Egain Group

Putting an end to wasted residential energy
Company details
Year Aquired
2016
Location
Sweden
Revenue (2019)
77 mSEK
Sector
Energy saving
Employees
42
Investment Themes
Resource Efficiency
Contact
If you want to know more about Egain Group please contact Gisle Glück Evensen at: gisle.gluck.evensen@summaequity.com
Website

Egain at a glance
Egain is a leading Nordic technology/service provider enabling connected and energy efficient buildings, through remote optimization and climate-based control of central heating in multiapartment buildings. Egain is headquartered in Gothenburg, Sweden and founded in 2002. The company has a strong position in the Nordic region and a growing presence in Continental Europe.
Key developments in 2019
Egain continued to see positive revenue development: 2019 up 6.1% y-on-y. With a slimmer sales organization and new partner sales strategy, Egain has positioned itself to ramp up future growth profitably. The product offering and market fit improved with the acquisition of Metry which added new energy sources into product portfolio.
Impact Dimensions
The challenges we face
Buildings account for ca. 40% of Europe’s energy consumption and 36% of Europe’s emissions. 75% of buildings in the EU are energy inefficient. In 2050, 95% will still be in use. Meanwhile, electricity consumption is set to increase in the next 20 years with close to 60% being used in buildings. Today, despite the fast growth of “prop tech”, only a tiny fraction of the 40 million facilities in the world are benefiting from this technology, and already connected buildings suffer from different types of legacy equipment from differing vendors.
Year Aquired
2016
Revenue (2019)
77 mSEK
Employees
42
Investment Themes
Resource Efficiency
Sector
Energy saving
Location
Sweden
Contact
If you want to know more about Egain Group please contact Gisle Glück Evensen at: gisle.gluck.evensen@summaequity.com
Website
Video
SDG Alignment




