”Helping Nordic technology-based companies make the transition from local companies to global niche leader is the core focus of Verdane. SmartMotor is yet another example of how a Norway-based company attracts the attention of a leading global player like Rolls-Royce. We are proud of what this organisation has achieved over the last seven years, and how SmartMotor has managed to carve out a strong position in its selected niches”, says Bjarne Lie, Managing Partner at Verdane Capital Advisors and Chairman of the Board of SmartMotor.
During Verdane V’s period as a large shareholder in the company, SmartMotor has tripled headcount, increased revenue sixfold, secured significant industry and research council funding for its technology development, and transformed itself from a purely local customer base to having a global footprint. The PM technology has proven to be disruptive within important application areas, overhauling previously existing technology completely.
SmartMotor‘s product offerings are built on the SmartMotor patented technology platform consisting of permanent magnet based machines, power electronics, controls and system design capabilities. Today, SmartMotor’s technology is deployed within three main areas: Marine & Offshore, Oil & Gas and Renewable Energy Power Generation applications
About SmartMotor
SmartMotor offers customized, compact, highly efficient, high-torque electrical machines with drives and controls. The concept is based on patented Permanent Magnetic (PM) technology. Most machine designs are customized to specific, high-torque applications often operating in very harsh and demanding environments, e.g. renewable power generation systems, marine propulsion, winches, pumping and drilling applications for applications such as RIM drive thrusters, contra-rotating wet machines, large diameter wind generators and high-power density pumps. SmartMotor technology makes it possible to replace existing hydraulics and induction machines, while providing lower weight, ease of maintenance and improved efficiency ratio. The former owners of SmartMotor are Verdane Capital V, Trondheim Næringsinvest, Moog Holding and its employees. For more information, please visit www.smartmotor.no
About Verdane
Verdane is a specialist growth investment firm that partners with tech-enabled and sustainable European businesses. Verdane can invest as a minority or majority investor, either in single companies or through portfolios of companies, and looks to deploy inside two core growth themes; digitalisation and decarbonisation.
Verdane funds hold over €6 billion in total commitments and have made over 400 investments in fast-growing businesses since 2003. Verdane’s team of over 140 investment professionals and operating experts, based out of Berlin, Munich, Copenhagen, Helsinki, London, Oslo and Stockholm, is dedicated to being the preferred growth partner to tech-enabled and sustainable businesses in Europe.
Verdane is also a certified B Corporation, the most ambitious sustainability accreditation globally. The firm only backs businesses that pass its 2040 test, which indicates whether the company can thrive in a more sustainable future economy.
Verdane is partly owned by the Verdane Foundation, which is focused on two areas: climate change and more equitable and inclusive local communities.
More info: www.verdane.com
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Verdane Press Office
press@verdane.com
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