Intera Fund II has divested Rototec Group, Europe's largest geothermal energy solutions provider, to Swedish investment firm Formica Capital.

Target Information

Intera Fund II has divested its stake in Rototec Group, the largest provider of geothermal energy solutions in Europe, to a new owner, Formica Capital, a family-owned investment firm based in Sweden. Established in 2007, Rototec has rapidly emerged as a market leader catering to medium and large properties requiring geothermal solutions. The company boasts the largest drilling fleet for geothermal energy in Europe, with operations in Finland, Sweden, and Norway. Rototec offers a comprehensive range of services, including consulting, design of geothermal energy systems, and their implementation.

Over the years, Rototec has experienced significant growth driven by entrepreneurial spirit, organic expansion, and an active mergers and acquisitions strategy. In 2020, the company reported a revenue of approximately €51 million and employed around 100 individuals.

Industry Overview in Finland

The geothermal energy industry in Finland is poised for substantial growth, driven by increasing demand for renewable energy solutions amidst the global energy transition. Finland has a well-defined strategy for promoting the