east hill equity
2017/06/16
Enersize listed on Nasdaq
east hill equity
Following Enersize’s fully subscribed new issue of shares, the company is now listed on the Nasdaq First North European growth market. The first day of trading was 15 June. One of Enersize’s major owners is the newly launched Scania Growth Capital.
Through its proprietary software for data acquisition and analysis, Enersize achieves energy savings of up to 30 percent in industrial compressed air systems. Industrial compressed air represents five percent of the entire world’s electricity consumption, and is used in 90 percent of all factories. Enersize shares the energy savings with the customer, which does not need to pay anything for the solution but merely shares the revenue from the savings achieved.
Enersize’s existing customers include one of the world’s largest flat-screen manufacturers and also well-known producers of vehicles and steel. Scania itself will benefit from Enersize’s solution, which can contribute to a significant reduction in energy consumption at its industrial facilities and service workshops.
The raised capital through the new issue of shares has brought an additional, SEK 27.9 million (approximately 3.03 million euro) that will be used for market acceleration as well as key recruitment for the global market launch of a fully automated analysis tool, which is currently under development. Furthermore, Enersize aims to utilise the increased capitalisation to finance a large number of new customer installations.
More information about Enersize
MEDIA COVERAGE
Article in Affärldsvärlden regarding IPO of Enersize (Swedish)
