AAC Capital Partners, a Northern European midmarket buy-out firm is to acquire a majority stake in Energate Oy, a Rauma, Finland-based provider of control systems for residential building automation, temperature regulation and LED solutions in Northern Europe and the parent company of the Enerpoint Group, from Profita Management and the company’s founders.
Enerpoint’s management team will invest alongside AAC Capital Partners in the transaction while Nordea Bank Plc will provide debt financing.
The investment is intended to help the company continue to expand into the public, commercial and industrial segments of the building automation market.
Led by CEO Matti Lipsanen, Enerpoint manufactures energy efficient building automation solutions and LED luminaries. Its product range includes thermostats, temperature controllers, heat pump regulators and other energy saving building automation solutions for the residential housing market.
Customers include OEMs in the Nordic and Baltic markets.
The company currently employs some 170 persons in four countries.