Transaction

Ambienta acquires a majority stake in No Dig Alliance

Transaction

Ambienta acquires a majority stake in No Dig Alliance

Buy-Side

Undisclosed

Role

Adviser to Ambienta on its acquisition of No Dig Alliance

Sector

Industrial & Chemicals

Region

Sweden

We have advised the private equity firm Ambienta on its acquisition of No Dig Alliance, a Nordic leader in the installation, renovation, and maintenance of underground pipelines using trenchless technology. 

No Dig Alliance specialises in the trenchless installation, renewal, and maintenance of pipelines, and has in recent years established itself as one of the leading players in the Nordic region. Through innovative trenchless technology, the company has helped modernise water and wastewater networks and other underground infrastructure, without digging up streets or land, leading to significant cost savings, reduced disruption to urban environments, and substantially lower environmental impact. 

Through a long series of successful acquisitions, No Dig Alliance has consolidated the Nordic market for trenchless pipe services. Now, a new chapter begins with Ambienta, a private equity investor with a pan-European presence and deep expertise in sustainability-focused businesses, becoming the new majority shareholder. 

With this acquisition, Ambienta gains access to a strong platform in trenchless technology, an area experiencing rapid growth, driven by increasing sustainability demands and the significant need for underground infrastructure renovation across Europe. For No Dig Alliance, the transaction brings additional resources and strategic support to continue its impressive, acquisition-led growth, both within the Nordics and into broader European markets. The company’s founders and management team will remain as minority shareholders following the transaction.

Pipe installation Ambienta

We are delighted to have been entrusted with advising Ambienta on their first platform acquisition in the Nordics. No Dig Alliance has quickly established a market-leading platform for trenchless pipe renewal—a technology that reduces carbon dioxide emissions by up to 90% compared to traditional excavation. The addition of Ambienta as an owner brings capital and expertise in sustainability and international expansion, which will accelerate the company’s strong, acquisition-driven growth. Together, Ambienta and No Dig Alliance are well-positioned to lead the renewal of critical water and wastewater infrastructure across the Nordics and Europe in the coming decades.

Oscar Coster, Partner, Clearwater

It has been a true pleasure working alongside Ambienta, one of the pioneers in impact private equity, on their first investment in the Nordics. No Dig Alliance is an exciting platform, and we are pleased to have supported Ambienta in securing a tailored financing package to enable their growth ambitions.

Manuela Scheibe, Partner and Nordic Head of Debt Advisory, Clearwater

Advisers

Transactions