AFRY

AFRY is an international engineering, design, and advisory firm specializing in sustainable solutions across various sectors, including infrastructure, industry, and energy. With a workforce of 17,000 experts, the company operates globally to support both public and private clients in navigating challenges related to sustainability and digitalization. AFRY's business is organized into several divisions: Industrial & Digital Solutions, Infrastructure, Process Industries, Energy, and Management Consulting. The firm engages in constructing plants, providing market analysis, and delivering engineering and advisory services. It primarily generates revenue from its Infrastructure segment, reflecting its commitment to developing innovative and sustainable solutions for future generations.

Albert van der Hem

Director and Section Head

Maarten Timmerman

Director

4 past transactions

Cubiq Analytics

Acquisition in 2021
Cubiq Analytics is a data analytics consulting firm based in Helsinki, Finland, focused on enhancing performance management for government agencies through its cloud-based services. The company offers digital consulting solutions that span various industries, enabling organizations to improve decision-making processes. By leveraging advanced analytics, Cubiq Analytics helps clients optimize their operations and achieve better outcomes in their respective sectors.

Evolve Technology Sweden

Acquisition in 2021
Evolve Technology Sweden is a software company that employs over 50 experienced developers and designers. It offers IT consulting and software services tailored to the medtech, finance, retail, and cybersecurity sectors. The company specializes in IT system development, which includes tender specification, design, user experience, and testing for new digital products and domains. By focusing on these areas, Evolve Technology Sweden helps clients navigate complex software development challenges and deliver effective solutions.

ITE Østerhus

Acquisition in 2021
ITE Østerhus is a company based in Kristiansand, Norway, specializing in electrical engineering, automation, and digitalization for industrial clients. The firm provides a comprehensive range of services, including hardware equipment, panel and switchboard production, and programmable logic controller solutions. ITE Østerhus focuses on delivering integrated solutions that facilitate efficient information exchange between systems, supporting projects of varying sizes and complexities. Their expertise encompasses the development of HMI/PLC systems and extends to production planning for complete information lines, ensuring that clients receive tailored solutions to meet their operational needs.

Ramentor

Acquisition in 2020
Ramentor is a software development and consulting company based in Tampere, Finland, specializing in Reliability, Availability, Maintainability, and Safety (RAMS) software tools. The company focuses on developing and deploying solutions that address customer needs through the integration of the latest research with proven technologies. Ramentor's software tools are designed to model and analyze reliability and risks, optimize maintenance strategies, and reduce life-cycle costs. By enhancing documentation and data collection, Ramentor helps clients improve the dependability of their systems, evaluate design alternatives, and achieve greater operational efficiency.
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