Alpha Corporate Finance has acted as financial advisor to Noova´s board and management in the transaction.
Noova Holding AS has today acquired Noova Energi System AS, a privately held company that develops and markets solutions for optimizing energy consumption for businesses in the Nordics. The company combines large datasets with the Noova Logic software suite to assist customers with reduced energy costs and sustainability insights. Noova has some 1 000 business customers, revenues of NOK 570 million in 2019 and a consistent track record of profitable growth. See www.noova.no for more information.
The newly formed Noova Holding AS is 100% controlled by Noova´s top management. The transaction is structured as a leveraged buy-out where Noova management acquires shares in Noova Energi System AS from the company´s founder who is retiring.