Finland’s Sofi Filtration has entered into a strategic partnership with Texas-based Danish American private equity firm Cimbria Capital.
The partnership will help establish Sofi Filtration’s incorporation into the US and strategically position its business, products and services for the American market.
Cimbria will work closely with Sofi Filtration through its ‘Acceleration Program’ to implement a market plan and build new commercial opportunities in the US for the company’s microfiltration technology.
“To replicate our Scandinavian success in the US market, Sofi Filtration sought a smart capital and market integration firm with the in-depth business expertise necessary to grow our company as a major player in the sustainable water technology market,” said Ville Hakala, CEO of Sofi Filtration. “We believe we have found that unique strategic partner in Cimbria Capital.”
“Industrials are in need of highly-refined Scandinavian innovation like Sofi Filtration’s to solve their growing water and energy concerns,” said Brian Iversen, managing partner of Cimbria Capital. “Cimbria is honoured to help accelerate the expansion of Sofi Filtration’s impact in the United States through our expertise in Nordic and American market integration.”
Sofi Filtration specialises in automated and self-cleaning microfiltration technologies for global clients in the mining, metal, oil and gas, and power industries.