Skip to content
Single Family OfficePuts its own capital into companiesActive · deal in last 18 monthsLAST VERIFIED Oct 2026 · 6 SOURCES

Formica Capital

Gothenburg investment company founded in 2018 and owned by the Olsson Eriksson family (Stena Group owners); long-term stakes in Nordic growth companies.

USEFUL FOR Business owners seeking a long-term partner · Co-investors

Family & background

FAMILY
Olsson Eriksson
WEALTH ORIGIN
One of the owner families of Stena Group
HEADQUARTERS
Gothenburg, Sweden
FOUNDED
2018
OUTSIDE CAPITAL
No — own capital only

Investment approach

SECTORS
Software & SaaSClimate & EnergyMobility & LogisticsEducation
GEOGRAPHY
Europe
STAGES
Growth
ROUTES
Companies (own capital)
STRATEGIES
Direct investmentsPrivate equityImpact
LATEST DEAL
CodeIT Group (CodeIT AS, CodeIT AB, CodeIT Innovation AS) (Acquisition) · Sep 2026

Overview

Formica Capital is a Gothenburg investment company founded in 2018 and owned by the Olsson Eriksson family, one of the owner families of Stena Group. It is run by a professional investment team and takes long-term, active ownership stakes in growing and profitable Nordic companies, with the sustainability transition as a core theme. Holdings listed on its site include Knowit, Rototec, ChargeNode, CR Group Nordic, Competence Development Group and CodeIT Group, which it formed through acquisitions in September 2026.

Investment thesis

Long-term, active ownership of strong, healthy, growing Nordic companies with potential for significant value creation and a positive contribution to society; the transition to a more sustainable society is a core investment theme.

Holdings & investments (6)

  • CodeIT Group
    Software & SaaS · since 2026
  • Competence Development Group (Elevera)
    Education
  • CR Group Nordic (C-Resiliens)
    Software & SaaS
  • Knowit
    Software & SaaS
  • Rototec
    Climate & Energy
  • ChargeNode
    Mobility & Logistics

People

  • Johan Christiernin
    CIO · source
  • Marcus Undén
    Investment Associate · source
  • Oscar Cederholm
    Investment team · source
  • Olof Cato
    CEO · source
  • Teresa Enander
    COO · source
  • Carolina Winroth-Lundin
    CFO · source
  • David Leander
    Partner · source

Frequently asked questions

Formica Capital is a single family office based in Gothenburg, Sweden, founded in 2018.

Formica Capital invests on behalf of the Olsson Eriksson family (One of the owner families of Stena Group).

Formica Capital invests its own capital into companies. Its stated asset mix includes direct investments, private equity and impact.

Formica Capital invests at Growth stage in Software & SaaS, Climate & Energy, Mobility & Logistics and Education.

Key people at Formica Capital include Olof Cato (CEO), Teresa Enander (COO), Johan Christiernin (CIO) and Carolina Winroth-Lundin (CFO).

Formica Capital's holdings and investments include CodeIT Group, Competence Development Group (Elevera), CR Group Nordic (C-Resiliens), Knowit, Rototec and ChargeNode.

The most recent publicly reported investment by Formica Capital is CodeIT Group (CodeIT AS, CodeIT AB, CodeIT Innovation AS) (Acquisition), announced in Sep 2026.

No. Formica Capital invests its own capital and does not raise money from outside investors.