OBOS invests in Odevo

Fidelio raises a record EUR 1bn+ for its new investment mandate

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Fidelio recently launched Odevo, a fast-growing challenger in the property and housing management industry. Today, the company announced that OBOS, the leading housing association management company in Norway and one of the largest housing developers in the Nordic Region, has invested in Odevo.

This investment is evidence of the confidence OBOS has in Odevo’s development and ambition to challenge the property and housing management industry internationally. At the same time, OBOS sells its shares in SBC, which makes SBC wholly owned by Odevo.

OBOS will be represented as a shareholder on Odevo’s Board by Marianne Gjertsen Ebbesen, Executive Vice President of OBOS’ wood-frame housing developments. Odevo’s Board also has representatives from the company’s primary investor, Fidelio, and Chairman of the Board, Johan Tjärnberg, CEO of Trustly.

Odevo was launched in March and is a new, fast-growing international player. Odevo is challenging the property and housing management industry with – among other things – its proprietary technology platform.

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