Headquartered in Espoo, Finland, Evac was established in 1979 and to date has successfully completed over 20,000 marine, 2,000 offshore, and 2,000 building projects for customers around the world.
The company has offices in Brazil, China, Finland, France, Germany, South Korea, Norway, Sweden, and the US, as well as representatives in more than 40 countries.
Since 2014 Evac has been owned by the IK VII Fund. In the course of the fund’s ownership, Evac has achieved strong growth, with turnover increasing by 55% and, in 2016, exceeding €100m for the first time in the company’s history.
Mika Herold, a director of Bridgepoint’s Nordic investment team in Stockholm said, ‘We’re backing a global technology leader that is benefitting in particular from the growth in the global cruise industry.’
Evac Group ceo Tomi Gardemeister commented, ‘Bridgepoint will work with us to identify new growth opportunities and expansion areas. It’s extensive knowledge and fresh perspectives will also serve to enhance the considerable in-house expertise we already have at our disposal.’
The investment in Evac group is being made by Bridgepoint Europe V, a €4bn pan-European fund.
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