EQVA sharpens growth priorities for industrial services

EQVA, a full-service provider of industrial services, has completed a strategic review, confirming its established direction while sharpening its growth priorities. The company aims to grow and further develop its geographical presence and service offering, building on strong customer relationships through a combination of organic initiatives and strategic acquisitions. EQVA's business model, emphasizing profitable growth, strong cash generation, and low capital intensity, remains unchanged, with a focus on initiatives and acquisitions directly building on its core competence.

The chief executive's letter to shareholders highlights that EQVA has undergone a significant transformation, now focusing on industrial ownership of leading industrial services companies in maritime and onshore industries along the Norwegian coastline. The company creates value by developing strong industrial businesses that deliver safe and efficient project execution, including new installations, maintenance, and modifications. EQVA currently has a secured order backlog of approximately NOK 1 billion for the coming year.

EQVA's portfolio companies operate with a high degree of autonomy within defined frameworks, enabling efficient operations, economies of scale, and synergy realization while maintaining close customer proximity. With over 660 specialized employees across key Norwegian industrial regions, EQVA is well-positioned for continued growth.