News. 05/04/19

EcoGuard joins Fidelix Group and creates Nordic market leader in making buildings smart

Fidelix Holding Oy has on April 2nd entered into an agreement to acquire EcoGuard AB, the market leading Swedish provider of cloud-based software, sensor products and innovative solutions for residential building owners.

EcoGuard’s turn-key solutions enable temperature metering and billing of water and electricity based on individual consumption, powered by CURVES – a powerful data analysis and visualization platform. The platform enables facility owners to analyze, visualize, optimize and bill energy based on actual usage. Consumption of electricity and water can be analyzed by both facility owners and individual residents.

“EcoGuard has an impressive track record in solving residential building owners’ challenges in a wide perspective. The feedback we got from EcoGuard’s customers was excellent – without exceptions. That is the best evidence of the superb work the whole team has done since 2004.” says Tero Kosunen, CEO Fidelix.

“We are so happy to get this opportunity to be part of the Fidelix Group. We believe that Fidelix is an ideal partner to support our growth plan in Sweden and we see also an attractive opportunity to extend our offering to residential building owners in Finland and other new markets. We will be even stronger together in digitalization of buildings in the Nordics.” says Björn Fagerdahl, CEO EcoGuard.

EcoGuard has today a turnover of 100 MSEK and about 50 employees. The acquisition has no impact on the employees of EcoGuard or Fidelix.

The pro forma net sales of Fidelix group is now over 40 MEUR and the group employs 280 people.

More Information:

Tero Kosunen, Fidelix, CEO, tel. +358 50 444 1200
Björn Fagerdahl, EcoGuard, CEO, tel. +46 73 233 0135

About EcoGuard AB
EcoGuard AB was founded in 2004 to help its customers reduce their energy costs and reach their environmental goals with measurability being a prerequisite for reaching these targets. In 2009, the company decided to focus exclusively on measurement in residential real estate – and today EcoGuard is the clear market leader in this segment in Sweden. EcoGuard is committed to its customer relationships and to support building owners’ in their digitalization and use of sensor measurements, reflected in continued significant investments in new products and services.

About Fidelix Holding AB
Fidelix was founded in 2002 to develop intelligent and reliable building automation systems. Our advanced innovations and services for building owners have enabled us to grow to become the market leader in Finland. Fidelix headquarters, R&D and production units are located in Vantaa, Finland. In addition, Fidelix services its customer through its 12 regional offices in Finland and a local subsidiary in Sweden. Today Fidelix has net sales of 30 MEUR and 230 employees with a passion for making Nordic buildings smarter.

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