PRESS RELEASE
Kristiansand, 10.01.2024 – Opt-E AS, the leading Norwegian company in technology for the energy efficiency of pumps and fans, buys ClevAir AS, which supplies automated optimization of ventilation in commercial buildings.
The acquisition marks a significant strengthening of Opt-e's offer of optimization solutions. Both companies have developed algorithms that reduce energy consumption to the benefit of the environment and the customers' savings.
Opt-E AS has carried out an equity raising a total of 33 MNOK, and thus also strengthened the company's financial position.
"As the largest investor in ClevAir, Eviny Ventures has great faith in the future for energy optimization of buildings and industry. We are very satisfied that ClevAir will now become part of Opt-e as a leading player in energy optimization and have chosen to invest further in Opt-e as well." says Roald Brekkhus, chairman of ClevAir and investment director of Eviny Ventures.
"We look forward to extracting the synergies between the two companies, which will strengthen our market offering with broader expertise in energy efficiency. I look forward to getting to know the employees of ClevAir and their customers better. With ClevAir in the Opt-E organisation, we get a unique opportunity to offer our customers energy efficiency both in the process industry, on ships and commercial buildings, says Johnny Ballestad CEO of Opt-E AS. This means a greater financial gain for our customers and, not least, a far greater reduction in the customers climate footprint."
Opt-E AS is a leading technology company that specializes in Energy Saving as a Service (ESaaS) for optimizing energy consumption in pumps and fans within industry, the maritime sector and fish farming on land and shows reductions in energy usage of 20-50%. In addition, Opt-E has solutions for "on-site" energy production and batteries. Opt-E also offers competitive electric energy to its commercial customers through the the subsidiary Opt-E Energi AS. The company has offices in Kristiansand and Oslo. For further information, please visit Opt-E AS's website: https://www.opt-e.no/en/
ClevAir AS: ClevAir is an innovative supplier of Software as a Service (SaaS) for optimizing ventilation in commercial buildings. By controlling the ventilation based on sensors in the buildings, ClevAir contributes to energy and CO2 savings of 15-25%. ClevAir has customers among owners, managers and tenants in commercial buildings in Norway, England and southern and eastern Europe. The company has offices in Stavanger and Oslo.
The acquisition took effect on the first of January 2024. The CEO of Opt-E and ClevAir is Johnny Ballestad.
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