offerings and launch new features and services. At the same time, we help our customers improve their sustainability with our resource-efficient and circular economy-promoting products and services," says Sampo Brisk, CEO of EWQ.
The retail sector is a key driver of the global economy and a major employer. In addition, the sector is estimated to account for approximately 25% of global greenhouse gas emissions*. As the demands and expectations for sustainable development rise, the retail sector's commitment to lower-carbon operations and supply chains as well as the importance of innovation will become increasingly crucial.
"Many large retailers have set clear targets and timetables for reducing emissions. We are part of their value chain, and that's why it's important to develop new services to achieve more sustainable operations," continues Brisk.
"We are thrilled that EWQ has been selected as the first investment for our new fund. Strong megatrends support the company's business and open exciting growth opportunities for an agile and responsible player like EWQ. We believe there is strong demand for solutions that offer multiple benefits to customers, making their stores smarter, more efficient, more environmentally friendly and more appealing to consumers. As active owners, we will support the management in the next phase of the company's growth journey and in further developing the business," says Kia Aejmelaeus, Partner at Evli Private Capital.
Evli's new Evli Private Capital Fund I is dedicated to driving the green transition. The fund makes significant minority investments in Finnish and Swedish small and medium-sized growth companies within energy transformation, resource efficiency, and the circular economy. The private equity team’s previous investments include Proventia, Solnet Green Energy, Bladefence and Elcoline.
* Source: Normative: How retailers can reduce carbon emissions 7/2024.
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Contacts
Sampo BriskCEO, Head of ESGEWQ Zone Oy
Tel:+358 50 362 9589sampo@ewq.zoneKia AejmelaeusPartner, Investment DirectorEvli Private Capital
Tel:+358 40 765 4616kia.aejmelaeus@evli.comImages
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EWQ Zone Oy
EWQ transforms the consumer experience in store and service environments into a memorable differentiator through digitalization. The company's proprietary technology seamlessly integrates its device and service solutions, allowing consistent use of product, price, marketing, and queue status information across any digital platform. This enables effortless updates, efficient content management, and valuable analytics utilization. As a result, customers see increases in sales, efficiency, and employee satisfaction while reducing their carbon footprint. EWQ's customer base includes the largest retail chains in the Nordic countries. A testament to the company's strong commitment to sustainability is the highest-level Platinum certificate awarded by EcoVadis. The entrepreneur-led growth company employs 30 professionals in Finland and Sweden.
Evli Plc
We see wealth as an engine to drive sustainable progress. We draw on our heritage, broad expertise and Nordic values to grow and manage wealth for institutions, corporations and private persons in a responsible way.
We are the best fund house in the Nordics(1) and the leading asset manager in Finland(2) offering a broad range of services including mutual funds, asset management and capital markets services, alternative investment products, equity research as well as Corporate Finance services. Responsible investing is integrated in every investment decision and our expertise is widely acknowledged by our clients. Evli has Finland's best expertise in responsible investment(3).
Evli Group employs around 270 professionals and Evli has a total of EUR 18.7 billion in client assets under management (net 9/2024). Evli Plc’s B shares are listed on Nasdaq Helsinki Ltd.
1 Morningstar Awards 2024 (c). Morningstar, Inc. All Rights Reserved. Awarded to Evli for the Best Fund House in Finland and Sweden. Lipper Fund Awards 2023, 2024, the category Small Fund Companies.
2 Kantar Prospera External Asset Management 2015, 2016, 2017, 2018, 2019, 2021, 2022, 2023, 2024 Finland. Kantar Prospera Private Banking 2019, 2020 Finland.
3 SFR Scandinavian Financial Research Institutional Investment Services Finland 2017, 2019, 2021, 2022. Kantar Prospera External Asset Management 2017, 2018, 2019, 2020, 2023, 2024 Finland.
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Latest releases from EWQ Zone Oy
EcoVadis högsta platinabetyg stärker EWQ Zone Oys status som ett ledande hållbart företag i sin bransch14.10.2024 15:14:52 EEST | Pressmeddelande
Världens ledande organisation för att bedöma företags hållbarhet, EcoVadis, har tilldelat EWQ Zone Oy den högsta nivån Platinum-certifiering. Platinum-betyget ges globalt endast till den översta procenten av över 130 000 utvärderade företag. Att uppnå den högsta Platinum-nivån är en milstolpe i vårt företags strategiska arbete mot en mer hållbar framtid.
EcoVadisin korkein Platinum-luokitus tukee EWQ:n asemaa yhtenä alansa vastuullisimmista yrityksistä14.10.2024 15:14:52 EEST | Tiedote
Maailman johtava yritysten vastuullisuutta arvioiva organisaatio EcoVadis on myöntänyt EWQ Zone Oy:lle korkeimman tason Platinum-sertifikaatin. Platinum-luokitus myönnetään maailmanlaajuisesti vain parhaalle yhdelle prosentille yli 130 000 arvioidusta yrityksestä. Korkeimman Platinum-tason saavutus on merkkipylväs yrityksen strategisesta vastuullisuustyöstä kohti kestävämpää tulevaisuutta ja vahvistaa asemaa yhtenä alan vastuullisimmista yrityksistä.
EcoVadis’ highest Platinum rating reinforces EWQ Zone Oy's status as a leading sustainable company in its industry14.10.2024 15:14:52 EEST | Press release
The world’s leading organization for assessing corporate sustainability, EcoVadis, has awarded EWQ Zone Oy the highest-level Platinum certification. The Platinum rating is granted globally to only the top one percent of over 130,000 evaluated companies. Achieving the highest Platinum level is a milestone in our company’s strategic efforts towards a more sustainable future.
EWQ vald som ny leverantör av elektroniska hyllkantsetiketter till fjorton Maxi ICA Stormarknad butiker, Nordens största dagligvarukedja22.2.2024 13:13:51 EET | Pressmeddelande
ICA Maxi Syd har valt EWQ som leverantör av elektroniska hyllkantsetiketter (ESL). Installationer påbörjas inom kort och totalt tio Maxi ICA Stormarknad-butiker i region Syd kommer att implementeras under våren och sommaren. Utöver detta har även fyra ICA Maxi Stormarknad butiker i Stockholmsområdet valt EWQ, dessa installationer sker före sommaren.
EWQ valittu uudeksi elektronisten hintanäyttöjen toimittajaksi neljääntoista Maxi ICA Stormarknad-myymälään22.2.2024 13:13:51 EET | Tiedote
Pohjoismaiden suurimpaan päivittäistavaraketjuun ICA Sverige AB:hen kuuluva ICA Maxi Syd valitsi EWQ:n elektronisten hintanäyttöjen (ESL) toimittajaksi. Kevään ja kesän aikana toteutetaan yhteensä kymmenen Maxi ICA Stormarknad-myymälää eteläisellä alueella. Myös neljä Tukholman alueen Maxi ICA Stormarknad-myymälää on valinnut EWQ:n toimittajakseen. Nämä asennukset toteutetaan ennen kesää.
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