Novela Kapital I has acquired a 43% stake in Anda-Olsen AS to support the company’s growth in developing innovative power supply technologies.
Information on the Target
Anda-Olsen AS is a company that specializes in developing and delivering advanced power supply technologies, particularly designed to meet the demands of rigorous conditions and critical installations. Its innovative approach has positioned Anda-Olsen as a profitable entity, distinguished by its own proprietary products as well as third-party offerings in battery and power supply solutions.
Under the leadership of Jon Kjærstad, who has been with the company since 2018 and has been at the helm for the past four years, Anda-Olsen has gained a strong reputation for its commitment to sustainability and technological advancement. With a focus on creating environmentally friendly alternatives, the company aims to transform the energy solutions landscape for its clients.
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Industry Overview in Norway
Norway's energy sector is characterized by its strong emphasis on renewable energy sources, primarily hydropower, which accounts for a significant portion of its energy production. The country has made notable advancements in battery techn
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Novela Kapital I
invested in
Anda-Olsen AS
in 2021
in a Growth Equity & Expansion Capital deal