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EQVA is a full-service provider of industrial services, built on development and long-term ownership of strong and complementary industrial companies.
EQVA’s customers include leading industrial players across smelting operations, process industry, aquaculture, the maritime sector, and offshore. The Group’s core competencies span engineering services and mechanical solutions, steel structures, piping and tank systems, ventilation, power and automation, as well as the development and operation of hydropower plants.
EQVA combines organic growth with targeted acquisitions to strengthen cash flow, core operations, and its geographical footprint. Portfolio companies operate with a high degree of autonomy, within clearly defined frameworks for governance, reporting, and shared support functions. This model enables efficient operations, economies of scale, and the realization of synergies – while preserving close proximity to customers and end markets.
EQVA’s asset-light model and strong focus on cash generation support an attractive capital structure and enable profitable growth over time. With more than 660 specialized employees and a strong presence across several of Norway’s key industrial regions, EQVA is well positioned for continued growth.
Growth
Established growth strategy focused on organic growth and acquiring attractive, profitable companies. This enables EQVA to broaden product and service scope.
9 portfolio companies today.
Target of 10-15% growth of revenue and EBITA over the multi-year cycle
Decentralized organisation
A decentralized business model with effective corporate governance models and active ownership as well as proven management. Rapid and flexible decision-making, with decisions made close to customers and suppliers.
Let good managers do what they are best at – avoid politics, bureaucracy and hierarchy
Focus on performance
A clear focus on performance facilitates self-financed, long-term growth and favorable returns for shareholders and a proven ability to develop operations.
(EBITA/WC) > 40%, securing self-financed growth and dividends
Strong financial position
A strong cash flow from operating activities based on a solid financial position and low leverage.
Equity Ratio > 30%
Sustainable business
Sustainability characterizes the entire business and creates conditions for long-term profitability and growth. We are an active partner in helping our customers to decarbonize. Ref. (Boliden) Green Zink, Hydro Husnes upgrade (increase energy efficiency and reduce emissions).
Deliver on our own ESG goals
The race towards carbon neutrality is on, and customers are turning to EQVA for help.
Digital solutions and green technology are needed and included in new projects and retrofitted in existing production assets and plants. This creates an unprecedented demand for industrial services, which our portfolio companies are well equipped to meet through their market leading positions and focus on service and high quality in each delivery. In total this provides a strong foundation for profitable organic growth.
The transformation of industries and the new business models that emerge create opportunities for consolidation and re-engineering of industrial service companies. EQVA is well placed to take the lead in such transformation. It is a responsible owner with an eternal investment perspective, and it aims to maximise financial return over time.
EQVA is supported by highly committed owners and powered by experienced investment professionals and industry leaders. Our portfolio companies have earned the trust of their customers through decades of successful deliveries, on time and within budget. Together we take pride in delivering value to our shareholders by providing the best possible service to our customers.
Eqva ASA has set ambitious financial goals for 2024 (pro-forma figures):
Revenue
NOK 1,000–1,200 million (+300)
EBITDA Margin
5–6% (with a target of 6–8%)
Long-Term Goals
EBITDA margin target between
7–9%
EBITA/WC ratio greater than
40%
Environment, Safety, and Functionality: Eqva ASA is dedicated to operating with a focus on sustainability, prioritizing environmental care and safety in all aspects of our business.
Customer Trust: Our portfolio companies, with decades of successful deliveries, have earned the trust of clients through exceptional service, on time and within budget.
Shareholder Value: By excelling in service and innovation, we consistently deliver results that create long-term value for our shareholders.
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