Sortera

Business Description

Sortera is a fast-growing Nordic environmental contractor within collection, recycling, processing and broking of residual products from the building and construction sector.

Sortera operates primarily within the B2B SME segment in Sweden and Finland through its three business areas: Recycling (RMI construction recycling services), Materials (End-to-end environmental solutions for waste and water) and Industry (Industrial removal of bulk materials and liquids). Through its operations, Sortera contributes to a circular economy in construction – the second largest recycling opportunity globally after the mining industry. The Company’s services enable the increased use of old materials in new construction, reducing the need for raw materials and hence Greenhouse Gas (GHG) emissions. Sortera performs daily services for thousands of companies and private individuals in the Nordic region.

Nordic Capital acquired Sortera in 2021. The investment is at the core of Nordic Capital’s Responsible Investment and Industrial & Business Services investment strategy and the ambition is to contribute operational and financial resources to support Sortera’s, international sustainability journey in close partnership with the Company’s management team and founder.

Sector

Industrial & Business Services

Key Information

Revenues 2020

EUR 140 million

Employees

420

Ownership

Nordic Capital Fund X, controlling shareholding

Head office

Stockholm, Sweden

Investment date

2021