Evac Group had been identified as an attractive acquisition target due to the company’s strong market position in the global marine markets and specifically in the cruise segment which is experiencing strong growth. The company has been able to expand its product offering and customer base both organically and through add-on acquisitions in the recent years, and it is currently very well positioned to benefit from the positive market environment. In addition to its current markets, there are several new areas for expansion which Evac is exploring and which will contribute to future growth.
Evac is a global market leader in the provision of environmentally friendly waste, wastewater, and water management systems for the marine, offshore, and building industries. Established in 1979 and headquartered in Espoo (Finland), Evac’s products include vacuum collection systems, vacuum toilets, wastewater treatment plants purifying black and grey water, fresh water generation systems turning seawater into process, service and drinking water, as well as dry and wet waste systems used for managing food, mixed and recyclable waste. The company employs approx. 240 people and operates from nine offices in Europe, North & South America and China and is supported by a network of exclusive agents and distributors giving it a presence in more than 40 countries around the world. In 2016, Evac had total revenues of EUR 101 million and in the last 15 years has achieved consistent organic revenue and EBITDA CAGR of around 10%.