How our partnership began

Credo Partners developed the idea behind Vivify with the initial founding companies from the summer of 2021 until the point of investment in the summer of 2022. Since its inception, Vivify has united five experienced regional leaders in the installation and production of interior partitioning systems and ceiling solutions. To further accelerate its growth, four additional acquisitions have been made, positioning Vivify on the path to becoming a national champion. The most recent acquisition, completed in 2023, expanded the group’s presence in Norway, solidifying its foundation with a strong foothold in Trondheim.

Recent results

2023 picked up where 2022 left off, with activity levels running high. The new company name and identity were launched at the beginning of the year. The central management team was further strengthened by adding a new finance director and head of the supply chain, while an underperforming unit was restructured.

Vivify has quickly grown into Norway’s leading player through strategic acquisitions, ending 2023 with NOK 783 million in revenues and an EBITDA of NOK 64 million. The company’s geographical diversification proved beneficial amid a challenging market, maintaining high activity levels and closing the year with an order book of NOK 550 million, a 48% year-over-year increase.

How we see the future

With a record-high order book and a strong start across all subsidiaries, Vivify is set to capture more market share in 2024, despite the uncertain macro environment. A new CEO joined in the spring, accelerating key strategic initiatives in sourcing, sales, and best-practice sharing. While M&A remains on the radar, the primary focus will be on enhancing the combined platform’s strength through organic growth. Embedding sustainable practices across daily operations will also be prioritized, aligning with Vivify’s broader ESG goals.