Norvestor VII, L.P. (“Norvestor”), a fund managed by Norvestor Equity AS, has signed an agreement to invest in Wexus Gruppen AS (“Wexus” or “The Company”)
Wexus is a rapidly growing specialist within semi-permanent modular buildings for the public, industrial and infrastructure market. They offer highly cost efficient products and services for its markets, using high quality and low cost manufacturing from their fully owned production facility in Tallinn, Estonia. Modules are either sold or provided on longer-term rental agreements. Wexus has the ability to undertake the full scope from tendering to commissioning. The Company has experienced strong growth since its inception through the positive market development and taking significant market share.