Evli Private Capital has made an investment of EUR 5 million in EWQ Zone Oy, including an option for an additional EUR 5 million investment, bringing the total amount to EUR 10 million. As a result of the investment, Evli will become a significant minority shareholder in EWQ.

EWQ is a Finnish growth company providing queue management systems, digital signage and electronic shelf labeling. EWQ employs more than 30 people in Finland and Sweden and its turnover is expected to approach EUR 15 million in 2024.

Evli Private Capital is part of the Finnish listed asset management group Evli Plc. This represents the first investment for the new Evli Private Capital Fund I. The fund makes significant minority investments in Finnish and Swedish small and medium-sized growth companies within energy transformation, resource efficiency, and the circular economy. The private equity team’s previous investments include Proventia, Solnet Green Energy, Bladefence and Elcoline.