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Verdis is the leading Nordic municipal waste collection platform with operations across Denmark, Norway, Sweden and Finland.

Fund: Cube III
Sector: Environment
Location: Denmark, Sweden, Norway, Finland
Investment Date: November, 2023
Status: Current

The company serves c.100 municipalities and more than 5 million inhabitants with c.1,800 FTEs and a fleet of c.1,100 trucks, c.45% of which are driven by green technologies.

Its revenues are underpinned by a diversified portfolio of more than 175 medium- to long-term contracts with local authorities. The contracts are largely availability-based and protected against inflation, which provides strong resilience through economic cycles and crisis as proven during Covid-19 and the 2022 energy crisis.

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