Dec 8, 2021

EAB Private Equity invests in strongly growing technology company Proventia

The private equity firm established by Elite Alfred Berg has made a significant investment in Proventia. With a 20 per cent holding, EAB Private Equity partners with Proventia alongside the company’s main owner Head Invest. 

Proventia, headquartered in Oulu, has solid patented technology expertise in the emission control of non-road machines and test solutions for electric vehicles. The company’s customer base includes the world’s leading players in the battery, automotive and machine industries. Proventia’s innovative solutions help its customers develop products that save the environment and human health by improving energy efficiency and reducing harmful emissions. In 2020, the company’s net sales were approximately EUR 40 million and EBITDA was over EUR 5 million. 

“In recent years, Proventia has grown at an average annual rate of more than 30 per cent. The entry of Elite Alfred Berg allows us to expand geographically and makes us an even stronger partner for our global customers. Elite Alfred Berg’s dedication to responsible investing supports our sustainability work in line with our strategy,” says Jari Lotvonen, President and CEO of Proventia. 

“One of Head Invest’s core principles is to build a better future through new and bold solutions. In Proventia, we have been involved ever since the company was founded. We would like to extend a warm welcome to Elite Alfred Berg in joining as our partner in Proventia. Our common goal is to increase shareholder value responsibly,” says Lauri Antila, CEO of Head Invest.

“We are extremely pleased that Proventia became selected as our first investment. Exceptionally strong megatrends boost the company’s current business and open up exciting new opportunities for growth. As an active owner, we will support the management team in the next phase of the company’s growth story and in developing operations further,” says Kalle Kekkonen, Managing Partner at EAB Private Equity.

For more information, please contact:
Jari Lotvonen
CEO, Proventia Group Oyj
tel. +358 400 68 4072

Lauri Antila
CEO, Head Invest Oy
tel. +358 40 522 2333

Kalle Kekkonen
Managing Partner
EAB Private Equity
tel. +358 50 304 5861

Proventia Group is an internationally operating Finnish technology company, which provides solutions and services in the engine, machine and vehicle industries to combat climate change and to solve the air pollution problem. Proventia develops and manufactures modular test centres for the product development of electric and hybrid vehicles as well as systems and components that increase the energy efficiency of powertrains for non-road machines. Proventia takes people, the environment and future generations into account in all of its operations, with zero emissions being the company's vision.  

The company employs approximately 170 industry professionals in Finland, the Czech Republic, and the UK.


Elite Alfred Berg is an expert in investments helping private individuals, professional investors and companies in Finland manage their assets comprehensively, systematically and responsibly.  More than 10,000 clients already rely on our services to manage assets worth approximately EUR 3.8 billion. We collaborate in portfolio management with Alfred Berg Norway and Sweden. The combined Nordic assets under management amount to over EUR 15 billion. As Finland’s leading provider of personnel funds, we also serve 90,000 personnel fund members. Our clients are taken care of by more than 100 investment professionals in 13 locations throughout Finland. The group’s parent company, EAB Group Plc, is listed on the Nasdaq Helsinki stock exchange, and its largest shareholder is BNP Paribas Asset Management Holding.