Expanite

Country
Denmark
First investment date
Status
Active
Finindus lead
Investment domains
Co-investors
Lauritzen Fonden
Seed Capital
Expanite
Gallery

Expanite commercialises an environmentally friendly, patented gas phase technology invented at the Danish Technical University (DTU). The Expanite proprietary processes allow for the surface hardening of stainless steel and other high-performance metals, while at the same time maximizing corrosion resistance. The company offers hardening as a service out one of its service centres but also has a fully digitalized solution for on premise production under a license from Expanite.

“At Finindus we were charmed by overall value proposition: high performance, sustainable and digital. The dual business model allowing industrial clients to embed the Expanite technology in their own facilities, under a license agreement and using ‘plug and play’ equipment in conjunction with a dedicated IT platform is in our view a true game changer. Having a large team of OCAS metallurgist available, we are well positioned to further support the team of Expanite.”

A word from Expanite

  • When Expanite was looking for new investors in 2014, a clear objective was to find international partners who could bring more to the company than simply financial support. After having Finindus on board for two years, we can confirm that we found exactly what we were looking for. The combination of skills, international outlook and experience - as well as insight into our industry - brings true value to our company.

    Thomas Abel Sandholdt, CEO of Expanite, DK