Kiona

Company details
Year Aquired
2016
Location
Revenue (2020)
179 mSEK
Sector
Energy saving
Employees
Investment Themes
Resource Efficiency
Contact
If you want to know more about Kiona please contact Gisle Glück Evensen at: gisle.gluck.evensen@summaequity.com
Website

Kiona at a glance
Kiona is the leading platform in the market for smart energy solutions. The group was formed in 2021 as a result of the merger between IWMAC (2001), Egain (2003) and Cebyc (2002) - with multiple ongoing acquisitions contemplated.
The key segments are retail & industrial refrigeration, multi-residential buildings, and public & commercial buildings. The merged group also provides several ancillary software services to their customers, such as communication, analysis, and intelligence.
Kiona is market-leading in their core segment. They have an unparalleled contractor network in Scandinavia with 90 partners in Norway and Sweden.
Key developments in 2020
The initial pro-forma figures of IWMAC, Egain, and Cebyc showcase strong financial development in 2020 with 8% total topline growth with a near fivefoldincrease in EBITDA to a margin of 10%. The group expects multiple sources of synergies going forward.
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. One third of all produced food is later wasted, making food waste the third largest emission of greenhouse gases. 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 (2020)
179 mSEK
Employees
Investment Themes
Resource Efficiency
Sector
Energy saving
Location
Contact
If you want to know more about Kiona please contact Gisle Glück Evensen at: gisle.gluck.evensen@summaequity.com