Translink Corporate Finance announces the acquisition of a majority stake in Netcontrol Oy by private equity house Procuritas Capital Investors. Netcontrol provides energy network automation systems for utility communication, distribution automation, substation automation, and control centers. Translink acted as the exclusive financial adviser to the owners of Netcontrol.
Procuritas is a private equity house focusing on the Nordic mid-market segment. Procuritas sees that Netcontrol’s solutions are increasing in importance for network operators as the demand for smart-grid capabilities and high up-time are increasing. Procuritas aims to support the company in developing an even stronger offering and to expand the business in the future.
At Translink we see that the traditional setup for energy distribution networks is soon to be history and we are moving from centralized power plants towards distributed renewable energy generation with varying output. The change requires flexibility from network operators which will be gained through control and intelligent automation. This will increase the activity within the industry and with our past transaction experience across many countries we are well positioned support companies with their M&A goals both on the sell- and the buy-side.