Sterner Strengthens international investment with new co-owner
CEO Sterner Group Kim David Lid and founder Bjarne Pettersen
The recognized Austrian entrepreneur and investor Erich Erber (69) has bought 49 percent of the shares in Norway-based Sterner Group for NOK 350 million.
Erber is a resident in Singapore. Since the 1980s, he has founded and developed several companies in animal health, feed and vaccination.
Erber is the main owner of SAN Group in Singapore. The company was founded in 2020 after Erber sold his group, Erber Group. To the multinational Dutch company Royal DSM.
Aims for growth
The fresh capital that has been invested enables a more offensive international investment in RAS facilities, as well as purification of drinking water and wastewater. In addition, several new hires are planned in Norway to further strengthen the position in water purification.
At the end of the first quarter, the company had an order book of more than NOK 200 million, and the demands for Sterner’s solutions is growing sharply.
Sterner was established in 1990, and in 1993 Bjarne Pettersen became co-owner and general manager of the company. Based on technology for clean water, the company has grown and taken a leading position in RAS facilities and wellboat technology, as well as the purification of drinking- and wastewater.
Today, Sterner is Norway’s largest supplier of ozone- and UV- solutions for drinking water and has a market share in municipal drinking water of 40 percent.
Investor Erich Erber and Chairman of the Board Arild Hustad
Out into the world
Upon joining Sterner Group, Erber is clear on the point that his goal is to help create growth for the company in new markets.
Briefly about Sterner:
- Norwegian group that specializes in technology for water purification and water treatment
- The group has a leading position in Norway within RAS facilities and wellboat technology, as well as within purification of drinking- and wastewater.
- The parent company Sterner Group AS, owns the companies Sterner AS, Sterner International AS, Sterner Solutions AS and Sterner Egypt AS. Total turnover in 2020 was NOK 156 million.
- Sterner was established in 1990, and in 1993 Bjarne Pettersen came in as co-owner and sole employee. Today, the Sterner Group has over 70 employees and has operations in the Norwegian regions Ski, Grenland, Bergen and Leknes in Northern Norway.