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Largest Waste & Environmental Services Public Companies in Norway
Benchmark revenue and EBITDA valuation multiples for public comps like
TOMRA, Cambi, Soiltech, Vow and Capsol Technologies.
 | Tomra Systems ASA provides sorting and recycling solutions to equip customers for handling waste. The company creates and delivers sensor-based solutions that contribute to optimal resource productivity, in packaging, collection, compaction, recycling, ore sorting, and food production. It provides reverse vending machines, sensor-based sorting machines integrated post-harvest solutions, sensors for waste sorting applications, and other related products and solutions. The company's operating segments are; TOMRA Collection which generates key revenue, TOMRA Recycling, TOMRA Horizon, and TOMRA Food. Geographically, the company generates maximum revenue from Europe (excluding Northern Europe), followed by Northern Europe, America, Asia, and Oceania. | $10 | -37% | $3B | $4B | 2.4x | 11.8x | ||
| Cambi ASA is a provider of thermal hydrolysis, anaerobic digestion, and biogas solutions for sewage sludge and organic waste management. The services of the company include Engineering Design, Installation, Sample Testing, Commissioning, and Digester Ramp-Up among others. It operates through two business segments: The Technology segment comprises the research, development, sale, manufacturing, and delivery of THP plants and ancillary equipment to customers. The Solutions segment comprises all services to the growing installed base of Cambi THP plants, including upgrades, capacity expansions, maintenance, and operations, previously found in the Cambi Group segment as the Services subsegment. | $2 | +18% | $375M | $358M | 3.1x | 16.6x | ||
| Soiltech ASA is specializing in the treatment, recycling, and responsible handling of contaminated water and solid industrial waste streams at the site. Its services are Slop treatment, Water treatment, Cutting handling, Cutting treatment, Swarf treatment, Cleaning services, and Other services. | $9 | +35% | $83M | $104M | 2.4x | 10.7x | ||
| Vow ASA develops and delivers technology and solutions to bring an end to waste and help industries decarbonise. The solutions purify wastewater and convert biomass and waste into valuable resources, generating CO2-neutral energy and biocarbon that decarbonise industrial processes. The group is organised across three operating segments: Industrial Solutions, Maritime Solutions, and Aftersales. Maximum revenue is generated from the Maritime Solutions segment, which includes wastewater purification, garbage handling, food waste treatment, and sludge processing solutions for the cruise industry. Geographically, the company generates a majority of its revenue from Europe. | $0 | -11% | $67M | $119M | 1.1x | (23.2x) | ||
| Capsol Technologies ASA is a carbon capture technology provider to accelerate the transition to a carbon-negative future. Its technology combines inherent heat recovery and generation in a standalone unit based on a safe solvent. Capsol’s technology is licensed either directly to customers or through industrial partners globally across key segments, including cement, biomass, energy-from-waste, and gas turbines. It has only one reporting and operating segment, which is the carbon capture solution technology. Geographically, the company generates a majority of its revenue from Europe and also has a presence in the United States and other regions. | $0 | -55% | $33M | $35M | 4.6x | (6.4x) | ||
| M Vest Water AS is an environmental technology company that has developed products and solutions for the water treatment industry, both in Industrial as well as Municipal markets. It is engaged in providing products and equipment utilized for the treatment and purification of water and wastewater. The company focuses on the oil and gas industry, aquaculture, and other industries, although the available technology can be applied for cleaning water across various industries. The product portfolio of the company comprises NorwaFloc, NORWAPOL, and AFM. | $1 | -44% | $20M | $20M | 6.2x | (16.0x) | ||
| Aker Carbon Capture ASA is a carbon capture technology provider. The company's proprietary carbon capture process uses a mixture of water and organic amine solvents to absorb the CO2. This process can be applied to emissions from various sources, from gas, coal, cement, refineries, and waste-to-energy through to hydrogen and other process industries. Its products and services include Just Catch, Offshore Just Catch, Big Catch, Mobile Test Unit - Rental service, CO2 for Enhanced Oil Recovery (EOR) and Storage Practice. | $0 | -57% | $9M | ($193M) | (298.7x) | (199.1x) | ||
| Ocean GeoLoop AS is a green tech company aiming to use nature's own way of solving challenges in a circular way. The company develops, pilots, and commercializes multifunctional environmental technologies, including point source carbon capture. It is based on long-term systematic research and method development, connected in a holistic concept with the objective of solving the greatest challenges of the time; a combined climate, environment, and resource crisis. | $0 | -89% | $7M | $7M | 0.3x | (1.2x) | ||
| Median | $1 | -41% | $50M | $69M | 2.4x | (3.8x) |
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