News

The latest news and updates about Formica and our portfolio companies.

Formica Capital invests in Polarium

October 18, 2022

Formica Capital has acquired shares in Polarium, a leading provider of advanced solutions for energy storage and energy optimization built on lithium-ion technology, for customers in the telecom, commercial, and industrial segments. Polarium, founded in 2015 by Stefan Jansson and Vargas Holding, is on a journey to empower a sustainable world with smart modular energy […]

Formica Capital to invest in engcon, the global leading manufacturer of tiltrotators

June 1, 2022

Formica Capital has committed to acquire shares in engcon AB for up to 46 SEK per share. The acquisition of the shares is in connection with the company’s planned IPO on Nasdaq Stockholm, which is expected to be completed during the second quarter of 2022. engcon is the world’s leading manufacturer of tiltrotators with a […]

Formica’s owners, Formica and Formica’s portfolio companies raise SEK 7 million for UNHCR’s work in the Ukraine

March 22, 2022

In a joint effort, Formica has raised SEK 7 million for UNHCR’s efforts in the Ukraine. The target to raise SEK 1 million from our portfolio companies and their employees has now been reached. Formica will match this sum with SEK 1 million and Formica’s owners will match five-fold with another 5 MSEK. These donations […]

Formica Capital new main shareholder in Nock Massiva Trähus

November 22, 2021

Formica Capital is investing in the fast-growing wooden house manufacturer Nock Massiva Trähus to enable continued expansion. Nock is one of few Swedish suppliers of apartment buildings through industrialized production in solid wood, which provides climate-positive homes of high quality

Formica invests in ChargeNode

November 18, 2021

  ChargeNode, a green tech company that eliminates the need for traditional EV chargers, has raised 115 MSEK from Formica Capital to accelerate Swedish and international expansion. ChargeNode fits very well into Formica’s focus on fast-growing companies with climate-effective solutions for properties, being Formica’s fifth investment in this segment. ChargeNode’s patent-pending technology for EV charging […]

Formica Capital releases 1st edition Impact & Responsibility Report

October 18, 2021

Formica’s first equivalence to a sustainability report highlights the responsibilities Formica have in the shift to a sustainable society and the opportunities to have positive impact. The report details Formicas approach to impact and responsibility throughout investing, enabling, executing and inspiring this shift. The report also introduces the Formica Formula, a framework designed to help […]

Formica participates in Devoted Health’s Series D funding

October 18, 2021

Formica continues its support of Devoted Health in Devoted’s recent USD 1.2bn Series D round, the largest ever by a private company in Massachusets. Formica has supported Devoted, since its 2018 Series B round. Lead investors in the round were Uprising and Softbank Vision Fund 2, with existing investors including Andresseen Horowitz and GIC participating. […]

Formica Capital decreases ownership in Scandic Hotels Group

May 7, 2021

Formica has reduced its holding in Scandic Hotels Group. Ownership after divestment is 4,86%. As part of Formica’s capital management, Formica made a financial investment in Scandic in March 2020, in the midst of the Covid pandemic. Since then Formica has, together with the other owners, supported the company through a new issue of shares […]

Formica Capital becomes largest shareholder as Cybercom becomes part of Knowit

May 5, 2021

Formica’s portfolio company Cybercom becomes a part of Knowit AB (publ), building a unique offering within digital transformation in the Nordic market with more than 3 800 employees in the Nordics and Poland and revenues of SEK 5 500 million. The new Group is expected to be able to further leverage on Cybercom’s strong position […]

Formica Capital new majority owner of Rototec Group

May 4, 2021

Formica Capital acquires Rototec Group from Intera Fund II Ky and the company’s management. Rototec is Europe’s largest provider of geoenergy solutions and has shown strong profitable growth through a combination of entrepreneurship and active M&A. Rototec is Formica’s fourth investment within the shift to a globally sustainable energy system. The company’s management will remain […]