EQVA: Strategic review completed: Direction remains unchanged, priorities sharpened

The board of directors of EQVA, together with newly appointed CEO Olav Hilmar Koløy and the rest of the management team, has recently completed a strategic review. The overall direction for EQVA remains unchanged, while priorities have been sharpened.

EQVA aims to grow and further develop its geographical presence and service offering, while continuing to build on its strong customer relationships. Growth will be driven by a combination of organic initiatives and strategic acquisitions.

EQVA’s business model, with an emphasis on profitable growth, strong cash generation and low capital intensity, remains unchanged. The group is sharpening its focus on initiatives and acquisition opportunities that build directly on its core competence as a total service provider of industrial services.
Further details on the company’s status and strategy are available in the attached CEO letter to shareholders.




THIS IS EQVA

EQVA is a full-service provider of industrial services, built on development and long-term ownership of strong and complementary industrial companies.

EQVA’s customers include leading industrial players across smelting operations, process industry, aquaculture, the maritime sector, and offshore. The Group’s core competencies span engineering services and mechanical solutions, steel structures, piping and tank systems, ventilation, power and automation, as well as the development and operation of hydropower plants.

EQVA combines organic growth with targeted acquisitions to strengthen cash flow, core operations, and its geographical footprint. Portfolio companies operate with a high degree of autonomy, within clearly defined frameworks for governance, reporting, and shared support functions. This model enables efficient operations, economies of scale, and the realization of synergies – while preserving close proximity to customers and end markets.

EQVA’s asset-light model and strong focus on cash generation support an attractive capital structure and enable profitable growth over time. With more than 660 specialized employees and a strong presence across several of Norway’s key industrial regions, EQVA is well positioned for continued growth.