IK Partners (“IK”) is pleased to announce that the IK Small Cap III (“IK SC III”) Fund has signed an agreement to invest in Tecomatic (“the Company”), a leading Swedish provider of water treatment and erosion control solutions, from PEQ Invest (“PEQ”). IK will invest from the fund’s dedicated pool of Development Capital, alongside the management team who will be reinvesting. Financial terms of the transaction are not disclosed and the completion of the transaction is subject to regulatory approval.

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Tecomatic, established in 1985 and based in Kalmar, Sweden, specializes in protecting critical infrastructure and purifying marine environments. The company offers comprehensive water treatment solutions, including sediment removal and erosion control measures. Its products, such as floating walls and silt screens, effectively eliminate pollutants from various water sources before they are released into the environment. Additionally, Tecomatic provides erosion protection through customizable concrete mattresses and rock bags, safeguarding infrastructure like bridges and underwater cables.

Operating primarily in Sweden, Tecomatic serves cities, municipalities, and various sectors including recycling, construction, and infrastructure. The company plays a crucial role in raising awareness about the importance of water treatment, which in turn drives demand across its value chain.

PEQ, a Stockholm-based private equity firm, focuses on small and medium-sized enterprises (SMEs) in Sweden. In 2021, PEQ invested in Järven Ecotech and subsequently merged it with Tecomatic in 2022, leading to rapid business development and growth.

IK Partners, a European private equity firm, specializes in investments across the Benelux, DACH, France, Nordics, and the UK. Since its inception in 1989, IK has raised over EUR 19 billion and invested in around 200 companies. The firm aims to support businesses with strong potential by collaborating with management teams and investors to foster robust, well-positioned enterprises with promising long-term prospects.