Loudspring - a Company Group Saving Natural Resources

Press release

By Loudspring Executive Chairman Lassi Noponen

Eagle Filters Acquisition

At Loudspring we are working to redefine what an industrial company can do, where industrial means: nimble, capital light, and modular. Through our strategic acquisitions, we chase impact through profitable companies.

Through the latest share swap agreement with Eagle Filters, Loudspring has successfully developed its first strategic resource efficiency business for utilities. Eagle Filter’s product portfolio consists of high efficiency filters and cooling systems for gas turbines, as well as cloud based real-time management systems for power plants. These products can significantly improve the fuel efficiency of gas turbines and Eagle’s filter products have recently been taken into use also in large diesel engines and generators to increase their fuel efficiency.  

Eagle Filters’ product offering is well suited to the massive global energy industry and as Loudspring, we will leverage our networks, communications capabilities, and international presence to accelerate Eagle’s growth and develop the company into a recognized global leader.

Loudspring’s ambition is to build Eagle into a fully-fledged highly profitable business unit that will provide tens of millions of euros of revenue to Loudspring over the next several years. This ambition level is based on our analysis of Eagle’s market potential. Every time Eagle lands an order with an electricity provider it significantly improves the fuel efficiency of that unit. Utilizing Eagle’s high efficiency filter technology in existing gas power plants, energy producers achieve annual fuel savings in the range of 1-3 MEUR per installation.

Eagle’s filtration technology is currently in use in several countries in Asia, Europe, North and South America, and Africa. Among Eagle’s customers is Engie, the world’s largest operator of gas-fired power plants.

Journey So Far

Loudspring – (Cleantech Invest at the time) –  started fund management and investment activity in 2010. As the firm continued to make investments into the then nascent ‘cleantech’ industry the core team was driven to become more and more involved with our portfolio companies. The increased involvement in select portfolio companies resulted in higher growth rates, which over the years has been reflected in our share price.

Even if our involvement in the portfolio companies has steadily increased over the years, to this date we continue to be seen as a holding company, or an investment firm. Through the acquisition of Eagle Filters, we intend finally to surpass this image associated with even most value adding holding companies and elevate ourselves to the status of a company that presents its own vision for the future and directly influences its own revenues and profits. At the moment, all publicly available independent equity valuations of Loudspring have been prepared using the sum of our shares in portfolio companies. We intend to change this approach to our valuation, through our consolidation strategy that we have now started implementing.

The acquisition of Eagle Filters is the first major step to turn Loudspring into an industrial group of companies with its own resource efficiency business units at its core, with a strong venture arm. With this strategic acquisition, we are now fully able to capture the shareholder value, and both the strategic and the economic benefit, that has been created as a result of the foundational work we have done with our portfolio companies during the last years.

Strategy Derived from Purpose

As of last spring, we have started to measure and communicate the positive environmental impact we are having. We have had an ambition to continue on this high growth track, and are continuously evaluating new ways to increase shareholder value. We have been focused on being effective and getting results.

Through our recent name and identity change we have strengthened our Nordic identity as well as our global ambition and appetite for disruption. Markets are constantly changing and Loudspring has always adapted to change and will continue to evolve. Loudspring is something today and it is very likely that Loudspring will look very different in a few years’ time. We are convinced that the opportunity combined with our resources and capabilities is going to result in a great journey. 

One thing stays unfortunately unchanged: ecosystem deterioration through human activity is a universal problem facing our generation. Loudspring combats this through sourcing and deploying Nordic technology to global markets and aims to dramatically accelerate the positive environmental impact we have, and we believe when we do that, shareholder value will follow.

Loudspring in brief

Loudspring is a company group focused on saving natural resources, with offices in the Nordics and California. TheLoudspring companies are active on global markets in five sectors: energy, real estate, fashion, food and manufacturing. Loudspring management consists of company builders combining positive environmental impact with business for over a decade.The company group is listed on First North Finland under the ticker LOUD and on First North Stockholm under the ticker LOUDS.


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Lassi Noponen, Hallituksen puheenjohtaja, Cleantech Invest Oyj. Puh: 358 40 501 5127, lassi.noponen@loudspring.earth