Translink Corporate Finance acted as the advisor to Smartvatten, a portfolio company of Norvestor, on the acquisition of LeakLook

Translink Corporate Finance Finland acted as the financial advisor to Smartvatten, a leading European provider of sustainable digital water management solutions, on the acquisition of LeakLook, a Finnish pioneer in submetering and IoT-enabled water monitoring for real estate. This strategic acquisition sets the stage for the creation of a unified platform designed to address the increasingly complex demands of sustainable water use across Europe.

Smartvatten strengthens European water analytics leadership with LeakLook

With the acquisition, LeakLook’s employees will become part of Smartvatten’s global team of 150 experts dedicated to water management, and strengthen Smartvatten’s R&D capabilities in the areas of IoT and AI analytics. The acquisition is part of Smartvatten’s long-term strategy to become the leading European water measurement and analytics platform. Combined, the two companies monitor real time water flows at over 40 000 properties in more than 30 countries, making this one of the biggest acquisitions in the market for water monitoring and analytics of commercial real estate in Europe.

Advancing IoT and AI for next-generation water management

With a shared roadmap guiding their efforts, the integrated team will concentrate on developing the next generation of IoT-enabled water monitoring devices and AI powered water analytics to help proactively identify leakages, inefficiencies and irregularities in water usage. The development is aimed at tackling Europe’s pressing challenges of water scarcity, and sharply rising water prices.

The deal expands LeakLook’s proven solutions across Europe

LeakLook’s proven solutions will now be introduced across Europe through Smartvatten’s well-established sales, support, and partner network. This includes further expansion into commercial and residential real estate markets, water utilities seeking advanced insights based on more detailed, real-time usage data, and insurers seeking to reduce risk exposure to property damage.

TranslinkCF is a growth partner to Smartvatten

Translink Corporate Finance has been closely involved in Smartvatten’s growth journey, first on the sell-side in 2021 when Norvestor became the majority owner, and now for the third time on the buy-side as Smartvatten continues to execute its ambitious growth strategy. The Smartvatten team is extremely pleased with Translink’s long-standing collaboration, which is built on mutual trust and a deep understanding of the company’s strategic objectives.

Comments from Smartvatten

Petter Quinsgaard, CEO of Smartvatten, says, “This merger brings together two companies aligned by a shared mission: to enable the most efficient use of water through scalable, digital solutions, helping to reduce pressure on the world´s increasingly scarce water resources. Together with LeakLook, we are not just growing in scale-we are deepening our ability to serve customers with an even broader range of advanced solutions and services. Our combined capabilities open new opportunities for smarter water management for property owners, building operators and tenants alike.”

Karl Jepsson, CPSO at Smartvatten, adds, “From arranging the initial reach-out through to the final closing documentation, Translink has been instrumental in getting this deal done. By combining the highest quality of work with a reliable and hands-on attitude they have earned the position as our trusted M&A advisor, and we look forward to working with them again.”

Comments from Translink Corporate Finance

Juuso Marttinen, Partner at TranslinkCF Finland, says, “It has been a privilege to support Smartvatten in this strategically important acquisition. LeakLook is a great fit for Smartvatten’s platform. This transaction is another milestone in Smartvatten’s journey toward becoming the European champion in sustainable water efficiency, and we are proud to have been part of it.”